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Merlin Egalite
@merlinegalite
Why L1s become L2s (check Kydo's article https://x.com/0xkydo/status/1906050837186584983) mirrors why lending protocols switch to Morpho. TLDR Less operational, development & bootstrapping cost. At the same time, Morpho will become the base layer for onchain loans, offering security, efficiency & liquidity as a service. @seamless is a vgood example: they were spending $30k/m + human resources to maintain their Aave v3 fork. Now they're switching to Morpho Stack to cut that cost & focus on what matters. They're joining @sparkdotfi @moonwell Compound Indexcoop etc for those reasons.
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