Morpho (MORPHO): the “lending backend” that’s trying to become DeFi’s universal credit layer
If Aave is the big public bank of DeFi (a single, widely shared venue with standardised rules), Morpho is closer to a lending network — a set of primitives that lets anyone spin up tightly-defined lending markets, then route capital through curated vaults and third-party apps without Morpho needing to “own” the front end. That…