Bankless · Wednesday, July 29, 2026
Morpho has released Morpho Midnight, a new infrastructure designed for fixed-rate, fixed-term lending and borrowing. This upgrade aims to bring more traditional finance-like control over interest rates and terms, addressing feedback from institutions seeking predictability.
“So Morpho Midnight is basically the next version of Morpho after Morpho Blue. So Morpho, we're infrastructure that allow people to earn interest on one end and get some financing on the other end. So we give you a stack that allows you to create some lending markets, right?”
“And so basically the combination of those two feedbacks made it obvious that the future of DeFi financing had to move away from the so-called interest rate model that we have today that basically dictates what the rate is going to be to a much more, you know, traditional way, which are zero coupon obligation.”
“So long way of saying more for midnight is like a fixed rate, fixed term, lending and borrowing infrastructure that allows you to build lending and borrowing markets that have a term and has a fixed rate.”