We're excited to announce that Morpho has secured $50M, led by Ribbit Capital!

The funding from Ribbit and other strategic partners further enhances Morpho's decentralization and supports its mission to make financial infrastructure a public good.

Variant co-led Morpho's seed round with a16z. Working with @paulframbot @merlinegalite and the Morpho team over the last few years has been super inspiring for me. 

The team is laser focused, ships fast, prioritizes safety/security, is hungry, humble and fixated on winning. Common traits for the most succesful teams in the space.

More on our latest investment here:

wizard building public financial infra @morpho

Co-founder & CEO at @morpho labs. Making financial infrastructure a public good.

Variant co-led Morpho's seed round with a16z. Working with @paulframbot @merlinegalite and the Morpho team over the last few years has been super inspiring for me. 

The team is laser focused, ships fast, prioritizes safety/security, is hungry, humble and fixated on winning. Common traits for the most succesful teams in the space.

More on our latest investment here: https://blog.variant.fund/investing-morpho-again

As a user (and fan!) of Morpho, I'm curious:

How did they manage to convince you they needed $50m?
My understanding is that Morpho is building a primitive base layer, as simple as possible (according to itw from their CEO), for others to build yield strategies they can offer to users. So a lot of the value of Morpho as a product is already built, and the rest is brought by 3rd party vault curators.

So, why $50m for Morpho?

/music co-host | Music DAO founder everwave.xyz | ex telco.in founder | writing on web3 & culture https://paragraph.xyz/@alixkun.eth

here you go sir 🫡
https://x.com/MerlinEgalite/status/1819011685387993271

maxxing on /morpho 🦋 | pursuing a higher self w /higher-athletics | consistently curious

Very well put, thanks!
Please hire more BD so I can join the ship! haha