POPA ReconMorpho raised $175M in a round co-led by Paradigm, a16z crypto, and Ribbit Capital
Morpho raised $175M in a round co-led by Paradigm, a16z crypto, and Ribbit Capital The round valued the protocol at up to $2B and drew additional participation from Apollo Funds, Circle Ventures, VanEck, Ledger Cathay, Variant, Wintermute Ventures, Prelude, IOSG, Hashkey, Mirana, NJJ Capital, SBI Group, and Bpifrance, among others. Morpho offers blockchain-based lending and borrowing markets where users can create their own lending pools with customized risk parameters. The protocol claims it has crossed $11B in deposits and already counts some of the largest names in crypto among its insti…
The excerpt is quoted from a public Telegram channel, which owns its text.
Read the original post on Telegram
More posts from Top 7 | Tech, AI & Crypto Analytics · All channels