Morpho: Morpho Blue and MetaMorpho contracts have been deployed to the Goerli testnet

ChainCatcher news, the DeFi lending protocol Morpho announced on social media that the Morpho Blue and MetaMorpho contracts have been deployed to the Goerli testnet, and a new Morpho interface has been released.

Morpho Blue allows the creation of isolated lending markets by specifying any loan asset, any collateral asset, liquidation LTV (LLTV), oracle, and interest rate model. Morpho also introduces an immutable interest rate model (IRM) specifically designed for Morpho Blue called "AdaptiveCurveIRM," which aims to maintain the ratio of borrowed assets to supplied assets (commonly referred to as utilization) close to a target of 90%.

According to the crypto data platform RootData, in July 2022, Morpho completed a $18 million funding round, led by a16z and Variant, with participation from Nascent, Semantic Ventures, Cherry Ventures, Mechanism Capital, Spark Capital, Standard Crypto, Coinbase Ventures, Daedalus, Stake Capital, and others.