Project Title: Open-Source MVP Frontend for Morpho
Organization Name: Re7 Labs
Organization Website and/or Social Media Links:
- Website: https://re7.capital/
- Twitter: x.com
About Us + Prior Experience:
Re7 has been providing liquidity in DeFi since 2019 having deployed over $300m of assets. We bring practical experience to risk management from years of managing stablecoin and ETH yield strategies as well as further strategies like our Liquid Token fund. As DeFi-native managers, we have focused on enabling yield strategies, providing early liquidity to various DeFi protocols, and have worked with teams throughout the space on a close basis to grow DeFi liquidity while managing risk.
From our experience deploying capital we bring a unique perspective to risk management as practitioners and power users of DeFi. We have built extensive tooling to provide a deep view into risks in the market including liquidity monitoring, price alerts and a large suite of custom analytics and execution tools. This has allowed us to stay on top of the ever-changing DeFi market. This grant extends some of our existing Morpho infrastructure to provide a public good for the community.
Re7 and Morpho
Re7 has been supporting Morpho since the start and we remain committed to its growth. Re7 Labs has launched and curated around 20 vaults representing over $50m in supply assets. Each vault offers suppliers access to lending markets with diverse risk profiles. Our curation approach centers on ensuring these vaults meet stringent risk guidelines, attract the DeFi community, and remain robust against the inherent volatility of crypto markets. We are also active delegates and participate within the larger Morpho community in various ways.
Examples of vaults we currently curate on Morpho include: Re7 WETH (Ethereum), Re7 USDT (Ethereum), Re7 WETH (Base), Morpho eUSD (Base), Pyth ETH (Base), etc.
Requested Budget: 40k MORPHO
Scope of Work:
We propose to build and open-source a Morpho frontend that can be deployed by curators or ecosystem participants, targeting new blockchain ecosystems. The goal is expanding Morpho’s presence and simplifying user access in these networks, while giving curators, users and other community members a starting building block for accessing Morpho.
The key elements include:
- Earn page listing vaults
- Borrow page listing markets
- Individual market page
- Individual vault page
The site will serve as an open-source starting place for integrators, new chains and others who want to be able to offer Morpho vault services outside of the official UI or the more sophisticated cross-chain UIs offered by GFX and others. The open-source UI framework would serve as a building block for white label vaults, curator specific UIs and other ways of expanding Morpho’s distribution.
Benefit for the Morpho Ecosystem:
- Enhanced Accessibility: An open-source frontend can attract users in new ecosystems and make it easy for anyone to deploy the necessary dAPP infrastructure on top of the protocol.
- Wider Adoption: By integrating Morpho into new ecosystems, we tap into each chain’s user base, increasing protocol utilization and TVL.
- Community Building: Open sourcing fosters collaboration, letting devs easily create custom UIs or integrate advanced features.
Metrics:
- Deployment Targets: Successfully launch on at least two new chains within 6 months.
- TVL Increase: Aim for a combined $500M in additional TVL across all newly supported ecosystems.
Timeline:
- 2-3 months for development, testing and integration into the first ecosystems