How to Deposit on Morpho
Morpho is an optimized lending protocol that matches lenders and borrowers peer-to-peer for better rates than pool-based protocols like Aave or Compound.
How Morpho Works
Traditional lending pools average all rates. Morpho matches individual lenders with borrowers for optimal rates, with pool as fallback.
Rate Improvement:| Protocol | Supply APY | Borrow APY |
|---|---|---|
| . . . . . | . . . . . . | . . . . . . |
| Aave Pool | 3% | 5% |
| Morpho Matched | 4% | 4% |
| Improvement | +33% | -20% |
Morpho Products
- Morpho Aave: Built on Aave liquidity
- Morpho Compound: Built on Compound
- Morpho Blue: New modular lending
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Step-by-Step Instructions
1
Go to Morpho
Visit app.morpho.org and connect your wallet.
Tips
- ✓Morpho Aave vs Compound vs Blue
- ✓Blue is newest and most flexible
2
Choose Market
Select which asset to supply. Compare rates across markets.
Tips
- ✓Check P2P matching rate
- ✓Higher matched % = better rate
3
Review Rates
Compare Morpho rate vs underlying protocol. See potential improvement.
Tips
- ✓P2P rate shown when matched
- ✓Pool rate as fallback
4
Enter Amount
Enter how much to supply. No minimum deposit.
Tips
- ✓Can supply any amount
- ✓Check gas cost vs deposit size
5
Approve and Supply
Approve token spending, then confirm supply transaction.
Tips
- ✓One-time approval per token
- ✓Gas varies with network conditions
6
Monitor Position
Check your position for P2P matching status and rate.
Tips
- ✓Matching happens automatically
- ✓Rates may change over time