Decentralised lending platform Morpho has raised $18m from a funding round headed by a16z Crypto and Variant.
The round also saw participation from 80 additional investors, which included advisors, founders, power users and builders.
Morpho has introduced a lending protocol called Morpho-Compound which combines the liquidity pool model found in its Compound solution with the capital efficiency of P2P matching engines used in order books.
Morpho-Compound has already been live for a few weeks and has already accumulated $30m of liquidity.
Morpho said, “Our focus with Morpho is to bring the most efficient, unbiased, and secure lending services to anyone who needs them. By improving the native yields, we believe Morpho can enhance the current state of DeFi and extend its reach to much broader horizons.
“We raised this round with a strong belief that an investor should not be a mere source of capital but a faithful supporter of the Morpho DAO. That is why each fund or angel participating in this round was also chosen for the added value they could bring Morpho. The breadth and diversity of this round are a fundamental asset to bringing efficient lending services to all.”
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