Resolved. The upstream Morpho API is available again and Borrow API requests for Morpho markets are returning normally. Follow-up: we are still rolling out a change to remove the Morpho API dependency on hot paths, expected live later today.

We are experiencing degraded performance on the Borrow API affecting Morpho markets. An upstream Morpho API dependency is currently down, causing errors when fetching Morpho Blue borrow positions. Our team is working on a solution to bypass this dependency on hot paths. Started: 08:14 UTC (Jul 16).