Morpho: $50M Funding Boost and Impressive Returns

Morpho Labs, a DeFi protocol, has raised $50M led by Ribbit Capital, which also invests in Revolut, NuBank, Coinbase, Robinhood, Mercado Libre, Figure, and Uniswap. The funds will support Morpho Blue, a permissionless lending protocol allowing entities to create and manage their own markets. Morpho Blue has received over $1.5B in deposits since its launch nearly six months ago. Morpho Labs had previously raised $23.6M, including an $18M Series B from a16z and Variant in 2022. Morpho has borrowed..