Morpho V2: Intent-Based Lending | Paul Frambot, CEO of Morpho

Morpho co-founder Paul Frambot joins Gelato’s Hilmar Orth at ETHCC Cannes to unpack the next evolution in DeFi lending: Morpho V2.

From its origins as an Aave optimizer to a $7B protocol across 20 chains, Morpho is now introducing intent-based lending, fixed-rate zero-coupon bonds, and a unified cross-chain liquidity model. Paul explains why the future of lending looks less like pooled models and more like trading infrastructure, where curators price risk and borrowers/lenders interact through flexible, market-driven intents.

Episode Highlights

• How Morpho grew from Aave optimizer to $7B across 20 chains

• The shift from pooled models to intent-based lending

• Why fixed-rate zero-coupon bonds unlock predictability

• Cross-chain liquidity without fragmentation

• Curators as risk managers pricing borrower trust

• Path to under-collateralized lending and tokenized trust commitments

Resources & Links

👉 Follow Paul Frambot on X: @PaulFrambot
👉 Follow Morpho on X: @MorphoLabs
🌐 Explore Morpho: morpho.org