Nested is thrilled to announce a partnership with Morpho Labs
With this integration, our users will benefit from higher lending rates on assets supported by Aave or Compound compared to a native integration.
Eg. $CRV lending rate: 2.49% 👻 vs 4.79% 🦋
What is Morpho?
Morpho is a Peer-to-Peer layer on top of lending pools like Compound. Rates are seamlessly improved for suppliers and borrowers while preserving the same liquidity and liquidation parameters. In short, Morpho is an optimized gateway to Compound and Aave.
In lending pools, there is a large spread between the supply and borrow rates. It is currently 3% to borrow on Compound vs 0.3% on $WETH. Morpho-Compound simply matches users at 2.3% with a 100% capital efficiency. If a user needs liquidity, Morpho taps directly into Compound.
With this integration, you will benefit from:
— Higher lending rates on assets supported by Aave or Compound compared to a native integration.
— A part of the accrued interests generated by all copies of your strategy. It will quickly become your favorite passive income
How to learn more about Morpho? You can follow the @MorphoLabs Twitter account, visit their website: http://morpho.xyz to learn more, or start improving your Aave and Compound APY on http://app.morpho.xyz.