Gelato & Morpho Team Up: Crypto-Backed Loans Now Embedded in Wallets, Brokers & Fintech Apps
Crypto just got a liquidity lifeline—no bankers required. Gelato and Morpho are slashing barriers to decentralized finance with embedded crypto-backed loans, turning wallets and fintech apps into pseudo-banks overnight.
How it works: Lock your ETH, borrow against it, repeat. The partnership automates collateral management and loan optimization, letting users tap liquidity without selling their bags. Perfect for hodlers who still believe in 'number go up' theology.
The fine print? These aren't your grandpa's regulated loans—just code enforcing terms. Default risks get liquidated faster than a meme coin at ATH. Because in DeFi, trust is optional but overcollateralization is mandatory.
One step closer to replacing traditional finance... or recreating its leverage problems with extra steps.