Morpho is a peer-to-peer layer built on top of lending pools such as Compound and Aave. Rates are seamlessly improved for both suppliers and borrowers while preserving the same liquidity and liquidation guarantees.
Morpho is a lending pool optimizer, it improves the capital efficiency of positions on lending pools by seamlessly matching lenders and borrowers peer-to-peer. As such, Morpho enhances users' rates while preserving the same user experience, the same liquidity and the same parameters as the protocol.
This means that one interacts with Morpho-Compound the same way one would use Compound, with the same billions of dollars available to be borrowed/withdrawn and the same collateral factors, oracles, close factors... The only difference for a user is that Morpho provides improved rates for both borrowers and lenders.
To establish Morpho as a community-owned public good, the Morpho Association needs to decentralize the protocol it has launched.
