@gempal.base.eth
Morpho is a decentralized lending protocol that enhances existing DeFi markets such as Aave and Compound. It works by creating a peer-to-peer layer on top of these protocols, optimizing capital efficiency, interest rates, and user experience. By matching lenders and borrowers directly whenever possible, Morpho enables borrowers to access lower rates and lenders to earn higher yields, while still falling back to the underlying protocol for liquidity and security.