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Morpho V2 and Collapsing The Cost Of Trust With DeFi

Morpho V2 and Collapsing The Cost Of Trust With DeFi

A peak into next-gen lending infrastructure, from RWAs to institutional-grade fixed rates

DeFi Dad & Nomatic
August 14, 2025

DeFi lending is about to get a major upgrade.

Morpho V2 isn’t just another protocol release, it’s a rethink of how trust, risk, and yield work together to tailor the best experience for us as lenders and borrowers. Coming off their success integrating with Coinbase for BTC-backed loans using Morpho under the hood (the quintessential DeFi mullet), we dig in to ask Paul what could they possible ship next that’s as transformative as Morpho V1. The answer is: a lot!

Bitcoin-backed loans are here.
Borrow USDC against bitcoin, without selling it. Rolling out to US users (ex. NY) starting now. More collateral assets and regions to come. Powered by @MorphoLabs and built on @base.
The future of finance is onchain.
Learn more:
— Coinbase 🛡️ (@coinbase)
2:45 PM • Jan 16, 2025

In this episode, CoFounder and CEO Paul Frambot breaks down how Morpho is collapsing the cost of trust, empowering builders with modular lending infrastructure, and unlocking new opportunities from RWAs to institutional-grade fixed rates.

Paul is one of the few truly independent thinkers in this space, having reimagined onchain loans in a world that had once been mainly focused on p2pool lending (ie Aave). Today, Morpho holds $10B in deposits and over $3.3B in active loans.

If there is anyone we ought to be interviewing in order to understand where DeFi is headed, it’s Paul.

Thanks to our sponsors for making it possible to create and share this content!

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