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Shownotes
Every lending protocol in DeFi quietly decides your interest rate for you. Paul Frambot thinks that was always a workaround and Morpho Midnight is his argument for what replaces it. Fixed-rate lending as the only true primitive, pricing trust on-chain, and the one switch Morpho won't flip yet.
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TIMESTAMPS
What Is Morpho Midnight?
DeFi's Wrong First Shape
The Only Real Primitive
Inside a Midnight Market
Openness Is the Advantage
Order Books and New Curves
Pricing Trust
Stablecoins and What's Next
Who Comes On-Chain Next
Collapsing the Margin
The Bankless Connection
How Big by 2027?
Hester Peirce on Vaults
Who Takes the Liability?
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RESOURCES
Paul Frambot
x.com/PaulFrambot
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