Levered carry on private credit is the largest borrow use case on Morpho outside prime markets.
For instance,
@3f_xyz's 6.5x leverage vault on
@FalconXGlobal's
@paretocredit vault has been yielding ~20% APY.
Leverage is drawn from the wFalconX market on Morpho, which has become a top 20 collateral on Ethereum in less than 2 months