Morpho raises $175 million in funding, with a valuation of up to $2 billion

According to Fortune, DeFi lending protocol Morpho announced the completion of $175 million in funding, led by a16z crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and others. This financing is priced at the average price of the past month using the Morpho token, with a maximum valuation of approximately $2 billion. Morpho supports institutions to customize lending markets and risk parameters on the chain, and has attracted institutions such as Coinbase, Kraken, Anchorage Digital, Galaxy Digital, etc. to use it.