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Crypto lending with Morpho CEO Paul Frambot

Now tracking @0xCoinshift's csUSDL coin on our Stables Dashboard Users can mint csUSDL by swapping USDC via CoWSwap or by converting USDC to wUSDL and depositing into the Morpho vault. csUSDL can be redeemed for wUSDL based on vault liquidity

The Aave DAO has spoken: there will be no new token. The decentralized autonomous organization (DAO) reached a consensus that there is no significant interest in launching a new asset, despite discussions on how a new token could potentially accelerate revenue growth through liquidity bootstrapping. Stani Kulechov, founder of Aave, shared the update in a post on X, making it clear: the team respects the DAO’s decision and will not push forward any initiative that lacks strong community backing. “Overall consensus across the Aave DAO is that there is no interest in other tokens,” Kulechov wrote . The concerns were clear. Analyst Mika Honkasalo raised the issue that AAVE holders might expect future earnings from any new product associated with Aave. He likened the situation to a company issuing new equity for a separate product – a move that can confuse investors about the true value. Kulechov clarified that the proposed Horizon token is not an Aave initiative. Instead, it is a separate project by Avara, which aims to acquire a tech license to use Aave’s infrastructure for part of its business. He acknowledged that there was a gap in expectations but reassured the community that Aave’s focus remains on growing its ecosystem while respecting DAO governance. Related: Aave (AAVE) Price Prediction 2024-2030: Will AAVE Price Hit $500 Soon? While the rejection of a new token is final, Aave remains committed to exploring Real-World Assets (RWAs) as a revenue stream. Kulechov stressed that RWAs are an important area of growth for Aave DAO. As a result, the team will refine its approach based on community feedback. The goal is to find the right way to integrate RWAs into the Aave ecosystem without compromising decentralization or governance principles. Kulechov’s statement highlights that AAVE remains the primary governance and utility token of the ecosystem. “There is only AAVE,” he stated, stressing that the protocol will continue to focus on strengthening its existing token rather than diversifying into new assets. Related: Aave Chain Initiative Founder Faults MakerDAO’s Proposed $1B Allocation Via Morpho Labs This decision reinforces Aave’s commitment to decentralized governance and ensures that any future developments align with the community’s long-term vision. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Decentralized finance protocol Compound is marching ahead with plans to tap into its competitor Morpho with the launch of new lending vaults on Polygon. The new vaults went live on March 13 at 11:30 a.m. Eastern Time. It comes after a governance proposal aimed at bringing Morpho ( MORPHO )-powered vaults to Polygon ( POL ). Gauntlet and Compound ( COMP ) are launching the new lending vaults with $3 million in incentives – $1.5 million each from Compound and Polygon. While this move has already been a major talking point for COMP holders and the broader DeFi community, the announcement signals a significant shift in the decentralized lending space. Essentially, Compound is transitioning from its own technology stack to Morpho’s infrastructure — a major development in the DeFi landscape. Morpho co-founder and CEO Paul Frambot described the development as a “full-circle moment.” “We’ve come full circle with Compound choosing to build on Morpho. Morpho started as an optimizer on top of Compound before evolving into a fully independent lending primitive. Now, Compound is transitioning to build on Morpho,” Frambot noted. In January, Gauntlet introduced the proposal targeting the new lending vaults on Polygon. The platform viewed the collaboration as a strategy to improve risk controls, accelerate asset listings, and offer a sustainable path forward for Compound. Notably, Compound has seen its market share decline as Aave ( AAVE ) and Morpho grow, with Aave’s v4 seen as an upgrade that would further shrink Compound’s revenue and market size. Using Morpho to generate the yield, criticized by others, is a pathway to benefiting COMP holders, per the governance proposal. Compound will leverage Morpho’s lending infrastructure, Gauntlet’s risk management framework, and Polygon PoS’s low fees and deep liquidity to reshape the on-chain lending landscape. Morpho, which raised $50 million in a funding round backed by Coinbase Ventures and a16z in 2024, currently has a total value locked of over $3 billion. The DeFi giant Aave’s TVL per DeFiLlama is over $17 billion and Compound’s is $2.3 billion .

Compound $COMP integrates Morpho tech for new Polygon $POL vaults Decentralized lending protocol Compound has launched new lending vaults on Polygon using Morpho’s technology, with Gauntlet managing risk parameters. According to The Block, the move, approved with 93% support,…