Morpho launches Morpho Prime for curators and advanced users

The team behind the decentralized lending protocol Morpho has launched an enterprise-focused product called Morpho Prime, designed for curators and advanced users.

Morpho Prime allows professional users to create lending and borrowing opportunities that will eventually become available to end users, according to a release shared with The Block. It includes a curator app, which provides tools such as market listing, role management and rebalancing, as well as a rewards app for those who want to create a custom rewards program.

Morpho defines curators as "independent, third-party risk experts" who create Morpho Vaults — smart contract-based pools where users can deposit assets and earn yield — according to the protocol’s website.

"For years our industry has tried to measure success by 'crypto apps,' but to us, infrastructure is the real product," Morpho Labs Co-Founder and CEO Paul Frambot told The Block in an email. "Morpho Prime is designed to lean into crypto's fundamental value as infrastructure, empowering enterprises to build on DeFi rails and bring these benefits directly to billions of consumers."

Earlier this year, Coinbase deployed bitcoin-backed, blockchain-based loans using Morpho. The protocol is built on Ethereum and the Coinbase-affiliated Layer 2 network Base.

Morpho Labs, the firm developing Morpho, raised $18 million in 2022, followed by another undisclosed funding round led by Pantera Capital in February 2024, The Block previously reported.

Morpho maintains nearly $3 billion in total value locked, according to the crypto data tracker DeFiLlama. The lending protocol Morpho Blue has $2.09 billion in TVL, The Block's Data Dashboard shows. 

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