PANews reported on August 1 that according to CoinDesk, the decentralized cryptocurrency lending protocol Morpho raised US$50 million in a strategic financing round led by Ribbit Capital. Other investors participating in this round of private token sales include a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, Kraken Ventures, Hack VC, IOSG, Rockaway, L1D, Mirana, Cherry, Semantic, Fenbushi, Leadblock Bitpanda and Robot Ventures.
According to reports, Morpho was launched two years ago and has evolved from the role of optimization layer to Morpho Blue, which is a platform for Aave and Compound users to increase interest rates, and Morpho Blue is an infrastructure on which others can build crypto lending applications and develop their own risk management strategies.