Morpho Midnight is live, Orderbook lending market. For now, no desire to place orders. It seems like the callback mechanism isn’t supported yet. The whitepaper explains that this mechanism can pull funds from the vault to place orders, and when not executed, the funds still earn yield in the original vault. If this feature goes live, it could attract a lot of capital since it improves capital efficiency. Let’s see if new strategies can be developed in the future. It’s like trading future claims and debts, somewhat similar to Pendle trading future yields.