Morpho Labs CEO Paul Frambot stated that V2 replaces pool-based systems with an intent-based model allowing precise control over lending terms.

Quotes that support claims

With Morpho V2, we wanted to move beyond the rigid, pool-based structures that dominate DeFi today where users have little control over rates or terms,” Morpho Labs CEO Paul Frambot said in an email.

Enable expression of intents: Lenders and borrowers can express bespoke loan offers with multiple conditions without fragmenting liquidity.