What we like
Morpho is a lending pool optimizer that is built on top of Aave. It improves the capital efficiency of lending positions by matching lenders and borrowers through a peer-to-peer model.
What we like less
Users are exposed to an extra layer of smart contract risk as they deposit into Morpho's set of smart contracts rather than depositing directly into Aave.
What it means for you
Offers users improved rates for both lending and borrowing while preserving the same liquidity and lending protocol parameters.