Morpho's oTFY Market Predates Oct. 21 Collateral Announcement

Morpho's Ethereum market pairing Obligate's oTFY with USD Coin borrowing was created Sept. 3, more than six weeks before an Oct. 21 announcement highlighted the token's use as collateral on the platform. The market pairs oTFY with USD Coin (USDC). Borrowers can pledge oTFY as collateral to borrow USDC while retaining exposure to the token. oTFY is a security representing a claim on a portfolio of trade-finance bonds with physical commodity exposure. Obligate lists Morpho as a lending venue for the product. RedStone supplies oTFY pricing data for the market, while RockawayX sets its risk parameters.