DeFi Protocol Morpho Raises $175M at $2B Valuation, Led by a16z Crypto and Paradigm

MORPHO-3.4%
According to ChainCatcher, DeFi lending protocol Morpho completed a $175 million funding round at a $2 billion valuation, led by a16z crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, IOSG Ventures, and Variant. Morpho enables institutions to customize lending markets and risk parameters on-chain. The protocol currently serves Coinbase, Kraken, Anchorage Digital, and Galaxy Digital, and has accumulated approximately $6.6 billion in total value locked.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments