Morpho, a decentralized lending protocol, has joined the Ledger Live app, enabling users to access optimized crypto lending and borrowing rates through Ledger’s secure ecosystem.
Morpho is a peer-to-peer layer built “on top of lending pools like Compound or Aave, designed to improve the capital efficiency of positions on lending pools by seamlessly matching lenders and borrowers peer-to-peer.”
With Ledger Live, users “can buy, sell, swap, stake, and lend your digital assets and access an ever-expanding list of apps in the Discover section with your private keys safeguarded on your device.”
Ledger is pleased to announce that you can now access Morpho directly on your Ledger Live app’s Discover section, “with your transactions clear signed and your private keys securely stored in your Ledger device.”
According to Morpho, while Aave and Compound have “grown substantially since launching, the large spread between supply and borrow rates means yields are too low and cost of capital too high.”
Morpho offers an optimized gateway “to DeFi lending by improving supply and borrow rates offered by Aave and Compound.”
Morpho Optimizers are described as “the best place to supply and borrow assets with deep liquidity on Ethereum as they combine peer-to-peer efficiency with the flexibility of lending pools.”
With Morpho, users have access to:
- Good rates: Morpho users experience higher capital utilization and better rates.
- Same liquidity: Built on top of lending pools, Morpho users can access all the liquidity available on Aave or Compound.
- Same risk parameters: Optimizers use the same oracles, collateral factors, and liquidation parameters as the underlying pool.
Paul Frambot, CEO of Morpho Labs, said:
“It’s great to see Morpho directly integrated into the Ledger ecosystem! This enables secure and user-friendly access to the best of decentralized lending.”
Ledger Live, with over 1.5 million active users, “empowers you to buy, sell, swap, stake, and lend your digital assets and explore the Internet of Value with ownership and security. With the Ledger Live app, you can also access an ever-expanding list of DApps in the Discover section, with your private keys automatically safeguarded on your Ledger device.”