US-based hedge fund Pantera Capital announced its investment in the decentralized lending protocol Morpho. The amount of the investment was not disclosed.
In the announcement, Pantera Capital stated that Morpho offers a unique lending pool and matching system with the aim of building a more secure and user-friendly risk assessment platform.
Morpho had previously raised $18 million in a round led by Andreessen Horowitz and Variant in July 2022. The protocol enables the development of various protocols and applications on a core layer called Morpho Blue, which allows institutions to externalize risk management and integrate it into their risk and compliance management systems.
It was noted that in Morpho’s lending and borrowing protocol, end users can choose their risk assessors, while it was stated that other DeFi protocols delegate third parties to manage risks. The total value locked in Morpho is over $970 million.
New York-based research firm Gauntlet announced yesterday that it would work on the design of Morpho’s credit vaults and risk management.
What is Morpho?
Morpho is a decentralized lending protocol that was launched in July 2022 and allows users to choose their risk assessors for lending and borrowing transactions. The protocol is built on a basic layer called Morpho Blue, which enables institutions to externalize risk management and integrate it into their risk and compliance systems.
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