What Is Morpho?

Morpho is a crypto lending platform where lenders supply tokens and borrowers obtain loans against collateral, assets pledged to secure repayment. Its variable-rate markets pair one loan asset with one collateral asset, with separate borrowing limits and price feeds for each market. Borrowers pay interest that can change, and insufficient collateral can trigger liquidation, a forced sale to repay lenders.

An isolated market keeps its loan accounting separate from other markets; this does not remove risks from shared assets, price feeds or software. See Morpho’s variable-rate market documentation.