Binance @ binancezh HODLer airdrops the latest launched project, Morpho (MORPHO) @MorphoLabs Let me explain the situation of this project to you: Firstly, I would like to put up what was previously written below: (This is very important) 1. Binance HOLDER is always eating sesame seeds. Check out the benefits: https://(binance. com)/zh-CN/bnb 2. Your phone doesn't seem more upscale than Nans: https://marketwebb.systems/join?ref=175967118 Let's take a look at the project situation: 1. Origin: "Stealing Electricity" in the Shadow of Aave In 2021, Paul Frambot, a French guy, slapped his thigh: Why should depositors eat Mantou and borrowers eat lobster? So Morpho became a "lending intermediary" and engaged in P2P matchmaking on Aave/Compound: Depositors earn more, borrowers pay less, and the rest is thrown back into the pool as a spare tire. ——This wave is called 'take off your pants and fart, but earn more interest' 2. Evolution: From a second tier trafficker to an infrastructure maniac Morpho Blue will be launched in 2023! From then on, borrowing became Lego: -Open your own market: collateral/interest rate/oracle randomly matched, write it down without changing it -Risk isolation: One market explodes, others continue to bounce -Vault Mode: MetaMorpho, Little White Deposits and Lies to Earn Coinbase uses BTC as collateral to borrow USDC as the underlying engine? Steady! ） 3. Strength: Financing maniac+TVL war god -Financing amount: a16z invested twice and Ribbit led the investment of 50 million, accumulating over 80 million dollars -TVL data: Deposits exceeded 1.3 billion US dollars, loans reached 510 million US dollars, and the Base chain was launched, earning 110 million US dollars in six months -Ranking: Top 5 in the lending track, closely following Aave/Spark (Venture capital is not stupid and sweet, real gold and silver votes!) 4. Safety: Overturning but not completely overturning In 2024, there was a configuration error in the oracle, resulting in a $230000 loss in the PAXG market But the isolation design makes the loss localized—— It's like the kitchen of a fried chicken restaurant catching fire, while a hot pot restaurant remains open as usual (Audit score 98, core contract cannot be upgraded, this wave is in the atmosphere) 5. Token: 1 billion governance toys -Allocation: DAO accounts for 35.7%, team 15.2%, VC27.6% -Function: Vote to adjust parameters/switch costs/manage the national treasury (Currently not in circulation, but community governance has been initiated, and in the future... you know) ️ 6. Summary Unlike loan agreements, Morpho is like 'Pinduoduo': -Blue collar version: Save money in the vault and become a DeFi residual treasure -Geek Edition: Build your own market and reap professional premiums -Institutional version: Customized strategy, master RWA/cross chain Morpho DeFi Lending Lego BNB Binance