Interesting post but unfortunately, multiple false/inaccurate claims on Morpho Blue:

> [In Morpho Blue] there is no collateral ‘re-hypothecation’

Re-hypothecation is an essential component to lending in general.
Morpho Blue dont enshrine the complex logic of enabling…

$1bn will be supplied on Morpho Blue by the end of the month. Interestingly, it took 18 months to get $1bn supplied on the first iteration of Morpho.

We are growing 4.5 times faster.

+100m gud

DAI, Ethena, LRTs, LSTs, WBTC, RWAs, ... Glad to see a wide range of use cases developing fast on Morpho Blue across so many different MetaMorpho vaults.

Still a very long way to go but happy with the results in less than 3 months.

😂 indeed, I never liquidated a position, and I am glad I don't have to.

On Morpho Blue, one doesn't need me to stay awake 24/7 to make sure positions are liquidated properly to ensure the platform does not go bankrupt.

Very interesting to see how the rates are slowly equilibrating in the Spark MetaMorpho vault, depending on the risk premiums of each Morpho Blue market (collateral, Liquidation LTVs).

🍿

As always, excellent post from Sébastien Derivaux bringing a bit of rationality to the debates.

Gauntlet is cooking

Had a blast with DavidHoffman.eth/acc🦇🔊 and Dan Elitzer on Bankless!

Chatted about DeFi lending, modularity with aggregated state, and ... focus 🦋.

Recording below 👇

Debt Ceiling to Spark’s Morpho markets being increased ⚡

The upcoming Executive Vote will introduce changes to Spark’s DAI MetaMorpho Vault, aiming to raise its market debt ceiling to 1 billion DAI, with an initial allocation of 600 million DAI.

Here are the proposal…

Maker x Ethena x Morpho, live now!

🤜🦋🤛

See you tomorrow for a chat with Rune & Guy!

There is so much going on this is crazy ...

Glad that Morpho is immutable and externalizes risk management to all the best experts/DAOs in the space so I don't have to do it myself 😜

🤜🦋🤛

Ethena Labs x Maker x Spark x Morpho Labs 🦋