Fixed-rate credit is live on Longbow. Borrow against tokenized equities, treasuries and ETH at a rate that does not move and a term that does not change. Your cost is set when the loan opens and it is the same at maturity. Powered by @Morpho Midnight. Five days ago @Coinbase became the first platform to offer Midnight at scale, against bitcoin. Longbow is the first to offer it against tokenized real-world assets, which is exactly the use case Morpho named when they launched it. We built this because institutions asked for it. No treasury can plan against a rate that moves with utilisation. But it is open to everyone, rates are set by offers rather than a curve, so lenders and borrowers price credit directly and anyone can take either side. Launching with six markets. Every variable-rate market we run stays exactly as it is, this runs alongside them. Variable rates were built for traders. Fixed rates are what credit looks like everywhere else.