Mathis

Protocol @Morpho

[Morpho 🦋 @Morpho]

The Morpho Midnight audit competition is now live on @cantinasecurity

https://t.co/SmSK99jGyL

[Morpho 🦋 @Morpho]

The Morpho Midnight Whitepaper

A noncustodial protocol for fixed rate, fixed term credit markets

https://t.co/0Sws6JiRsA

[Mathis @MathisGD_]

repo: https://t.co/9TBQzVdALm

[Mathis @MathisGD_]

After one year in the making, Vaults V2, the first piece of the Morpho V2 stack, are out! Thoroughly designed, verified, and audited, with the help of the best security firms. And it is fully open source!

[Morpho 🦋 @Morpho]

The 1→100 moment for vaults is here.

Morpho Vaults V2 is a new open-source standard designed to power the future of asset curation.

Live now on @ethereum and soon onchain everywhere.

[Mathis @MathisGD_]

Morpho is hiring a Senior Protocol Engineer to help research, design and ship the protocols which will power global open access to capital. Join us on this exciting mission! https://t.co/9AA06Z3siZ

[Mathis @MathisGD_]

@lightclients @haydenzadams @Smartprogrammer what was the rationale for choosing the current solution (setting a new code revokes the previous one) against a revoke mechanism of codes one by one (allowing to delegate to multiple codes at the same time)?

[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.

[Mathis @MathisGD_]

@PaulFrambot https://t.co/chPXvpU1AH here you have the interactive graph (for USDC)

[Mathis @MathisGD_]

@MerlinEgalite https://t.co/G5av3Jxz37

[Mathis @MathisGD_]

hot take in ~1 year, nobody will be paying for flashloans

[Mathis @MathisGD_]

@MorphoLabs https://t.co/KtpJyXxUfT

[Mathis @MathisGD_]

#MoveToMorpho

[Mathis @MathisGD_]

@pr3vert With high incentives though, you can get to negative borrowing costs (like Compound had for a very long time for example), which breaks the "equivalence".

[Mathis @MathisGD_]

@pr3vert And anyway, for reasonable incentives, I'm not sure that it changes that much equilibriums to put them on one side or the other: giving incentives to lenders means cheaper borrowing, and giving incentives to borrowers means more profitable lending.

[Mathis @MathisGD_]

@alcueca yes offchain is better, especially if you want to optimize for the gas cost too

[Mathis @MathisGD_]

@euler_mab @0xTogbe on Morpho Blue you can use markets with tokenised deposits as collateral if you want rehypothecation

[Mathis @MathisGD_]

other example: @optimizoor's Solady is getting its fork https://t.co/4PkCsl4RYa taking advantage of the newest evm changes that will have to be maintained in parallel

[Mathis @MathisGD_]

the evm evolving (push0, tstore, mcopy) feels good but having to also maintain versions compatible with L2s that don't have these changes yet is really annoying...

[Mathis @MathisGD_]

example: blue has been compiled with 0.8.19 for this reason (so doesn't benefit from push0)

[Mathis @MathisGD_]

@cryptosapiens5 agree. "perceived probability of hack"

[Mathis @MathisGD_]

implied security: in an efficient market, you can infer the security of a protocol by comparing its lending rate, for a given economic risk, to a benchmark 'smart-contract-risk-free' rate