Morpho-Aave Integration is Live on Sense
The integration with Morpho-Aave Protocol is now live and can be accessed through the Sense Portal.
The first maToken onboarded to Sense is maDAI, and its first series matures on July 1st, 2023.
Sense users can now earn fixed rates and trade future yields atop high-yielding Morpho-Aave rates, and Morpho lenders can provide liquidity on Sense to earn extra yield from trading fees on the Space AMM.
Any $MORPHO rewards are distributed to Sense YT holders since they’re beneficiaries of both Morpho-Aave yield and token rewards. If Morpho Governance grants transfer privileges to Sense contracts, YT holders can collect $MORPHO from the Sense rewards distributor at the end of each Morpho Epoch. Otherwise, the Sense Core team will distribute $MORPHO to all eligible YT holders once $MORPHO becomes transferable.
Provide liquidity in maDAI : https://app.sense.finance/eth-mainnet/pool
Get fixed rates on DAI : https://app.sense.finance/eth-mainnet/fixed
Trade future yields: https://app.sense.finance/eth-mainnet/rates
Rapid integration with 4626 vaults
maTokens are the first ERC4626-compliant yield-bearing vaults supported by Sense. They were onboarded through Sense’s new ERC4626 adapter factory, which can onboard any compliant asset with a single on-chain function call. No longer do integrations require custom adapters and long development lifecycles.
Creating fixed-rate markets on Sense is now as easy as instantiating a new AMM pool on Uniswap.
With the help of a soon-to-be-launched UI, any protocol team & DAO will be free to onboard their yield-bearing assets on Sense. If you are interested in enabling fixed rates in your ecosystem, please join our discord and reach out to us!
This integration is another step toward the future Sense is building: our vision is to create decentralized, transparent, fair factories for yield curves and other yield primitives on-chain along with fully decentralized markets for yield discovery.
If you’re excited about this vision and want to help build it, join us. We’re actively hiring and are always on the lookout for top talent. Join our community on Discord to get involved, and follow us on Twitter for updates!
