Morphine is the DeFi layer allowing composable leverage and on-chain automation. By offering undercollateralized loans and dynamically adjusting interest rates through an on-chain rate engine, Morphine provides a high level of liquidity and less dilluted rewards for lenders, making it a valuable option to earn a passive income. Morphine's active management feature provides users with a unique experience that resembles that of centralized exchanges (CEXs) but within the DeFi space. With composable leverage to various DeFi products, users can deploy a sub-account and set automation conditions based on token prices and allocations.