Morpho Vaults and their ~$5B in existing liquidity will soon be able to allocate to Morpho Midnight! We're launching the Midnight Adapter, connecting liquidity already deposited in Morpho Vaults to Midnight's fixed-rate, fixed-term markets. For the 1st time, we'll have PMF for onchain fixed-rate lending, with a massive pool of liquidity available to borrowers and lenders. → For borrowers, this means access to deeper liquidity and predictable rates → For curators, it means quoting competitive fixed-rates and combining fixed and variable-rate lending in the same vault → And for depositors this means access to a much wider range of yield options All of this while preserving the noncustodial properties of vaults. The adapter introduces specific accounting and controls around entry rates, maturities, exposure caps, and exits. This opens up access to billions in existing liquidity and will scale fixed-rate lending onchain significantly! Retweeted by @Morpho from @MerlinEgalite