Alpha Insights

Modular Lending Legos are Stacking Up
By
Anil Lulla•
About a year ago I wrote about the potential of Modular lending in DeFi and how it would disrupt governance […]

Is Morpho Blue Ready to Shake Up DeFi Lending?
By
Anil Lulla•
Morpho Labs is a lending platform that has gained decent traction from its flagship Morpho Optimizer product. Morpho Optimizer alleviated […]
Morpho Research Reports

Lending / BorrowingModular Lending: The Next Phase of DeFi Money Markets
By
Anil Lulla•
Amidst the fast-evolving landscape of decentralized finance (DeFi), the lending sector has been notably slow-moving due to the prominent design of complex multi-asset lending pools and protocol decisions being driven completely through governance.
In this report, we explore the potential of a new category of modular lending products, unravelling their features, mechanism design and try to understand the implications for a wide variety of DeFi products that can be powered by these primitives.

Money MarketsMorpho Finance: A Pareto-Efficient Lending Optimizer
By
Anil Lulla•
Instead of just P2Pool matching, as with Aave and Compound, Morpho uses a hybrid model. It combines P2P matching with the underlying P2Pool market as a fallback.
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