A massive shake-up is transforming the DeFi landscape as World App brings crypto lending to over 25 million users through its new Morpho Mini App integration. No seed phrases required. No complicated bridging processes. Just straightforward lending and borrowing for regular humans – not bots.
This isn’t your typical crypto rollout. Morpho’s handling a whopping $4.5 billion in deposits and $2 billion in active loans, making it the largest self-custodial finance deployment for everyday users. The platform supports popular assets like WLD, WETH, USDC.e, and WBTC. And yes, it’s available globally – even to folks in the U.S. Users can now earn or borrow against their assets without having to sell them.
Morpho revolutionizes DeFi with $4.5B in deposits, bringing self-custodial lending to mainstream users through popular crypto assets worldwide.
What makes this different? For starters, it actually works for normal people. The system uses World ID verification to guarantee real humans get the perks – including a share of $5 million in token rewards over the next year. Bots can stay home. The new Worldcoin iris scanning is now available in six major U.S. cities.
The platform’s peer-to-peer matching system pairs lenders with borrowers efficiently, and when direct matches aren’t available, it falls back on established platforms like Aave. Unlike traditional banking, the smart contracts operate continuously to process transactions 24/7 without delays.
Privacy hawks will appreciate that users maintain personal custody of their assets and can permanently delete their iris data. The system’s also making micro-lending feasible through subsidized gas fees – something that’s been a massive barrier in DeFi adoption. Plans are even in the works for a Visa debit card that’ll let users spend their WLD tokens at regular merchants.
The tech behind it is solid. Morpho’s permissionless protocol runs on Ethereum and its Layer 2 ecosystem, with a public allocator that automatically optimizes liquidity across platforms for better returns.
Developers can build custom lending use cases, including novel credit models using World ID verification. It’s a far cry from the typical DeFi experience of juggling private keys and getting gouged on gas fees.
With verified users getting priority access to rewards and gas fee subsidies, it’s clear this system’s built for actual humans – not the army of bots that usually dominate DeFi platforms.
