Morpho is the first L2 protocol to start base

• Morpho is the first Layer 2 protocol that is started on the basis of Coinbase.
• Morpho has introduced Metamorpho Vaults and Morpho Markets on Base to improve the return and credit options.
• Paul Frambot, CEO von Morpho, has changed his attitude towards providing base because he sees it as decisive for the growth of Morpho in the defi area.

Morpho, a loan and recording protocol for decentralized finances (Defi) originally established on Ethereum, has reached an important milestone by being launched on Base, a scaling network for Ethereum that was introduced by Coinbase in 2023.

This expansion is a crucial moment for Morpho, since the company wants to benefit from the growing defi ecosystem and want to expand its range of services. This step will change Morpho's development and may position the company as a leading protocol on base.

Morpho opens up the Base

defi ecosystem with this extension

The transition from Morpho to Base is a strategic decision that aims to open up an emerging defi ecosystem.

Despite the initial reluctance of CEO Paul Frambot compared to a second chain, he that the circumstances have changed and this new deployment has been changed is.

This change underlines the dynamic nature of the defi landscape and the adaptation strategy of Morpho to keep the front in a competitive market.

The introduction of Morpho on Base brings with it several innovative functions that improve the user experience and optimize capital use.

One of the main features are Metamorpho Vaults that offer optimized returns through passive lending. Users can achieve returns by depositing assets into these safes, which offers a robust mechanism for reigning.

In addition, Morpho Markets enables its users to take out loans against their deposits. Markets such as CBeth/USDC enable users to borrow USDC stable with CBeth as security. These functions are likely to attract a new wave of users to the platform and further promote their growth.

Morpho's platform on Base could exceed his Ethereum version

The potential that the base platform from Morpho will surpass its Ethereum version next year is considerable.

The broader acceptance of base on the market should advance the user integration, which is of crucial importance for the expansion and success of Morpho.

at the moment, Defillama data shows that Morpho has a totally value locked (TVL) of 1.833 billion US dollars. This is a clear increase compared to the approximately $ 597.76 million at the beginning of the year.

This impressive growth curve underlines the robust performance of Morpho and the increasing trust of the users in his protocol.

The start of Morpho on Base is not only a sign of Morpho's commitment to growth, but also underlines the further development of the defi area. Since Base is experiencing more and more acceptance, the synergy between these platforms could lead to unprecedented growth and innovation in the defi sector.

Due to the strategic expansion of Morpho and the introduction of user-centered functions, the company is able to fully exploit the potential of the base network and thus pave the way for a new era in decentralized finance.