ChainCatcher news, Trading Strategy co-founder Mikko Ohtamaa criticized Polygon for using user-bridged USDC deposits for funding markets (such as Morpho), believing this practice poses multiple risks:Undermining the illusion of self-custody: Although the Polygon bridge is controlled by a multi-signature wallet, this operation breaks users' trust in self-custody.Attracting regulatory scrutiny: The movement of billions of dollars could attract significant attention from regulators and the media.Lack of user choice: Currently, users cannot choose whether to participate in this mechanism, resulting in a lack of transparency.Double counting issue: The bridged USDC is used for lending services on Polygon while also being utilized in Morpho on the mainnet.He suggested that Polygon explore more transparent methods, such as launching an independent bridging service that allows users to choose to convert USDC into "Polygon yield-bearing USDC." Additionally, he mentioned that Circle has launched a non-bridged version of USDC on Polygon, but due to its late introduction and incompatibility with the bridged version of USDC, it has not gained widespread adoption.

ChainCatcher news, according to Bitget market data, on December 6th, the leading sectors are VR, SocialFi, and platform tokens, with VEMP increasing by 61.02% in 24 hours, LPT increasing by 30.82% in 24 hours, and FTT increasing by 34.14% in 24 hours.As of the time of writing, the top three cryptocurrencies in real-time growth are XION, OM, and HLG.

ChainCatcher news, Bithumb will list NEIRO, MORPHO, and SUNDOG on the Korean won market.NEIRO is scheduled to start trading on Thursday, December 5th at 06:00 PM (local time)MORPHO is scheduled to start trading on Thursday, December 5th at 06:30 PM (local time)SUNDOG is scheduled to start trading on Thursday, December 5th at 07:00 PM (local time)

ChainCatcher news, according to official sources, Coinbase has announced that it will launch Morpho perpetual contracts on the Coinbase International Exchange and Coinbase Advanced platform. The MORPHO-PERP market will open on December 5, 2024, at 9:30 AM UTC or later.

ChainCatcher news, according to RootData, CHILLGUY has increased by 32.33% in the last 24 hours, currently priced at $0.63. MORPHO has increased by 36.59% in the last 24 hours, currently priced at $1.28.Previous news, Binance contracts will launch MORPHOUSDT and CHILLGUYUSDT 1-75 times USDT perpetual contracts.

ChainCatcher news, according to the official announcement, the Binance futures platform will launch perpetual contracts at the following times, with a maximum leverage of up to 75 times:November 27, 22:30 (UTC+8): MORPHOUSDT perpetual contractNovember 27, 22:45 (UTC+8): CHILLGUYUSDT perpetual contract

ChainCatcher news, according to the official announcement, OKX will officially launch the MORPHOUSDT perpetual contract on the web, App, and API at 6:00 PM (UTC+8) on November 25, 2024, and will launch leveraged trading and simple earning for MORPHO/USDT at 12:00 PM (UTC+8) on November 26, 2024.

ChainCatcher message, according to the popularity index ranking data from the Web3 asset data platform RootData, as of November 22 at 10:05, the top five projects in the Web3 popular projects Top 100 are: Morpho, Side Protocol, DeAgentAI, MemeFi, OpenLayer.Additionally, Deblock has seen the largest ranking increase, rising 908 places overall.It is reported that RootData has launched the first "Web3 Popular Projects Ranking." This popularity ranking helps users capture the real pulse of attention and improve the accuracy of investment decisions through 4.3 million real user behavior data. The ranking is calculated in real-time based on weighted factors such as the frequency of searches by platform users, project click rates, user votes, and the popularity and influence on the X platform.

ChainCatcher message, according to the popularity index ranking data from the Web3 asset data platform RootData, as of November 21 at 10:20, the top five projects in the Web3 popular projects Top 100 are: Morpho, OpenLayer, Usual, Open Loot, and ORA.In addition, Monkey Tilt has seen the largest ranking increase, rising a total of 991 positions.It is reported that RootData has launched the first "Web3 Popular Projects Ranking." This popularity ranking helps users capture the real pulse of attention and improve the accuracy of investment decisions through 4.3 million real user behavior data. The ranking is calculated in real-time based on weighted factors such as search frequency by platform users, project click rates, user votes, and the popularity and influence on the X platform.

ChainCatcher news, according to the official announcement, OKX will soon launch MORPHO (Morpho). Morpho is a decentralized lending protocol that supports over-collateralized lending of crypto assets (ERC20 and ERC4626 tokens) on the Ethereum Virtual Machine (EVM). The specific schedule is as follows:MORPHO deposit opening time: November 20, 2:00 PM (UTC+8)MORPHO auction time period: November 21, 5:00 PM to 6:00 PM (UTC+8)MORPHO/USDT spot trading opening time: November 21, 6:00 PM (UTC+8)MORPHO withdrawal opening time: November 22, 6:00 PM (UTC+8)

ChainCatcher news, DeFi lending protocol Morpho Labs announced that the preparation for MORPHO is complete, and the token transfer function will be enabled on November 21.MORPHO is the governance token of the Morpho protocol. The Morpho DAO (composed of MORPHO holders and delegates) is responsible for managing the Morpho protocol. The governance system uses a weighted voting system, where the number of MORPHO tokens held determines the voting power.

ChainCatcher message, according to data released by the Morpho social media platform X (Twitter), the total deposits of the lending protocol Morpho's core product Morpho Markets have surpassed $2 billion.It is reported that Morpho Markets is a simple, immutable single loan and collateral asset market (corresponding to the original market layer mentioned above), which grants high autonomy to the creators of the lending market. Anyone can deploy an independent lending market by specifying a collateral asset, a loan asset, an interest rate model (IRM), a liquidation loan-to-value (LLTV), and the oracle to be accessed.

ChainCatcher message, regarding "Morpho lost about $230,000 due to oracle configuration errors," Morpho responded in a post on X stating: "The protocol provides permissionless infrastructure, creating an open market for risk curation. While errors may occasionally occur in risk management, the underlying protocol remains secure and resilient. We will continue to equip curators with powerful tools to reduce the likelihood and impact of such occurrences."

ChainCatcher news, Chaos Labs founder Omer tweeted that the PAXG/USDC market on Morpho lost approximately $230,000 due to an oracle configuration error.Specifically, the Oracle SCALE_FACTOR configuration on Morpho failed to account for the difference between USDC (6 decimal places) and PAXG (18 decimal places), which resulted in a 12-digit inflation of the PAXG price, and the security monitoring may have focused on the reference price rather than the calculated oracle price. Ultimately, the attacker deposited $350 worth of PAXG and borrowed $230,000 worth of USDC.

ChainCatcher news, according to The Defiant, the fintech platform SwissBorg, which focuses on cryptocurrency and serves the European market, has announced the launch of a yield-generating USDC Earn product utilizing the Morpho protocol. This new product is now available to users of the SwissBorg app, providing access to a customized Morpho Vault for a Web2 audience.It is reported that the product can access Morpho's WBTC/USDC and wstETH/USDC markets, marking the first use of Morpho's Vaults in a CeFi environment.

ChainCatcher news, according to CoinDesk, Centrifuge has partnered with Morpho and Coinbase to launch an RWA lending market aimed at institutions. This market relies on Coinbase's Layer 2 network Base and the Morpho Vaults system, using three tokenized U.S. Treasury bonds as collateral, including Centrifuge's Anemoy fund, Midas's short-term U.S. Treasury bonds (mTBILL), and Hashnote's U.S. Yield Coin (USYC). This is the first time Ethereum-driven Coinbase validation has been used in the lending market, aiming to provide instant liquidity without the need to redeem U.S. Treasuries.

ChainCatcher news, the DeFi lending protocol Morpho has initiated a community discussion regarding the transferability of the MORPHO token. Morpho stated that since July 15, 2022, the Morpho Association has deployed the MORPHO token as a non-transferable asset.Non-transferability allows the Morpho DAO to develop the Morpho protocol and enables users and contributors who align with Morpho's long-term vision to gain ownership of the network. However, to further advance Morpho's mission of making financial infrastructure a public good, everyone must be able to access ownership and governance of the network. To this end, the MORPHO token must become transferable.According to data from the crypto platform RootData, in August of this year, Morpho completed a $50 million financing round, led by Ribbit Capital, with participation from Hack VC, IOSG, Rockaway, L1D, Mirana, Cherry, Semantic, Fenbushi, Leadblock Bitpanda, and Robot Ventures. The valuation has not been disclosed. Heavyweights participating in the private token sale include a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, and Kraken Ventures.