Crypto Lending Protocol Morpho Raises $175 Million to Aid Wall Street’s DeFi Push
Decentralized lending platform Morpho has secured $175 million in its latest funding round, highlighting the rise of curated lending vaults.
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Chainlink SVR generated $3.57M weekly revenue as DeFi protocols earned $2.3M and LINK buybacks reached $49.5M inflows. Chainlink SVR recorded $3.57 million in weekly revenue from non-toxic liquidation MEV recapture, as lending protocols and oracle infrastructure shared the proceeds across DeFi. The update also arrived as LINK-related market access widened through Kalshi’s regulated U.S. platform. […] The post Chainlink SVR Hits $3.57M Weekly Revenue as LINK Perps Launch on Kalshi appeared first on Live Bitcoin News.
Read full articleDecentralized lending platform Morpho has secured $175 million in its latest funding round, highlighting the rise of curated lending vaults.
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Morpho, a decentralized lending protocol operating on Ethereum, HyperEVM, and other blockchains currently holding $6.6 billion in total value locked, has raised $175 million in a funding round led by Paradigm, Ribbit Capital, and Andreessen Horowitz’s digital assets arm a16z crypto — valuing the protocol at up to $2 billion and positioning it for an eventual public debut as its founders set their sights on bringing Wall Street’s most traditional institutions into DeFi, according to Fortune’s report published June 9. Related Reading: The XRP Dream Has Changed: Why A Rally To $10 Could Happen Despite Disappointment The round also drew participation from Apollo Funds, Circle’s venture unit, and VanEck — a coalition of backers that spans crypto-native venture capital, traditional asset management, and institutional finance simultaneously. The investment was structured in cryptocurrency and priced at the token’s average monthly price, with the exact cost varying by when participants contrib
Morpho raises $175M from Paradigm, a16z Crypto and Ribbit as the DeFi platform expands its open credit network for banks and asset managers.