Robinhood has made the MORPHO token available for trading, expanding retail access to Morpho, a major decentralized lending protocol. Morpho became the lending infrastructure for Robinhood Earn in July 2026, allowing select U.S. customers to lend the USDG stablecoin through Morpho vaults on the Robinhood Chain at a targeted yield of roughly 7% APY. Morpho has reported more than $11 billion in deposits and millions of dollars in fees, while the Robinhood Chain recorded more than $500 million in inflows to total value locked within a month of the integration. Robinhood Earn also includes insurance against specific risks through Lloyd’s of London and RELM. Standard Chartered has reportedly taken a bullish view of MORPHO, although Morpho faces concentration risk from its growing dependence on Robinhood’s product.