# Morpho > Open infrastructure for onchain loans A permissionless, non-custodial lending protocol on Ethereum and Base enabling optimized borrowing and lending with customizable risk profiles. Morpho lets users earn interest, borrow assets, and build custom lending solutions. The protocol provides overcollateralized lending with optimized interest rates and cross-chain capabilities. Lenders can utilize Morpho Vaults curated by risk experts, while developers can build custom lending applications using Morpho's infrastructure. - Type: Project - Sector: Finance - Status: Active - Founded: 2021-01-01 - Profile: https://thegrid.id/profiles/morpho_org ## Products - [Morpho Blue Protocol](https://thegrid.id/profiles/morpho_org): Morpho implements algorithmic loan matching through smart contracts to optimize interest rates for lenders and borrowers. The system calculates collateralization requirements and liquidation thresholds while maintaining security through immutable code and formal verification. The protocol processes lending operations through transparent Ethereum and Base deployments, enabling risk-aware capital allocation. (Decentralised Borrowing & Lending, Live, Main Product) - [Morpho Vaults](https://thegrid.id/profiles/morpho_org): Morpho Vaults implements programmable lending strategies using Morpho Markets as the underlying infrastructure. The system automates capital allocation across multiple markets based on risk profiles defined by curators. Vaults support customizable permissions, deposit caps, and risk parameters through ERC-4626 compliant interfaces. (Decentralised Borrowing & Lending, Live) - [Morpho Optimizers](https://thegrid.id/profiles/morpho_org): Morpho Optimizers implements peer-to-peer matching algorithms using existing liquidity pools as fallback. The system matches lenders and borrowers with compatible interest rates while maintaining protocol compatibility. Optimizer contracts redirect excess liquidity to underlying protocols when peer-to-peer matching is insufficient. (Centralised Borrowing & Lending, Live) - [Morpho App](https://thegrid.id/profiles/morpho_org): Morpho App implements a user interface for interacting with Morpho's lending protocols through a web application. The system provides intuitive access to deposit, borrow, and manage positions across multiple markets. The interface displays real-time data on lending rates, collateral ratios, and available liquidity while enabling seamless transactions with Web3 wallet integration. (Decentralised Borrowing & Lending, Live) ## Assets - [Morpho Token (MORPHO)](https://thegrid.id/profiles/morpho_org): MORPHO is the governance token of Morpho, a lending protocol operating on Ethereum and Base. It is used to vote on protocol parameters, risk management decisions, and treasury allocations through stake-weighted voting mechanisms. Token holders can participate in governance to influence how the protocol manages collateralization requirements, liquidation thresholds, and the deployment of capital across lending markets. (Utility) ## Links - [Main](https://morpho.org) - [Blog](https://morpho.mirror.xyz) - [Documentation](https://docs.morpho.org) - [Whitepaper](https://docs.morpho.org/get-started/resources/whitepapers) - [Media Kit/branding](https://brand.morpho.org) - [Discord](https://discord.com/invite/BWXbJMHMdz) - [Farcaster](https://warpcast.com/~/channel/morpho) - [Twitter / X](https://x.com/MorphoLabs) - [GitHub](https://github.com/morpho-org) ## Legal This data is provided under two licensing models. Model 1 - open data. 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