Co-founder & CEO @MorphoLabs. Making financial infrastructure a public good.
Jan 16 • 6 tweets • 2 min read
Coinbase launches crypto-backed loans powered by Morpho in its main app!
This is the largest-scale DeFi integration ever, with far-reaching implications for the future of DeFi, Crypto, and the entire financial industry.
👇
1/ Crypto-backed loans on Coinbase, powered by Morpho.
Borrow USD with Bitcoin collateral, directly within the Coinbase main app.
Feels like a web2 product (no gas/chain/wallet) but with the full power of onchain infrastructure (liquidity, efficiency, collateral guarantees)
Oct 4, 2022 • 7 tweets • 2 min read
How token incentives can actually slow down DeFi ecosystem growth
🧵
I never read long threads so I’ll be quick:
1/ Too much focus on token design rather than mechanism design. 2/ Incentives conceal actual innovation. 3/ Some mechanisms weirdly rely on incentives. 4/ What can we do about it?