Business News Report
February 28, 2024

Pantera Capital Invests in DeFi Lending Protocol Morpho

In Brief

Pantera Capital invests in decentralized lending protocol Morpho, that allows building applications on its base layer Morpho Blue.

Pantera Capital Invests in DeFi Lending Protocol Morpho

Hedge fund focused on digital assets, Pantera Capital invested in the decentralized lending protocol Morpho. The protocol allows building various protocols and applications on its base layer, Morpho Blue that externalizes risk management, enabling institutions to integrate it into their risk and compliance management systems. The specific amount of the investment was not disclosed.

“Morpho set out to develop a more robust, user-controlled risk assessment platform with a unique lending pooling and matching system,” said Pantera Capital in the written statement.

Notably, on Morpho’s lending and borrowing protocol, end users have the option to select risk assessors, while other decentralized finance (DeFi) protocols often rely on third parties for risk management.

The project had previously raised $18 million in funding through a round led by Andreessen Horowitz and Variant, with contributions from Nascent, Semantic Ventures, Cherry Ventures, Mechanism Capital, Spark Capital, Standard Crypto, Coinbase Ventures, Daedalus, and various other institutional and individual investors. The funding was obtained through a native token sale conducted in July 2022.

Morpho Protocol to Elevate Lending with Morpho Blue

Morpho Protocol is a decentralized noncustodial lending protocol designed for the Ethereum Virtual Machine (EVM). Presently, it holds a total value locked (TVL), surpassing $970 million. The project plans the launch of Morpho Blue, a decentralized protocol facilitating overcollateralized lending and borrowing of any digital asset shortly. Serving as a base layer, it supports the development of various applications and protocols on top of it, including Morpho Protocol’s MetaMorpho – a noncustodial risk management protocol.

Recently, Morpho Protocol was joined by research firm Gauntlet, which aims to work on designing and overseeing the risk management of its lending vaults. Gauntlet plans to curate diverse lending vaults utilizing MetaMorpho, an open-source protocol for permissionless lending vaults built on top of the Morpho Protocol.

With the new investment and strategic collaborations, Morpho Protocol stands at the forefront of DeFi, set for growth and innovation in the digital asset landscape.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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