The non-custodial aggregator brings new peer-to-peer lending markets to the Tezos Layer-2 ecosystem.

The Decentralized Finance (DeFi) ecosystem on Tezos has expanded with Oku’s successful integration of the Morpho protocol on Etherlink, a Tezos Layer-2 network. This deployment introduces comprehensive lending and borrowing markets to users through Oku’s platform, which is designed to provide an all-in-one interface for traders.

Developed by GFX Labs, Oku functions as a front-end for the deep liquidity of Uniswap v3, a leading decentralized exchange by trading volume and Total Value Locked (TVL). The integration leverages Etherlink’s high-speed and low-cost transaction environment, creating a suitable foundation for sophisticated DeFi services. Through the Oku interface, users can access a full suite of lending tools, including live market analytics, real-time interest rate tracking, and streamlined collateral management.

This collaboration combines Morpho’s peer-to-peer lending model with Oku’s user-focused experience, delivering features typically found on centralized platforms within a trustless, self-custodial framework. Dan Zajac, Business Development Lead at Oku, noted that the integration offers a significant development for lending, allowing users to control their assets or borrow at competitive rates efficiently in one location.

MEV Capital Curates First Lending Vault

To kickstart the new lending markets, MEV Capital is curating the first vault on the platform. This initial offering allows users to lend USDC against three yield-bearing tokens from Midas: mMEV, mBASIS, and mTBILL. The vault introduces institutional-grade risk management to Etherlink’s lending ecosystem and provides users with a curated strategy from an established DeFi firm.

Laurent Bourquin, CEO of MEV Capital, described the vault as the firm’s strategic entry into the Tezos ecosystem. He highlighted that Etherlink’s performance characteristics enable the kind of institutional lending infrastructure that MEV Capital has developed on other blockchains.

Anthony Hayot, Head of DeFi Adoption at Nomadic Labs, called the deployment a major milestone for Tezos DeFi. He stated that the combination of Etherlink’s performance and Morpho’s technology enables a new generation of efficient and transparent lending markets, underscoring the growing sophistication of the ecosystem.