💸 Morpho V2 erases the line between DeFi and banks
💲 In the new version of the protocol, there are many changes in crypto-lending that bring the entire system closer to traditional bank lending.
Key differences from older protocols:
🟢 Now the loan format is P2P, not a pool;
🟢 You can lock in a specific rate and term;
🟢 Many collateral options, you can even pledge a car if it's tokenized;
🟢 Ability to include mandatory KYC/whitelist;
🟢 Off-chain matching of lender and borrower.
🔠 In fact, the entire format of DeFi lending has been restructured:
If you want to take 2.$ETH as collateral for 3 lame Indians with a fixed interest rate and term, the system searches for a lender for you, and someone agrees to it. It results in a win+win without any pools. 🍿
