kugusha.eth 🦋
@kugusha
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growth @Morpho | consistently curious
Paris
Joined January 2018
joining @MorphoLabs was the single best decision i made this year. 2025 will be fucking amazing 🦋
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JUST IN: You can now borrow up to $5 million against your #Bitcoin without selling it on Coinbase.
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The hardest part about being bearish is that the most cringe folks are also bearish. Cursed position to be in.
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The new chapter loading... ███████▒▒▒ 70%
Morpho Vaults v2 have VERY cool features: - Users can force withdraw underlying positions even if no liquidity available - Adapters work w any contract, not just Morpho markets - Vaults w "guardians", can turn all operations into a DAO - Timelocks set per function signature
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Today we are excited to announce that we are promoting Guy Wuollet (@guywuolletjr) to General Partner. We first met Guy in 2018 while he was studying computer science at Stanford, where he also rowed varsity crew. He initially joined the firm as an intern working on the
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restoring the peace of mind after reading all the nonsense on CT the past week
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i agree with a lot of what stani says here in principle, but i have to call out that this post misrepresents how aave operates in practice aave is not an isolated lending market in the way people typically understand this term- while it is isolated from other curators, with
Some misconceptions and paradoxes in DeFi lending: Lending is based on trust. This is the self-evident truth on which banking is built. Losing trust means losing capital, and that can cause bank runs or systemic collapses. The way to preserve trust is to create a system that is
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Modular markets: share liquidity risk (partially) but NOT solvency risk Monolithic markets: share liquidity AND solvency risk No, @MorphoLabs didn't froze at all as I look at actual data and not CT vibes. If it have been monolithic markets it would have, but here even affected
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There are still misconceptions of how isolation is intended to work. Isolation limits risks to a single market, but isolated markets ≠ isolated systems. Let’s look at a simplified example. Picture this: 2 “high-yield” vaults and 2 “prime” vaults are allocated across several
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@0xngmi Yeah, so this platform isn't great for nuance, but obviously there are strengths and weaknesses to both modular and monolithic lending approaches. What I was trying to claim here, though, is that the modular lending approach is the right long-term approach for scaling beyond
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Credora Risk Ratings by @redstone_defi are returning to Morpho. Curators can now opt in to independent risk ratings from Credora to help surface vault risks and provide users with additional insights to make informed decisions. Learn more ⬇️
Risk-aware DeFi starts now. Credora by RedStone launches on @MorphoLabs and @sparkdotfi, bringing live, automated risk scores to the heart of DeFi: lending markets. As capital flows onchain, only risk-aware data can power what’s next 🧵
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A vault is comparable to an onchain fund, and just like traditional funds, some will perform well and others won't, but this is what we must accept and mitigate if we want to build a truly open and decentralized system. The fact that only 1 out of ~320 vaults on the Morpho App
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i am bulled the fuck up on defi been jaded way too long when it was right in front of me this whole time we are actually globalizing the financial system in real time and scaling it for all internet native humans and all the online species that will come after.
i am bulled the fuck up on defi been jaded way too long when it was right in front of me this whole time we are actually globalizing the financial system in real time and scaling it for all internet native humans and all the online species that will come after.
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Had a huge smile on my face when I saw this text from a friend
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im thrilled to announce im now head of engineering @MorphoLabs 🦋 ive spent most the last 7 years in defi (fun fact - my first startup was built on @compoundfinance) and im as bullish on morpho as i am @Uniswap. why morpho is inevitable and what i’ll be focused on 🧵
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"as the world enters into resonance" @aurecevettier if we ever have a collection of @MorphoLabs, I know the first acquisition 🦋 presented by @DarmoArt
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Morpho Bingo Card:
Mark those words: Institutions are coming onchain and they'll use Morpho as a universal backend to connect them all. Recommend reading the state of crypto from @a16zcrypto.
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