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MORPHO · 2026-10-27 14:55 UTC

Connecting Morpho Vaults to Morpho Midnight

Morpho Vaults V2 will integrate with Morpho Midnight through a new adapter launching Q4 2026, enabling allocation of the ~$5B currently in Morpho Vaults to fixed-rate Midnight markets. The integration allows vault curators to offer fixed-rate yields, configure utilization targets across both Blue and Midnight markets, and set their own terms rather than accepting market-determined rates. The Midnight Adapter includes protections for vault positions including exposure/maturity limits, selling protections, caps on risk parameters, in-kind redemptions, and amortized valuation.

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