The decentralized lending startup Morpho Labs acquired $50 million in investment, with Ribbit Capital leading the round.
According to an announcement from Morpho Labs, additional funders included a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, Kraken Ventures, Hack VC, IOSG, Rockaway, L1D, Semantic, Mirana, Cherry, Fenbushi, LeadBlock Bitpanda Ventures, Robot Ventures, and others.
Paul Frambot, co-founder and CEO of Morpho, stated in the announcement that “Morpho Optimizer, an optimization layer on top of Aave and Compound that improved interest rates for users, was its primary product when Morpho first launched two years ago.” “Since then, Morpho has evolved into independent financial infrastructure, inspired by the layered protocols of the early internet.”
Earlier this year, Pantera Capital led an undisclosed fundraising round for Morpho. In 2022, Morpho secured a another $18 million in investment, spearheaded by Andreessen Horowitz and Variant.
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A decentralized lending system called Morpho Blue, developed by Morpho Labs, decentralizes DAOs and creates new marketplaces for risk management and specialized products in October 2023. As of July 30, Morpho Blue had accumulated $1.52 billion in total value locked (TVL).
Earlier this year, Pantera Capital led an undisclosed fundraising round for Morpho. In 2022, Morpho secured a another $18 million in investment, spearheaded by Andreessen Horowitz and Variant.
Get your morning started with the most important analyses and events taking on in the ecosystem of digital assets.
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A decentralized lending system called Morpho Blue, developed by Morpho Labs, decentralizes DAOs and creates new marketplaces for risk management and specialized products in October 2023. As of July 30, Morpho Blue had accumulated $1.52 billion in total value locked (TVL).