Morpho said on X that its Lend Callbacks feature is now live. The update changes how unfilled limit lending orders behave in the protocol’s fixed-rate market. Instead of remaining idle while waiting to be matched, those orders can now earn floating-rate yield during that period. According to Morpho, the feature lets users quote higher fixed rates without giving up all interim returns, because the floating rate can serve as a yield backstop until the order is filled. The announcement focused on the mechanics of the new feature and did not disclose additional rollout details beyond the launch itself.
Morpho said on X that Lend Callbacks is now live.
The feature applies to the fixed-rate market. Unfilled limit lending orders no longer sit idle while waiting to be matched. Instead, they can earn floating-rate yield during that time.
According to Morpho, this gives users a way to quote higher fixed rates while using floating-rate yield as a backstop before the order is filled.
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