Morpho CEO Paul Frambot has announced that Morpho Midnight, the protocol's fixed-rate, fixed-term lending platform, will launch publicly "in the coming days" after months in beta. The system allows lenders and borrowers to trade towards market-set fixed rates with real maturity dates, addressing a duration dimension largely absent in DeFi. The initial launch will feature a single cbBTC/USDC market on Base across multiple maturities, currently Morpho Blue's largest market. The rollout excludes vault adapters, auto-rolling, and crosschain support initially, limiting participation to direct lenders and borrowers during live stress-testing. A flagship "multi-market offers" feature will enable liquidity providers to quote across multiple isolated markets simultaneously without capital fragmentation. Future phases will add vault adapters, additional chains and collateral types, auto-rolling for treasuries, and compliance gates. Frambot positioned Midnight as DeFi's third wave of onchain lending, potentially establishing a native yield curve for institutional credit structures.

Morpho, an open blockchain-based credit network, will power Robinhood's new Earn product, enabling millions of eligible US users to earn yield through a self-custody wallet within the Robinhood app. The product will roll out progressively over the coming weeks. Robinhood Earn provides risk-adjusted yield on idle balances using USDG, a dollar-pegged stablecoin. Morpho serves as the underlying credit network, whilst Steakhouse Financial curates the vault infrastructure and Robinhood Chain acts as the settlement layer. USDG is deposited into a Morpho Vault and allocated across markets where borrowers provide collateral from protocols including Spark, Ethena and Maple. The announcement follows Morpho's recent $175 million funding round, bringing total funds raised to over $250 million. Morpho currently has over $11 billion in deposits.

BitGo is expanding institutional access to decentralised finance through a new DeFi vault offering developed with third-party infrastructure providers and risk managers. Launch partners include Morpho, a decentralised lending infrastructure protocol. The offering will enable eligible institutional clients to access third-party vaults and predefined onchain strategies through specialised partners. Independent risk managers will set strategy and risk parameters, whilst infrastructure providers supply the underlying vault architecture and onchain execution systems. Vault participation and custody of vault receipt tokens will be integrated with BitGo Bank & Trust, the company's OCC-chartered national trust bank. When client assets are transferred to third-party vaults, they deploy outside BitGo's custody environment, whilst the bank supports custody of corresponding vault receipt tokens. BitGo plans to expand the offering with additional providers and protocol integrations over time.