what's Macro?

Macro is a decentralized lending protocol operating within the Base ecosystem, leveraging Morpho Labs' institutional-grade infrastructure to enable efficient borrowing and lending of assets. Users can supply stablecoins like USDC to vaults to earn yields from real borrowing demand, while borrowers use popular Base tokens such as TOSHI, DEGEN, DOGINME, SKI, WMTx, and KTA as collateral to access liquidity without selling their positions. The protocol supports features like optimized interest rates through peer-to-peer matching, liquidation thresholds for risk management, and seamless integration with Base's low-cost, Ethereum Layer-2 environment. The $MACRO token powers the ecosystem's flywheel, where protocol revenue from lending fees funds buybacks to reduce supply and reward stakers, enhancing token utility. Staking $MACRO into sMACRO provides revenue sharing without lockups or fees, while holding tiers offer rebates on borrowing costs, yield boosts for lenders, and governance voting to direct incentives across markets. As a first-mover in Base lending, Macro aims to become the infrastructure layer for the growing ecosystem, facilitating capital efficiency and supporting ecosystem expansion through new token integrations.

The protocol is expanding its utility by adding $DEGEN to its lending markets and launching staking with fee sharing, borrowing rebates, and governance features, building on previous traction from its rebasing and lottery features, token burns, and institutional interest.