A quick recap of the Morpho ecosystem over the past month 🦋

In early 2025, Seamless migrated a majority of its Earn infrastructure to Morpho Vaults, launching Seamless USDC Vault, Seamless WETH Vault, and Seamless cbBTC Vault.

Today, we're introducing an open-source pre-liquidation factory that enables any application built on Morpho to offer borrowers opt-in loan management features, such as auto-deleverage and auto-close.

April is when 🐛 turns into 🦋.

Morpho enters infrastructure mode with the Morpho Stack—the full suite of Morpho smart contracts—now deployed across multiple new chains including Polygon POS, Arbitrum, Optimism, Scroll, Ink, World Chain, and Fraxtal. This first wave of deployments marks the beginning of Morpho's multichain strategy. Upcoming deployment batches will prioritize chains with confirmed interest from curators and builders.

Today, Coinbase announced the launch of crypto-backed loans, a new onchain integration that allows customers to borrow USDC using their Bitcoin as collateral. We’re proud to see Coinbase integrate Morpho into their app and believe other fintech companies could greatly benefit from integrating with and offering DeFi services to their users.

Today, we're excited to unveil Morpho Prime, a new product vertical catering to curators and advanced users who require specialized functionality beyond the Morpho App.