Morpho expands fixed-rate Midnight market to Ethereum

Decentralized lending protocol Morpho has deployed its fixed-term, fixed-rate lending protocol, Midnight, on the Ethereum network, expanding from its initial launch on Base. Users can now access USDC loans collateralized by WBTC or cbBTC. Unlike Morpho Blue, which features variable interest rates, Midnight offers fixed-rate lending where borrowers and lenders can lock in costs and returns.