Streams straight from the publisher. podnod never proxies or re-hosts episode audio.
Every lending protocol in DeFi quietly decides your interest rate for you. Paul Frambot thinks that was always a workaround and Morpho Midnight is his argument for what replaces it. Fixed-rate lending as the only true primitive, pricing trust on-chain, and the one switch Morpho won't flip yet.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near-pod
📊BITGET | TOKENIZED STOCKS 2.0
https://bankless.cc/bitget-stocks
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODES
https://bankless.cc/spotify-premium
---
TIMESTAMPS
0:00 What Is Morpho Midnight?
1:59 DeFi's Wrong First Shape
7:18 The Only Real Primitive
14:47 Inside a Midnight Market
20:49 Openness Is the Advantage
22:52 Order Books and New Curves
30:01 Pricing Trust
35:40 Stablecoins and What's Next
37:13 Who Comes On-Chain Next
42:18 Collapsing the Margin
44:50 The Bankless Connection
47:57 How Big by 2027?
51:59 Hester Peirce on Vaults
55:49 Who Takes the Liability?
---
RESOURCES
Paul Frambot
https://x.com/PaulFrambot
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
https://bankless.cc/spotify-premium
bankless.cchttps://bankless.cc/near-pod
bankless.cchttps://bankless.cc/bitget-stocks
bankless.cchttps://thedefireport.io/bankless
thedefireport.iohttps://www.bankless.com/disclosures
bankless.com