Suggestions
Dan Elitzer
Co-Founder at Nascent
Dan Elitzer is a seasoned professional known for his expertise in building and supporting early-stage teams. He currently serves as part of Nascent, a team dedicated to backing founders who are developing products and infrastructures for the open financial realm. With a background that includes co-founding IDEO CoLab Ventures and leading the MIT Bitcoin Club, Elitzer is deeply ingrained in the crypto ecosystem and investment landscape.
Highlights
Talking to Paul during diligence on Morpho’s pre-seed in 2021, one of our big questions was what happens if the Optimizer gets so widely used that it effectively drains the underlying protocols.
Paul’s answer at the time: they already knew what they’d build next, and they’d have their own markets underneath. He also understood very clearly back then that the end state for lending was going to be something closer to an order book.
Morpho Optimizer was necessary to bootstrap and get to Morpho Blue. Morpho Blue was necessary to get to Morpho Midnight.
What’s really cool is that, as Paul describes in his post, you can use Midnight and Blue together via the callback feature to get the best of the original Optimizer while still keeping the benefits of the pooled liquidity variable rate model that people have gotten so used to and that’s still genuinely useful in a lot of situations.
Over time, I expect more liquid markets to develop around Midnight loans, and they’ll take a larger and larger share of all lending volume.
Incredible how visionary the @Morpho team has been since Day 1, and what a thoughtful, clean transition to more efficient markets their architecture has enabled.
Given the increasing prevalence of this type of supply chain attack, starting to feel like users should delay software updates on everything except OS and browser


