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On August 1, 2024, the cryptocurrency lending agreement MORPHO (see the previous article “Understand the P2P lending agreement Morpho“) It was announced to raise 50 million US dollars in the new round of strategic financing, Ribbit Capital led, A16ZCrypto, Coinbase Ventures, Variant Fund, Pantera, Brevan HOWARD, Blocktower and Kraken Ventures.
Variant Fund jointly led Morpho’s red -word financing as early as 2022. This strategic theory of Variant Fund invested again.Jesse Walnden, co -founding of Variant Fund, and investor Geoff Hamilton subsequently published a document to interpret why Variant Fund invests in Morpho again.Bit Chain Vision 0xjs Compilation.
Variant’s vision is that encryption technology can achieve a fair Internet -a user can become the Internet.DEFI is a financial infrastructure that realizes this vision.
The DEFI agreement promotes the efficient allocation of capital and enables financial instruments to open up as wide as possible without permission.In Variant, we invest in projects that expand DEFI capabilities, expand their benefits, and strengthen their foundation innovation and ambitious projects.
MORPHO is one of the leading projects we think meet all these standards.Morpho is a lending agreement.It can use households to borrow, without licensed to create independent lending markets, and build products (such as risk management insurance libraries) on unable to be tampered, decentralized infrastructure.In its V1 version, MORPHO has achieved economic efficiency improvement for borrowers and lenders by introducing the point -to -point Morpho Optimizer.Subsequently, Morpho released Morpho Blue, a borrowing agreement with breakthrough design innovation, which can bring the advantages of the lending market to more assets and users.Moreover, Morpho Blue is not just a lending market: it is a general infrastructure that can surpass the advantages of decentralized finance beyond the boundaries of existing DEFI.
In 2022, Variant led Morpho’s seed round investment because we were inspiring the team’s vision and believed that the project had changing potential.Today, we are glad to announce our investment in Morpho’s latest round of financing.Our enthusiasm for the project is higher than the initial investmentEssence
Since 2022, the team has exceeded our high expectations in all aspects.In the bear market, not only did they build and expand one product, they also successfully launched two products that found the product market.They prove that while meeting the current market demand, they can build universal infrastructure that promotes the future development of decentralized finance.In the process, they contributed ideological leadership to the field and have always been committed to the basic values of DEFI.
From the data point of view, Morpho meets important user needs.The project has achieved a total supply of US $ 2.7 billion and a total borrowing capital of 1.05 billion US dollars.Since Morpho Blue has been released six months since its release, it has been warmly welcomed by lenders, borrowers and curators.At present, more than 25 insurance libraries have been based on Morpho Blue, which are operated by curators including analytical companies, funds and Defi protocols.The diversity of these insurance libraries and curators shows how the Morpho infrastructure gathers a vibrant ecosystem and supports various products.
Looking forward to the future, we see the further growth potential of many dimensions.By increasing new curators, insurance libraries and markets, Morpho Blue has a lot of room for growth -further expanding the breadth and quality of user choices.
We are particularly optimistic about Morpho as general infrastructure.Morpho can provide support in the development and maturity of DEFI.MORPHO can also bring the advantages of its non -licensed borrowing market infrastructure to the fields other than DEFI -including fintech and traditional finance.The scale of Morpho infrastructure is huge, and the potential interests brought by Morpho to users are equally huge.
For Morpho, it is still in the early stages.We are extremely excited about future opportunities and grateful to have the opportunity to invest in this extraordinary project and team.
