Morpho v2: Intent-Based Lending - with CEO Paul Frambot

Morpho co-founder Paul Frambot joins Gelato's Hilmar Orth at ETHCC Cannes for an exclusive deep-dive into Morpho v2. They explore how fixed-rate bonds, cross-chain liquidity unification, and order book mechanics will eliminate the fragmentation plaguing current lending markets. From Morpho's journey as an Aave optimizer to becoming a $7B protocol across 20 chains, discover why the future of lending looks more like trading infrastructure than pooled models. Want to understand where DeFi lending is heading? Watch for insights on curator economics, under-collateralized lending potential, and how everything in finance becomes tokenized trust commitments.

00:00 – Intro at ETHCC Cannes
01:31 – Morpho v0: The Aave Optimizer origins
03:11 – Why immutability matters: Building on changing protocols
04:26 – Morpho v1: From lending product to lending infrastructure
06:41 – Markets, vaults & curators: The core architecture
08:41 – Parallels with Uniswap & spot trading evolution
08:59 – Problems with v1: Chain fragmentation & liquidity bootstrapping
10:40 – Fixed rates: From DeFi speculation to real-world use cases
12:17 – Flexibility constraints & curator differentiation
15:22 – Learning from Uniswap v3/v4 complexity
16:59 – Morpho v2: Fixed-rate bonds meet intent-based lending
18:43 – Intent-based vs pooled models: The zero-to-one change
19:55 – How intents work: Lenders, borrowers & order matching
21:32 – Curator evolution: From risk managers to intent architects
23:44 – Cross-chain liquidity: One intent, multiple chains
25:50 – Callbacks & composability with other protocols
27:37 – Symmetric design: Makers, takers & bond markets
29:00 – Rebalancing loans across stablecoins
30:00 – Under-collateralized lending & credit scores potential
32:00 – Trust as tokenized commitments: The 20-year vision