Morpho is a decentralized, non-custodial lending protocol operating on the Ethereum and Base blockchains. It enhances capital efficiency in overcollateralized crypto lending and borrowing by directly matching lenders and borrowers through a peer-to-peer system. This approach offers users improved yields, reduced costs, and greater flexibility.
The protocol is governed by the Morpho DAO, with decisions made by holders of the MORPHO token. The MORPHO token serves as the governance token, enabling holders to vote on protocol changes, deployment of smart contracts, fee structures, and treasury management.
The Philippine Peso (PHP) is the official currency of the Philippines, issued by the Bangko Sentral ng Pilipinas (BSP). The Philippines has a rapidly growing crypto market, with strong adoption of play-to-earn gaming and remittance-focused stablecoins pegged to PHP. Several exchanges provide PHP trading pairs for crypto enthusiasts.
The MORPHO to PHP conversion rate is the amount of PHP you can receive for each unit of MORPHO.
Based on the current rate, you could buy 0.006915 MORPHO for 1 PHP.
The price of MORPHO decreased by 1.00% in the last 7 days.
The circulating supply of MORPHO is 698,796,476.
MORPHO's all-time high is 244.35 PHP.