a16z, Paradigm, and Ribbit Lead $175M Funding for Morpho Decentralized Lending Protocol on June 10

MORPHO-0.12%
According to a16z Crypto, a16z, Paradigm, and Ribbit jointly led a $175 million funding round for Morpho, a decentralized lending protocol, on June 10. a16z views on-chain lending as the next frontier of credit infrastructure, highlighting how blockchain-based open credit networks can reduce infrastructure costs and create more competitive lending markets.
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