TechFlow News – According to its official Twitter, DeFi lending protocol Morpho has launched the second phase (Age 2) of its rewards program, distributing 1% of the MORPHO token supply (10 million tokens) via Morpho-Aave and Morpho-Compound over a three-month period (from September 20 to December 29). The first batch of 3 million MORPHO tokens will be allocated to the Morpho-Aave market.
Morpho is a DeFi lending protocol built atop existing protocols that shifts loans from pooled liquidity into peer-to-peer mechanisms, thereby offering investors higher yields. ChainCatch previously reported that Morpho raised $18 million in funding in July this year, led by a16z and Variant.Source link
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