Onchain BorrowProducts

Create new revenue streams, improve retention, and increase stickiness.

As integrated by
  • Coinbase

Crypto-backed loans at DeFi rates.

Borrow products powered by Morpho let your users unlock liquidity against BTC, ETH, stablecoins and tokenised assets at rates competitive with institutional markets.

Activate idle collateral, capture origination revenue, and own the credit relationship all on infrastructure trusted by Coinbase, Ledger and Crypto.com.

Coinbase
Coinbase screen offering a USDC loan backed by Bitcoin
Total borrow in USD from early 2024 to mid-2026: near zero at the start, climbing past $1B by late 2024 and $2B in early 2025, dipping through mid-2025, then rising to peaks near $4.7B in late 2025 before a pullback and steady recovery to $4.9B.Total borrow in USD from early 2024 to mid-2026: near zero at the start, climbing past $1B by late 2024 and $2B in early 2025, dipping through mid-2025, then rising to peaks near $4.7B in late 2025 before a pullback and steady recovery to $4.9B.

What borrow unlocks for your platform

  1. 1Productive assetsIdle BTC, ETH, stables, RWA become productive
  2. 2New revenue streamUser borrows against collateral and you earn fees
  3. 3RetentionCustomers get a reason to keep funds on-platform instead of moving them elsewhere
  4. 4StickinessBorrowed funds flow elsewhere, like trading, payments, and BNPY

How a Borrow product works

From user to loan disbursed

Your AppYour userYou earnOrigination feeand rate markupMorphoThe lending infrastructureIsolated marketUSDC | Multi-collateralSupportedcollateraldigital assetsrwastokenized securitiesLoan assetusdcLLTV86%+ oracle, variable or fixedUSDC liquidity available to lendreceives $50K USDCdeposit collateral$50K USDC

Revenue model

2x revenue stream per dollar

$100MAssets borrowed on platformOrigination fee on each loanOne-time % on each loan initiationRate spreadContinuous bps spread on borrow rate, life of loan

Your choice of integration

Direct integration

Build directly with Morpho Earn/Borrow API, SDKs, and bundlers for maximum control over UX, parameters and fees.

Powered by Morpho

Partner integration

Production-ready middleware operating outside Morpho with some trade-offs on control and flexibility.

Third-party tools (Privy and Yield.xyz)

Custom implementations with end-to-end support

  • Any collateral

    BTC, ETH, LSTs, stablecoins, RWAs

  • Soft liquidations

    Reduce forced liquidation events

  • Custom pricing

    Per-asset rates, flexible LTVs

  • Dedicated team

    From architecture through launch