Morpho's Fixed-Rate Lending Protocol Midnight Launching on Base with cbBTC/USDC Market

According to Morpho's official blog, the fixed-rate lending protocol Morpho Midnight is set to launch publicly in the coming days, with its first market on Base featuring cbBTC/USDC pairs and multiple maturity options. The multi-market offers feature will launch simultaneously, enabling users to post quotes across multiple isolated markets.

For the initial rollout, Morpho will limit participation to direct borrowers and lenders, deferring features including Vault adapters, auto-rolling, callbacks, and cross-chain functionality to subsequent weeks or months. The roadmap also includes cross-collateral markets, a secondary market for early position exits, on-chain compliance components (Gates), and programmatic API/SDK access.