Completing the Deprecation of Morpho Optimizers
TL;DR
On 7 September 2025, Morpho Association will fully deprecate front-end support for all Morpho Optimizer products. It will replace them with a migration tool to move positions to Morpho V1 and links to interact directly with contracts via Etherscan.
Background
In June 2022, Morpho began as an optimization layer built on existing lending protocols. By matching lenders and borrowers peer-to-peer, Morpho Optimizer improved capital efficiency and provided users with better rates.
Despite its success ($2B in total deposits in just over one year), two fundamental limitations became clear:
- Growth ceiling: Morpho could only become as large as a percentage of the underlying protocols.
- Foundational gaps: As the largest user of these lending pools, we realized they were not open, flexible, or stable enough to serve as a true foundation for onchain lending.
In late 2023, we outlined this in “Decentralized Brokers vs Protocols”, explaining why DeFi apps should evolve into general infrastructure that empowers builders to curate their financial products.
At the beginning of 2024, Morpho V1 was released. It embodied our vision for foundational DeFi infrastructure. It featured an immutable, permissionless base layer and externalized risk curation that pioneered the concept of curators.
A year and a half later, Morpho V1 is integral to the DeFi ecosystem, with close to $7B in total deposits, 20+ active curators, and deployments across 20 chains. It’s also the first protocol directly integrated by a major enterprise like Coinbase, now issuing $420M+ in bitcoin-backed loans.
Recap of Optimizer Deprecation
During this period, Morpho Optimizers has gone through three phases of deprecation (MIP-52, MIP-71, MIP-84). As of now, creating new positions through the Morpho Association front-end applications and interfaces is disabled, and only withdrawals remain possible.
Next Steps
From 7 September 2025, 60 days from today, the Morpho Association will no longer support the front-end interface for any Morpho Optimizer Protocols (AaveV3, AaveV2, CompoundV2). It will replace it with an Etherscan link to interact directly with the contracts and a migration interface, which will help users easily transfer their positions from Morpho Optimizer products to Morpho V1.