Morpho Raises $50M in Funding
Summary
The company intends to use the funds to expand operations and its development efforts. When Morpho first launched 2 years ago, its primary product was Morpho Optimizer, an optimization layer on top of Aave and Compound that improved interest rates for users. Since then, it has evolved into independent financial infrastructure, inspired by the layered protocols of the early internet. Specifically, the company now consists of a set of purpose-built protocols layered on top of a shared base layer to form a network that fosters open innovation, resiliency, and value creation. At the core of this new layered architecture is Morpho Blue, a permissionless, resilient, and primitive lending protocol that creates an open market for risk management and specialized products.