Morpho Blue

Morpho Blue is the lending protocol that anchors credit on Robinhood Chain — roughly $83m of TVL in early July 2026 — and the engine behind Robinhood Earn's USDG yield. Its design is minimal and immutable: isolated markets, each defined by one collateral asset, one loan asset, an oracle, and a liquidation parameter, with risk curated by vaults layered on top rather than governed in a single shared pool.