kirk

father, garden appreciator, multichain growth @morpholabs. occasional curmudgeon.

[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

[kirk @OneTrueKirk]

When I joined Morpho, my first question was “what are we building next?”

It’s been a long journey with a lot of work from our incredible protocol team led by @MathisGD_

Excited for it to be growth’s turn to cook 🔜

[Morpho 🦋 @Morpho]

The Morpho Midnight Whitepaper

A noncustodial protocol for fixed rate, fixed term credit markets

https://t.co/0Sws6JiRsA

[Rachel Mayer @0xrachelita]

when I was 20 someone told me if butterflies come around, the land is healthy

a blue butterfly landed on Arc, welcome @Morpho

[Morpho 🦋 @Morpho]

Morpho is now live on @tempo

Tempo handles the payments. Morpho puts idle balances to work.

Enterprises and applications can add onchain yield to their services with the open credit network for the world.

[kirk @OneTrueKirk]

cirBTC + USDC + Morpho + Arc

Recipe for enterprise DeFi adoption

🧑‍🍳

[Morpho 🦋 @Morpho]

Morpho is coming to @arc

Today: $2,500,000,000+ in USDC already earning yield on Morpho.
Soon: the open credit network will power the Economic OS built for the internet-native economy.

[kirk @OneTrueKirk]

> nation state organized hacking business
> powerful but limited artificial intelligence
> megacities + depopulated hinterlands
> mars colonization
> magic internet money

My child self would be surprised and delighted by how cyberpunk the next decades are shaping up to be

[kirk @OneTrueKirk]

When I go to Home Depot with my 3yo daughter (frequent since we are fixing up and improving our old house) I let her pick out a flower to buy. She has only ever picked one kind, the kalanchoe, in many colors, which are slowly filling the house

[kirk @OneTrueKirk]

Great job @david_seroy

No one should be paying a huge premium to borrow against an asset as liquid as BTC.

Trust minimized execution environments + immutable smart contract code will fix this

[Alpen @AlpenLabs]

https://t.co/c6Ojr7pGQ0

[kirk @OneTrueKirk]

Follow this man immediately

[Matt Enslin @EnslinMattUSDC]

👋 I'm finally on here publicly after years in the trenches with many of y'all. Was a blast chatting all things tokenization, USDC, CCTP, commodity/equity perps, and more at HypeFest, put together by @HLglobal.

A testament to the amazing @HyperliquidX community.

[kirk @OneTrueKirk]

I read a lot of fantasy in my youth, most of which has lost its charm. But Tolkien only gets better

[kirk @OneTrueKirk]

What if I told you…

[Jack Longarzo @JackLongarzo]

There is an interesting opportunity to build a lending protocol that is designed to work with moderately illiquid assets like funds or certain types of debt.

Today's successful lending protocols are all only compatible with highly liquid tokens.

[kirk @OneTrueKirk]

Powered by Morpho 🤝

Glad we can support the frens at @yearnfi

[RISE @risechain]

Yearn: Contracts Deployed

Watch it RISE

[kirk @OneTrueKirk]

Birch Hill will bring the institutions

[Birch Hill @BirchHill_io]

Credit is the backbone of the global financial system and it is moving onchain. With RWA supply reaching $20Bn and $300Bn in stablecoins, the opportunity is clear but institutions still lack the infrastructure.

This is what @birchhill_io was built to fix.

Thank you to - @paraficapital, @CastleIslandVC, @Nascent, @FalconXGlobal, Coin Operated Group, The Operating Group, @PolarisFund, @EV3ventures, JST Digital, @Flowdesk_co, @Joshua_Frank_, @Enzo_GTE, @Naman_Kapasi and others

[kirk @OneTrueKirk]

@nwilliams030 Corston is good (if you like antique brass especially)

[kirk @OneTrueKirk]

There is no design solution that can ensure good protocol governance

[kirk @OneTrueKirk]

The @SteakhouseFi AUSD Morpho vault on @monad looking juicy today

[kirk @OneTrueKirk]

Good Monad.

Keep an eye on @withAUSD here 👀

[Morpho 🦋 @Morpho]

gmonad

Lending on @monad is now powered by Morpho

With 750K $MON in week-one incentives for $AUSD & $USDC lenders

[kirk @OneTrueKirk]

Since I started at Morpho, have watched BTC go from <20% of total collateral value, to over 50%.

Reflects a maturation of the Morpho ecosystem and shift away from shorter term farming trades (restaking, PT looping) towards sustainable organic demand

[kirk @OneTrueKirk]

Incredible day for American DeFi builders. Lays to rest doubts about the vision and alignment of @Uniswap — after an extended period of oppression under the Gensler regime, must be a bit relief to be able to go “all in” on UNI.

[Hayden Adams 🦄 @haydenzadams]

Today, I’m incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethk

This proposal turns on protocol fees and aligns incentives across the Uniswap ecosystem

Uniswap has been my passion and singular focus for the past 8 years. What started as a small side project is now global financial infrastructure powering thousands of applications with ~$1.8 trillion in annual trading

UNI launched in 2020, but for the past 5 years Labs has been unable to meaningfully participate in Uniswap governance, and has been greatly restricted in the ways it can build value for the Uniswap community. That ends today!

This restriction was in great part due to a hostile regulatory environment that cost thousands of hours and tens of millions in legal fees. Fortunately, the regulatory environment has shifted

This proposal comes from a strong desire to see the Uniswap protocol win as the global decentralized exchange for tokenized value

At a high level, the proposal:
1. Turns on protocol fees and uses them to burn UNI

2. Sends @unichain sequencer fees to the UNI burn

3. Burns 100M UNI from the treasury representing the protocol fees that could have been burned if fees were turned on at token launch

4. Introduces Protocol Fee Discount Auctions, a new way to improve LP outcomes and internalize MEV to the protocol

5. Introduces "aggregator hooks” which will turns Uniswap v4 into an onchain aggregator that collects protocol fees on external liquidity sources

6. Focus Labs on driving protocol growth and adoption, including a contractual agreement to only pursue initiatives that align with Uniswap governance interests

^ As part of this, Labs will stop collecting fees on its interface, wallet, and API to supercharge distribution and adoption of the Uniswap protocol

7. Moves Foundation employees to Labs with a shared goal of accelerating protocol growth, under a growth fund from the treasury

8. Move governance-owned Unisocks liquidity to v4 on Unichain and burn the LP position

I believe Uniswap protocol can be the primary place tokens are traded. This proposal sets the stage for the next decade of its growth

@Uniswap will ship relentlessly over the coming years and supercharge the ecosystem of developers, LPs, and traders building on top

I'm so grateful to the community that has made this all possible, and excited for what's next

🦄

[kirk @OneTrueKirk]

Imo payments blockchains should be analogized to Visa and Mastercard themselves — there won’t be one that monopolizes the entire market, long term more likely to see about three contending for the top spot

[Omid Malekan @malekanoms]

Guess this means Mastercard won't be joining Tempo and will instead launch its own "neutral" blockchain for payments? If so then Amex and Discover are going to need neutral corporate chains, too.