Paul Frambot 🦋
@paulframbot
Today, we are announcing that Morpho raised $50m from Ribbit Capital, with participation from @a16zcrypto, @coinbaseventures, @variant, Brevan, Pantera, BlockTower and 50 others. 1/7
2 replies
3 recasts
14 reactions
Paul Frambot 🦋
@paulframbot
When I started Morpho at university with Merlin, Mathis and Julien, we had very ambitious plans, but decided to start small and strategically with Morpho Optimizer. The protocol strictly improved on existing lending platforms and quickly surpassed $1B deposits in 2023. Morpho Optimizer’s growth was likely capped at a few billion of deposits. So earlier this year, we released a much more ambitious protocol: Morpho Blue, a permissionless lending and borrowing platform, on top of which anyone can build any lending use case. Morpho now features a vast network of builders and many of them are already profitable! After 6 months, Morpho surpassed $3B in deposits on Ethereum and recently launched on Coinbase’s Base, unlocking low gas fees and account abstractions. Morpho's tech is now ready to take DeFi to mass adoption, but it was missing partners with fintech experience…
1 reply
0 recast
4 reactions
Paul Frambot 🦋
@paulframbot
Ribbit Capital, the best fintech investor in the world with bets like Coinbase, Revolut, Robinhood, Uniswap, etc … was hence an obvious partner to help us achieve our ambitions. (Also, “Ribit” also literally means “interest” in Hebrew…. which was a killer argument) Morpho’s mission is to make financial infrastructures a public good and we do this by learning from the mistakes of tradfi and web2. If you are excited by the idea of rebuilding finance like the internet, consider joining us 👉 http://jobs.morpho.org
0 reply
0 recast
2 reactions
