$DEGEN

DeFi

The wait is officially over.

Morpho is now LIVE on Base.

Earn, borrow, and build on Morpho.

app.morpho.org

husband, father of two sexy girls, crypto community manager, bizniz owner and opinionated conservative. jesus guns girls america 🇺🇸

@wake.bsky.social

Please ELI5 - you put in your DEGEN and they give you cash but then you can get it back by giving back the “loan” and there’s interest I assume?

Photographer in Seattle // neon signs, dogs and pizza  📸 www.samhorine.com 


I can google it - but basically what I’m hearing is the potential risk is:  vaulted asset blasts off and then loan issuer liquidates your position while you keep the money you took upfront. Which would be good for someone with, say, a very large illiquid position to exit partially without using ecosystem for liquidity

Pretty much. With the added risk of $DEGEN volatility.