The Snapshot vote for allocating MORPHO to the @CreditGuild GUILD holders has passed. Thank you to those who voted, and to the GUILD holders to participating in the effort to bootstrap a novel oracle-free lending primitive. I hope you can continue to journey with me as Morpho innovates on governance and lending market design Now that Snapshot has passed, the first distribution will occur soon, once the new MORPHO token is available, stay tuned for updates 🫡

The @CreditGuild acqui-hire proposal is now live on the @MorphoLabs Snapshot (a bit belated with everything that's been going on re:transferability). This proposal is part of my commitment to shut down the Credit Guild and become a full time contributor to the Morpho Protocol, leading the design and implementation of decentralized governance and other topics. The tokens allocated will be distributed to the GUILD holders, a community of active lenders focused on innovative market designs. Please vote 🙇‍♂️ snapshot.org/#/morpho.eth/pr…

The @CreditGuild has a few new markets for your consideration, available for deposits with the first collateral assets going live this Thursday. @AngleProtocol stUSD @LidoFinance wstETH In both cases, using a yield bearing asset as the borrow denomination means lenders earn even on idle reserves, creating a more efficient experience. As these pools mature, we hope to see them result in a better deal for borrowers as well, since the idle reserve yield can allow slightly cheaper borrow rates while still producing a higher net yield for lenders than using non-yielding assets like USDC and ETH to lend. You can participate in bootstrapping these pools at a low opportunity cost, earning the full yield of the deposit asset while you wait for the first borrowers to arrive. The Credit Guild does not take any fee on the asset's native yield, only on what is paid by borrowers. @reserveprotocol eUSD. One of our goals for the Credit Guild is to become the go-to protocol for lending and borrowing emerging stablecoins on L2 (for now, only on @arbitrum, Soon™️ on @base ), so we're excited to share that Reserve will be coincentivizing the eUSD pool (as well as the use of ETH+ collateral in the ETH pool). eUSD's yield derives from L1 DeFi (sDAI, Aave USDC, Compound USDC/USDT)

On Thursday of this week, a large batch of lending terms will go live using the @CreditGuild’s new adjustable (via optimistic governance) rate model. We will be deprecating all usage of the old fixed rate model. Terms with active borrows will NOT be offboarded immediately, this will initially affect only terms with no utilization. All new lending terms will use the new model. Planned before to have these live Monday, but we needed a bit more time to have UI support ready for term creation using the new model. Terms will be proposed Monday and go live on Thursday. Some things to look out for: @pendle_fi @Dolomite_io principal token collateral in USDC, OD, DOLA, stUSD, and eUSD markets, @GMX_IO GLP PT collateral in the markets above as well as WETH and wstETH markets New adjustable rate terms for liquid staking tokens in all markets to ensure interest rate can track staking yield In another week or so, incentivized LP token collateral in multiple pools

Recent increases in utilization mean GUILD rewards and pending interest ⬆️ for the @CreditGuild USDC pool. Since GUILD rewards are utilization based, this pool now has the highest reward rate. You know what to do

If you’re farming in stables on @arbitrum, consider the @CreditGuild DOLA pool. Currently in bootstrapping mode, a large batch of collaterals will be added next week now that our new interest rate model is live, including incentivized LP collateral If you’re already holding DOLA on mainnet, take advantage of low gas fees to make the migration to L2

Hard to beat earning stablecoin rewards for lending stablecoins oracle free on L2 @CreditGuild Our new variable rate lending term model is coming out this week (in depth explanation of this in the next tweet), large batch of collateral asset onboarding to follow in all pools

Excited to be speaking and moderating at @stable_summit in Brussels this weekend. I’ve now shaved off the Charles Hoskinson beard pictured below. Instead, keep an eye out for my Ted Lasso mustache. The Hawaiian shirt stays on. Always happy to talk shop!