Morpho Blue, a pioneering team in the DeFi space, has revealed its latest technical document introducing Morpho Midnight. This innovative protocol is set to transform on-chain credit markets by implementing a fixed interest, term-based lending model. Distinct from the traditional variable rate pools, the proposal invites borrowers and lenders to agree on interest rates and maturity dates upfront. With $25 billion circulating in on-chain credit, Morpho Midnight targets institutions that prioritize predictability in financing.