Morpho launches fixed-rate lending protocol Midnight on Base to expand onchain credit markets

60-second summary

Morpho is launching Midnight, a fixed-rate lending protocol on Base, expanding onchain credit markets. This protocol offers fixed rates and terms, complementing Morpho's existing variable-rate lending protocol. With Midnight, borrowers can secure predictable interest rates and repayment schedules. This move is expected to increase onchain lending adoption and provide more options for decentralized finance users, further expanding the Base ecosystem.