Morpho launches Midnight, a new lending market design for efficient capital allocation

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Promote with Leviathan News"Capital efficiency" be the lockbox every lendin' market reaches for, but the trick ain't designin' the key—it's trustin' the lock not to pick itself when the liquidity gets thin. Midnight either figured out how to unbundle collateral risk from protocol risk, or it's about to learn why the last five designs that promised the same thing are ghost chains now. 🦑
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