Romeo Ravagnan

In on-chain lending, we’ve spent years asking: “What’s the collateral, and how risky is it?” But we’ve largely ignored an equally important question: “Who’s the borrower?” With liquid crypto collateral, that’s usually fine. If the borrower mismanages risk, they get liquidated and lenders are (ho

In illiquid markets like RWAs, the borrower’s discipline is your downside protection. For the first time, Morpho lenders and curators can be more discerning about their borrowers through 3F’s permissioned, programmatic borrow markets