Revolutionary Crypto Loans Hit the Scene: No Custody, No Credit Checks, Just Days to Cash!

Hold onto your hats, folks! Users from various blockchains are now just days away from snagging non-custodial, crypto-backed loans, and it's all thanks to the dynamos at Gelato and Morpho!

The DeFi world is sprinting to outpace traditional finance, and boy, are they making strides! On a steamy Wednesday, June 25, Web3 cloud maestros Gelato teamed up with DeFi lending trailblazers Morpho to roll out embedded crypto-backed loans. They're promising a user experience smoother than a banking app's interface!

Today, in a groundbreaking alliance with Morpho Labs, we're catapulting Embedded Crypto-Backed Loans into the spotlight. This is your ticket for wallets, exchanges, and fintech apps to dish out instant, non-custodial, and slick-as-web2 stablecoin loans right inside their products. Get ready, it's live on Arbitrum and more!

Paul Frambot, the visionary at the helm of Morpho Labs, couldn't contain his excitement about making DeFi's self-custodial crypto loans more accessible than ever. "Borrow USDC, throw in your Bitcoin or other crypto as collateral, and boom—you're in business," he exclaimed.

"We're thrilled to see more platforms rolling out crypto-backed loans, keeping it all in the user's hands. Morpho's built to blend in, and Gelato? They're the magic that makes it all feel effortless," Paul Frambot, Morpho Labs CEO, declared.

Crypto Loans Won't Require Credit Checks

Listen up, whether you're a retail whiz or an institutional giant, these loans are coming for you. Morpho and Gelato are throwing in features like one-click borrowing and wallet creation with just your social logins. And guess what? No credit checks needed to get your hands on those funds!

Morpho's non-custodial loans are already rocking it on Polygon, Arbitrum, Optimism, and Scroll, with Katana next in line. And that's not all—they're gearing up to conquer even more blockchains!

Why should you care? Crypto-collateralized loans are your golden ticket to leverage those digital assets without letting go. It's instant liquidity without selling off your stash. Plus, savvy traders are using these loans as leverage to amplify their trading gains.

But hey, it's not all sunshine and rainbows. Crypto lending comes with its own set of thrills and chills. A sudden nosedive in crypto prices could leave a platform's collateral hanging by a thread, risking a total meltdown.