Introduction

MORE Markets is a decentralized lending and borrowing primitive on the Ethereum Virtual Machine. The protocol extends the functionality of Morpho and provides for a trustless and autonomous foundational layer for overcollateralized markets, while enabling more flexibility in loan terms for a select group of high net worth and institutional borrowers.

Decentralized lending and borrowing of crypto assets is largely designed in isolation from traditional finance in order to preserve anonymity and ensure transparency through trustless smart contract execution. MORE Markets adheres to this standard, while provisioning market-based mechanics that offer traditional financial actors as well as professional crypto-native traders a way to integrate with the protocol.

The MORE Markets framework offers borrowers highly improved capital efficiency through higher-than-standard Loan-to-Value (LLTV) ratios, and provides lenders with sustainably high, risk-minimized yields. Premium borrowers are able to access loans in a semi-permissionless way and lenders are provided with a framework and options for recourse in case of defaults on loans taken by premium borrowers.