Chief Class Officer @Morpho | consistently curious
Joined January 2018
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stay safe out there. wild times
A difficult day for the industry. Thinking of everyone affected and the teams working around the clock.
For onchain credit, moments like these are a reminder of why market structure matters, especially how risk is managed, shaped and contained.
Morpho was intentionally built this way:
- Markets are isolated. You choose which markets you're exposed to, and a problem in one market doesn't spread to the others.
- Collateral isn't rehypothecated for everyone, it is a choice.
- Counterparty exposure (eg sanctioned entity) can be controlled. Optional permissionning, like on Midnight or Vaults, lets participants define who can lend and borrow.
None of this eliminates risk entirely. Individual markets can still see liquidity constraints and rate volatility over the coming days as DeFi absorbs the shock. But these design choices are meant to prevent systemic risk and limit contagion in moments like this.
As more of finance moves onchain, thoughtful market structure will be fundamental to a more resilient financial system, especially if we want to be trusted by the world's largest players.
kugusha.eth 🦋 retweeted
Tether froze more than 1.567B USDT related to a potential Binance exchange hack.
Protecting the industry and our partners is our main priority.
Stay safe everyone.
DAS London shaping to be a busy one. Thursday is for @wirexapp 🦋
Eight more names join the Full Stack London speaker lineup.
Taking the stage on 12 November:
→ @CWALK_19, Founder and CEO at @creditcoop_xyz
→ Alex Dunn, Director, Growth Products at @Visa
→ Jason Goldberg, Chief Revenue Officer at @i2cinc
→ @kugusha, GTM at @Morpho
→ Soledad Contreras, Head of Partnerships for EMEA & APAC at @CoinDesk
→ @FlaviaKenyon, Barrister at 33 Chambers
→ @Alex__Radu, Founder & CEO of @PulsarMoneyApp
→ Will Harborne, CEO at @rhinofi
They’ll examine how cards and stablecoins work together, what supports onchain credit and yield, and who carries responsibility when AI agents transact.
Professional and Institutional investors, speak soon at the DAS London week 🦋
Speaking at session two of the Frontier Capital Summit on 9 November:
Darren Camas (@DarrenCamas), @ipor_io
Alexandra Kugusheva (@kugusha), @Morpho
Ethan Luc (@consensus128), @upshift_fi
Anthony Fernandez, @kamino
Moderated by Alex McFarlane (@flipdazed), @KeyringNetwork. laserdigital.com/frontier-ca…
Professional and institutional investors only. Capital at risk. laserdigital.com/marketing-d…
premium yield, freshly served. powered by yours truly @Morpho 🦋
¿Y si tus stablecoins pudieran más? 👀
Te presentamos #Bóvedas: hasta 10% en MXNB y hasta 5% en USDC.
Descubre de lo que tu dinero es capaz con Bóvedas en Bitso.
Bóvedas: impulsadas por @Morpho, en @base y curadas por @gauntlet_xyz.
stocks stocks stocks stocks stocks stocks stocks stocks stocks stocks stocks stocks stocks stocks stocks stocks stocks stocks stocks stocks
on @Morpho 🦋
Robinhood Stock Tokens can now serve as collateral on Morpho: a new use case beyond trading.
Robinhood Chain brings the rails, Morpho brings their credit layer, enabling holders to borrow against their Stock Tokens.
Any eligible wallet can plug in and any app can tap into these markets, unlocking a new building block for open lending and borrowing — and a new way to put Stock Tokens to work onchain.
Onchain credit has mostly meant crypto collateral. Receivables open it up to the cash flows real businesses generate every day.
Another step toward the $200T credit market. On @Morpho Midnight - soon™️
Crypto-backed loans, powered by yours truly @Morpho 🦋
Crypto Loan via @Ledger Wallet™, powered by Morpho
Ledger users can now borrow against wrapped BTC, all within self-custody.
Morpho is Ledger's infrastructure of choice to become an all-in-one platform for digital assets: first with Stablecoin Earn, and now Crypto Loan.
Uptober, right?
$500M+ in deposits and counting—making Robinhood Earn’s vault the largest on @Morpho.
Robinhood Earn is bringing DeFi yield to eligible users through self-custodial onchain lending built right into the app.
Learn more: rbnhd.co/RobinhoodEarn
kugusha.eth 🦋 retweeted
Euro stablecoins just crossed $900M in market cap
$243M is already deposited into DeFi, led by $158M on Morpho
kugusha.eth 🦋 retweeted
You can copy the code. You can’t copy the network of lenders, borrowers, and companies building on it.
Morpho continues to show the power of open credit networks.
I’ve been asked a lot what it’s like to partner with both Coinbase and Robinhood when they compete so fiercely.
The answer comes down to Morpho’s fundamental purpose: connecting.
Morpho is an open credit network designed to connect lenders and borrowers across any boundary (social, geographic, political, …). More borrowers create more demand for capital. More lenders create more competition to fund borrowers. Over time, that means deeper liquidity and better terms for everyone using the Morpho network.
Competitors sharing infrastructure isn’t unique to Morpho. Banks compete fiercely for customers while relying on shared payment networks like Visa. Tech companies compete while building on the same internet protocols like HTTP. Credit should work the same way: it works better when you are maximally connected.
Our ambition is to bring as much of the world's credit onto one shared network as possible. If you’re building on Morpho, expect us to keep connecting new companies, new markets, new ecosystems, including the ones you compete with, because this is what will make your financial products stronger!