Morpho Overview:
	1.	Modular Lending Protocol:
Morpho has emerged as a modular lending protocol where any project team can create their own lending pool. It has effectively captured most new and trending projects, with its TVL already surpassing Compound. Morpho shows strong potential to challenge AAVE in terms of business by quickly responding to market trends, maintaining low entry barriers for integrations, and offering strong incentives.
	2.	Aggressive Proxy Model for Main App:
The main application adopts a more aggressive proxy model, allowing users to select different yield strategies provided by various asset managers. Its governance mechanism ensures the security of proxies, making it resemble a yield Vault.