Morpho Association has raised $175M to build the open credit network for the world. Co-led by @paradigm, @a16zcrypto, @RibbitCapital with strategic participation from @apolloglobal, @vaneck_us, @circle_ventures, and @Ledger @Cathayinnov. The round also included participation from @variantfund, @wmt_ventures, @preludexyz, @IOSGVC, @HashKey_Capital, @sbigroup, @Bpifrance, @mirana, @bamazizimesh, NJJ Capital and 10 other strategic partners. The funding will help accelerate Morpho's position as the foundation for onchain credit.

The Morpho Midnight Whitepaper A noncustodial protocol for fixed rate, fixed term credit markets morpho.org/whitepapers/midni…

As a follow up to the recent events involving Kelp DAO, I want to reiterate the following: - Morpho smart contracts are safe and continue to operate as intended. - The exposure was limited with curators taking preemptive measures immediately. - Only ~$1M of ETH is borrowed against rsETH as collateral, across two isolated markets out of thousands. - Of this, only 2 of ~500 Morpho Vaults (with >$10k in deposits) have exposure to these markets, with the final impact dependent on how the situation unfolds. - Every other vault is not exposed thanks to Morpho’s fully isolated market design. Although the direct impact to Morpho was limited, there may still be second order effects due to broader ecosystem exposure. Stay safe.

Morpho V2 = take (or make) intents. Here is a preview of how a curator/LP/edge funds will be able to pick their opportunities

Pro tip: stop juggling generated tokens in GitHub Actions for npm publish. OIDC gives you short-lived creds, no leaks, no secret rotation. It was introduced 1 month ago with GitHub Actions github.blog/changelog/2025-0…

Cooking 🌯

Cloud needed ~15 years to go from “risky” to “default.” On-chain rails are perhaps at year 5-7 of that arc.

After today, we’ll be closer to 2050 than 2000

This is what fuels me every single day:

Git is basically a local blockchain for code: cryptographically linked commits, Merkle trees, and distributed copies

Why do credit cards have expiration dates? It's a painful ux

The biggest challenge in building the Morpho API is to have a dynamic and scalable way to price assets in USD while maintaining a coherent state.

Has anyone already used TimescaleDB to build aggregates on top of an indexer in the DeFi space?

In 2025, I believe an indexing project will rise to prominence, much like Apollo dominates GraphQL today. Right now, there's no 'one-size-fits-all' solution that genuinely covers all needs.

I think we will soon need encrypted chips in our PCs, so we won't even need a hardware wallet anymore.

The best part of Morpho token transferability going live? Clearing out all that dead code from the codebase related to the morpho token edge cases 😁

The biggest technical flaw of books? No Ctrl F support.