Morpho said in a post that Morpho Midnight is launching publicly in the coming days, starting with a cbBTC/USDC fixed-rate, fixed-term lending market on Base with multiple maturities.
The announced rollout puts Morpho's fixed-rate, fixed-term lending product live on mainnet, which expands the protocol from existing lending activity into a new structure with preset terms and rates. Starting with a single cbBTC/USDC market on Base makes the first operational change clear and narrow, rather than a broad launch across many assets or chains.
That staged approach tempers the immediate scope. The vault adapter, cross-chain support, and auto-rolling are planned to follow, so the initial release shows availability first, while broader adoption and protocol-wide effects depend on later feature delivery and actual use of the first market.
Morpho Midnight, our most ambitious release ever, is launching in a few days.
Here is what to expect 👇