在拥挤的DeFi借贷赛道中,Morpho的独特之处在于其非零和博弈的竞争策略。它并非试图直接取代Aave或Compound,而是选择成为它们之上的 “智能中介层” 。这类似于DEX聚合器对交易市场的改造:它不建立新的流动性池,而是优化现有池子的效率。这种定位让它能够利用而非分散现有协议的庞大流动性,从而为整个生态创造增量价值,而非陷入你死我活的TVL争夺战。 @MorphoLabs #Morpho $MORPHO
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