It's crucial to understand that Morpho isn't just a competitor to Aave or Compound; it's a completely new layer of DeFi infrastructure built on top of them. The beauty is that it leverages the hundreds of millions in TVL and the battle-tested smart contract security of those base protocols. By optimizing the rate spread through P2P matching while inheriting the established liquidation mechanisms, Morpho offers superior capital efficiency without introducing new, material counterparty or liquidation risc. This is the next logical step in decentralized finance evolution making the existing system perform better for the end user.

#DeFiInfrastructure #morpho $MORPHO @Morpho Labs 🦋