TechFlow news, on August 1, according to Coindesk, DeFi lending protocol Morpho has raised $50 million in a funding round led by Ribbit Capital. Participating in the private token sale were heavyweight investors including a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, and Kraken Ventures.
Morpho previously raised $18 million in 2022, when CEO Paul Frambot was still in his third year of university. Morpho aims to integrate decentralized finance with the foundational internet protocol layer,推动 the transformation of private financial infrastructure into public goods, and leverage support from fintech investors like Ribbit to develop flexible lending use cases.
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