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Morpho Midnight launches fixed-rate DeFi lending with capped fees and pooled liquidity for predictable borrowing costs.

Protocol Fundamentals
07 Jun 2026
Blockonomi
View Source
Bullish
pluang ai news

Morpho Midnight is a new DeFi lending protocol offering fixed-rate loans with set maturity dates, replacing traditional floating-rate models. It pools liquidity across markets sharing the same end date to prevent fragmentation and allows lenders to keep capital productive by simultaneously backing fixed offers and floating markets. The protocol features capped fees—50 bps settlement and 1% lender fees annually—and precise liquidation rules to minimize risk. This innovation targets institutional borrowers seeking predictable costs and aims to bring DeFi credit markets closer to traditional fixed-income structures.

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