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Usha Yadav
Jul 13, 2022
by Usha Yadav

Morpho Raises $18M Fund to Transform Decentralized Lending

Morpho

Table of contents

  1. A16z Leads $6M Blockchain Seed Funding Round
With the support of 80 more investors, Morpho Labs received $18 million in a fundraising round co-led by Andreessen Horowitz (a16z) and Variant. With peer-to-peer liquidity, Morpho is designed to integrate with already-in-use lending protocols like Compound and Aave and provide more incredible rates.

The startup claims that since the introduction of Compound a few weeks ago, it has amassed $30 million in liquid assets. The debut of Morpho-Aave will take place soon. Variant Fund general partner Spencer Noon in the announcement said,

"Morpho is a new type of lending primitive that directly matches suppliers and borrowers and sits directly on top of lending pools like Aave and Compound, unlocking rates that are competitive both on and off-chain."
"If successful, we believe it has the potential to become a go-to coordination layer of a new global and decentralized financial system."

A16z Leads $6M Blockchain Seed Funding Round

With the debut of a $4.5 billion fund in May, Linera A16z rose to the position of the most significant investment company in the cryptocurrency industry. An investment round led by Marc Andreessen's Andreessen Horowitz totalling $6 million has been completed for the layer one blockchain project Linera, which aims to extend Web2 scalability to Web3 (a16z).

Mathieu Baudet, the creator and CEO of Linera, is a former Meta (FB) employee who contributed to the development of Facebook's Libra blockchain. He holds a PhD in cryptographic protocols. Linear scalability, a system from Web2 where extra processing units are added as needed, is another aspect of Linera. For Linera, this entails the chain's various threads, or shards, providing additional validators for network effectiveness.

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A16Z Morpho Decentralized Lending Morpho Labs Andreessen Horowitz (a16z) Variant Morpho-Aave
Morpho Raises $18M Fund to Transform Decentralized Lending
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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