Morpho Midnight is live. This is our most ambitious step yet, introducing what onchain finance was missing: giving the users the ability to set their rates and terms. Midnight opens up many possibilities for fintechs, institutions, and credit desks alike, offering a level of customization, predictability and control that has never been possible before onchain. This new protocol brings us closer to building the open credit network for the world, and bringing the $200 trillion global credit market onchain. It enables new kinds of markets, which attract new assets and new distributors. Those attract new curators, and new curators bring in even more loans, creating a flywheel that drive onchain credit forward. Let’s fly 🦋