Morpho (MORPHO)

The latest developments in DeFi👇 @Morpho raised $175M in funding @CurveFinance introduced Llamalend v2 - a new DeFi lending primitive @NEARProtocol announced confidential perps powered by Hyperliquid @Starknet released STRK20 - a privacy framework for ERC-20 assets @DeFiSaver integrated Hyperliquid and launched S1 of its rewards campaign. Trade perps or open leveraged DeFi strategies to earn a share of its 50,000 USDC rewards pool @babylonlabs_io released native Bitcoin-backed borrowing via Aave V4 on testnet @OndoFinance released Ondo Perps, enabling to trade RWA perps with TradFi liquidity. It offers 24/7 trading access for equities and commodities @aave proposed a new risk framework following the rsETH exploit @3janexyz, a credit-based undercollateralized lending DeFi app, went live to the public @Helius, Mert’s project, announced plans to build a privacy layer for Solana @Polymarket introduced combinatorial positions, which enable to bundle multiple predictions into one bet @ethena partnered w

➠ @Morpho raised $175M from a lineup that includes @a16z, @paradigm, @RibbitCapital, @apolloglobal, @circle_ventures, @wintermute_t, @Ledger, @HashKey_Global, @sbigroup, and more. That's one of the biggest raises DeFi has seen and what makes it even more interesting is the journey. Morpho started with a $1.35M seed round in 2021. Today, it has raised over $244M in total and grown into one of the biggest lending protocols in crypto. The team spent years building products that make on-chain lending more efficient, then expanded into customizable lending markets through Morpho Blue, giving users and institutions more flexibility in how capital is deployed. Now they're introducing Morpho Midnight, a system designed for fixed-rate lending and borrowing with set maturity dates. Most traditional institutions understand fixed-rate credit. It's familiar. It fits how they already think about lending, borrowing, and managing risk. What stands out to me is that institutions aren't just talking about on-chain financ

$175M raised - Paradigm, a16z, Ribbit, Apollo, Circle, VanEck. fourth institutional raise since 2021. $11B in deposits. $2B valuation and the founder said this about it: “im a tech guy i dont know anything about finance. im building infrastructure. im building code.” thats the whole thesis right there Morpho did not raise $175M because they were good at fundraising they raised it because they spent years being good at building they been building quietly, without a narrative campaign, without a cycle-dependent hype machine the protocol was already being used by Coinbase, Binance, Kraken, Galaxy, and Anchorage before the raise happened. the money followed the product. it always does what makes this raise structurally different from most DeFi fundraises- the investment was structured as a token purchase at the average monthly market price no private round discount | no insider edge investors paid what the market priced the token at. thats a genuinely rare design decision that most protocols would never a

Leaning long $MORPHO here With the negative funding rn, shorts paying longs. That's a decent carry + potential short squeeze. Price is basically approaching 2.0 resistance. If it breaks with volume, pretty much we will see 2.2 or even higher. Still waiting for a cleaner entry tbh. Regime still heavily depends on btc, low leverage + smaller size here makes more sense these days, don't wanna get chopped by random wicks. NFADYOR

Following the yesterday's Morpho raise, there is an obvious comparison between $MORPHO and $AAVE. While the protocols compete directly, $AAVE and $MORPHO have extremely different market structures. Let's dive into free float, ownership, and distribution.

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