Merlin Egalite 🕛

Cofounder & Wizard @Morpho

[Merlin Egalite 🕛 @MerlinEgalite]

I'm excited to share that Morpho secured $50m in funding led by Ribbit Capital.

There was also participation from @a16z @coinbase @variantfund @PanteraCapital and 50+ others who will help guide the future of Morpho.

From a student project to one of the fastest-growing and now premier DeFi protocols, Morpho has come a long way. In just 2 years, it went from 0$ to $3B in deposits and evolved into a fully independent financial infrastructure.

This funding will help:

→ Grow the Morpho Ecosystem outside the (still self-referential) DeFi space leveraging Ribbit's fintech portfolio companies like @RevolutApp, @RobinhoodApp, @nubank.

→ Consolidate the Morpho Stack by creating products servicing users of all types.

→ Develop our vision of building finance like the early internet: by building transparent, efficient & open protocols.

→ Hire incredible talents sharing this vision: https://t.co/Vf3DpIWvza

Thank you to all our partners, individuals, friends, and families who helped us along the way. Morpho is just getting started.

Let’s make financial infrastructure a public good 💙

[Morpho 🦋 @Morpho]

We're excited to announce that Morpho has secured $50M, led by Ribbit Capital!

The funding from Ribbit and other strategic partners further enhances Morpho's decentralization and supports its mission to make financial infrastructure a public good.

[Merlin Egalite 🕛 @MerlinEgalite]

This one is a big @deel!

In markets like Argentina, a salary paid in local currency can lose 20 to 40% of its value in a single year. Deel contractors in Latin America can now hold their earnings in a dollar-backed balance and have rewards accrue automatically, powered by @Morpho.

This is what Morpho’s infra is built for: real-world use cases that positively impact someone’s financial life!

[Morpho 🦋 @Morpho]

.@deel Stablecoin Wallet, powered by Morpho

Deel puts dollar-backed balances into the hands of contractors in Latin America. Morpho now enables those balances to earn onchain rewards via @SentoraHQ curated Morpho Vaults on @tempo

[Merlin Egalite 🕛 @MerlinEgalite]

@arthaud_ @bryan_johnson brutal

[Merlin Egalite 🕛 @MerlinEgalite]

@ppindarew 💙

[Merlin Egalite 🕛 @MerlinEgalite]

Morpho Midnight rather complements Morpho Blue and is not a replacement as they both serve different needs and use cases imo.

Also since the liquidity is offered, not pre-allocated, it can be earning variable rates while waiting for an offer to match on Morpho Blue. Users don't need to choose one or the other, they can just choose whatever makes the most sense for them.

I have extensively talking about the Lindy Effect of DeFi protocols: upgradable code will reset its Lindy every upgrade, whereas immutable protocols like Morpho Blue and Midnight will continue to grow their Lindyness as the protocols scale.

My guess is a lot of experiments will actually be built on Midnight because they'll realize they can tap into a safe and scalable infrastructure they dont have to rebuild, while truly focusing on the market segment they're the best at.

[Merlin Egalite 🕛 @MerlinEgalite]

@jessewldn lmaooo

[Merlin Egalite 🕛 @MerlinEgalite]

Is that american croissant? 🥐

[Merlin Egalite 🕛 @MerlinEgalite]

There’s people you can clearly see the level of intensity and care they put in their work.

Oliver is part of those.

Glad he’s joining us to tank the insane demand from integrators!

[Oliver @mroliverpt]

Life update: I’m incredibly excited to announce that I recently joined the team @Morpho!

Since last summer when I first built on the protocol and met the team, it was clear to me that Morpho is building the future of credit infrastructure. I am joining as an Integration Engineer, helping protocols and institutions tap into Morpho’s credit layer.

Huge thank you to @MerlinEgalite, @PaulFrambot, @maccanomics, Florian, and the rest of the Morpho team for everything throughout the process. Let’s build🦋

[Merlin Egalite 🕛 @MerlinEgalite]

@GokuYoppy I know that was a joke

[Merlin Egalite 🕛 @MerlinEgalite]

@LucaProsperi Insane did not know!

Quite incompatible with being a founder tho 🥲

[Merlin Egalite 🕛 @MerlinEgalite]

I've been discussing my learnings on sports over the past few weeks so decided to share them more broadly.

I got back to sport more seriously 2y ago, after doing it only once or twice a week at most. During university I was doing much more, but within a framework (coach, structured training, etc) as I tried to become a fighter pilot (which failed obviously, else i'd be flying in a Rafale rn instead of writing twitter slope).

Now I don't have any coach so I'm figuring out thing by myself.

Below are my learnings with a lot of trial and errors:

- I was doing too many intense workout per week. I started doing crossfit because i wanted to feel again the intensity of sprint sessions i was doing during uni. The intensity of crossfit WOD is pretty high and it's hard to recover well if you doing this type of workout 4x a week. I've stopped doing such crazy loads because it was actually impacting my energy overall.
- If your body does not recover, you wont improve as fast. If you are like me ie someone who does not really know when to stop; more training does not equate better performance. Recovery is part of the training. Especially, passed a certain threshold you increase the chance of injuries which happened to me last december. I could not much training for 2/3 months which basically reset a big part of the gain i had over the past year.
- Professional athletes can do much more intense workout because they spend a lot more time doing recovery, they have physical therapist to help them, they have coaches, etc. This is the part you dont really see on socials. Thinking you can only do the intense part without the recovery one is wrong, so if you cant spend that amount of time on recovery like myself you should do less intense stuff.
- I've realized that gym bros got something right; having muscle it's not just fancy, it makes you healthier, prevent injuries and prepare you for when you'll get old. After 30 you lose 3 to 5% of muscle per decade if you do nothing, 10 to 15 after 50... If you do nothing about it you wont have the strength to move yourself. This is the beginning of the end (really, just look at your grand parents).
- Hence, strength sessions should be part or the training for any sport IMO. It trains the neglected muscle that are actually important to avoid injuries, imbalance, help support your daily life, etc. Dont overlook this.
- Running 2 or 3 times a week + intense workout puts a heavy load on joints if done with intense workouts in //. It's better to reduce to 2 with only one interval training and complement with zone 2 workout using bike, skierg, rower if you still want to maintain a high cardio volume.
- I have a really hard time to listen to what my body tells me. When you're body tells he's tired. LISTEN TO IT. This one is pretty hard for me but it's perhaps the best advice I have.
- Your body does not really make the difference between daily life & job stress and workout stress. Both adds up. This is another reason not to overload you with too much intense workouts.
- If you do want to do it, you'll need to cut stuff for sure: no drinks, no junk food, good and consistent sleep, etc.
- Doing sports is fun, healthy & rewarding. It had helped me a lot keeping a joyful mood every day and staying sain. If you start your day with a workout and a 10/10 event happens that's fine, you at least did something cool!

I've recently adapted my training to:
- 2 strength sessions (lower & upper) -> reinforce strength also i feel this is a type of session i recover very well from
- 1 or 2 hyrox style sessions max (read high intensity workout) -> improves specific movements and training under fatigue
- 1 threshold running -> improves max running perf
- 1 or 2 zone 2 cardio (chill, can be run, bike, row, skierg or a combination of all) -> improves basic endurance
- 1 rest day / mobility -> recovery

Since those changes, I've noticed:
- I have much more energy
- I feel that i'm less likely to hurt myself
- Since doing strength sessions i've notice real improvements in intense workouts as a side effect

PS: those learnings might not apply to you. I dont have children, nor other family responsibility. I've cut a lot of things so i can focus only on Morpho. Sports and readings basically being the only 2 stuff i'm doing outside of it that I think make me a better person.

[Merlin Egalite 🕛 @MerlinEgalite]

@omgcorn haha pls pedal

[Merlin Egalite 🕛 @MerlinEgalite]

Great recap on how the US payment system works.

What we're seeing is the move toward wallet and stablecoin based infrastructure to replace legacy parts of the system.

The natural next step is to use onchain native credit network to provide faster settlement and cheaper rates.

This is where Morpho is gonna play a huge role in this transformation.

[Gap | Suby @gaspardlezin]

https://t.co/rJKaZACpSE

[Merlin Egalite 🕛 @MerlinEgalite]

After a month of launch, there's > $50m of active loans against $PRIME from @Figure.

The demand to borrow against RWA is already there, Midnight is going to bring that to another dimension. 🕛

[Merlin Egalite 🕛 @MerlinEgalite]

APAC market is waiting for one thing only: more Morpho presence.

Join our DeFi Desk killers @maccanomics and @talkintokens to sustain growth there, with @shanandwater on the ground.

[T @0xloth]

Morpho is hiring for a DeFi Desk - APAC, expanding across the pacific the desk held by @maccanomics and @talkintokens

@shanandwater's most recent APAC tour has made clear the untapped opportunity this market represents for Morpho and our strategic decision to double down

👇

[Merlin Egalite 🕛 @MerlinEgalite]

@Dantoshi @Trezor 🔥

[Merlin Egalite 🕛 @MerlinEgalite]

Morpho is now integrated into @Trezor, enabling their 2m+ users to access native stablecoin yield.

Another example of the DeFi Mullet in action: you don't need extensive DeFi experience to use the product, you can just connect through the Trezor interface you already use and have easy access to yield services, powered by Morpho's credit network.

[Morpho 🦋 @Morpho]

Stablecoin Yield in @Trezor Suite, powered by Morpho

Trezor is bringing noncustodial yield curated by @SteakhouseFi to its 2M+ users, adding to existing on/off ramp, swap, and staking services, making Trezor Suite a complete hub for onchain finance.

[Merlin Egalite 🕛 @MerlinEgalite]

click -> open -> star ⭐️

[Morpho 🦋 @Morpho]

The Morpho Midnight code base is now public

https://t.co/mhHwMqClmn

[Merlin Egalite 🕛 @MerlinEgalite]

We just released the Morpho Midnight whitepaper.

Fun fact: back in 2021, Morpho's yellowpaper was pretty much used by the whole core team as our end of year student project to help us pass our exams (ty @MathisGD_ without you we would still be at school)

From a student project, we've come a long way, and the release of Midnight will change everything for onchain lending 🦋

[Morpho 🦋 @Morpho]

The Morpho Midnight Whitepaper

A noncustodial protocol for fixed rate, fixed term credit markets

https://t.co/0Sws6Jjpi8

[Merlin Egalite 🕛 @MerlinEgalite]

@aaronxkong @bryan_johnson 9.30pm at the moment so kinda yes

[Merlin Egalite 🕛 @MerlinEgalite]

Greatest life hack: just travel west.

Congrats now you wake up as early as @bryan_johnson and you feel you own the world.

[Merlin Egalite 🕛 @MerlinEgalite]

my pov:

-> security is cat and mouse game. always has been (check early internet days)
-> security holes were already there, it's just became cheaper to exploit
-> it will become cheaper to fix as well
-> security tools are going to catch up very soon
-> most recent hacks are opsec related not SC related ( @flipdazed pulled the numbers recently)
-> we need to level up on opsec :for sure:
-> we see noncustodiality and risk isolation has 2 key very important design choice to limit hack impacts
-> more LOC = larger attack vector so simplicity is paramount
-> i've never seen a more exciting time to build stuff than today

[Manuel Aráoz @maraoz]

PSA: I now consider *all* of DeFi unsafe.

Coding agents are superhuman at finding vulnerabilities, and smart contract security is too asymmetric: defenders need to fix every bug while attackers need just one exploit to steal funds.