Why invest in Morpho: On chain lending is the next frontier of credit and a key technological node to human prosperity BlockBeats News: On June 10th, a16z Crypto released a detailed article explaining why it teamed up with Paradigm and Ribbit to lead a $175 million funding round for the decentralized lending protocol, Morpho. A16z regards on chain lending as the "next frontier of credit" and a key technological node to human prosperity. It believes that open credit networks based on blockchain can reduce infrastructure costs, create more competitive credit markets, and provide a wider range of capital and revenue acquisition channels. A16z stated that when he first came into contact with the Morpho team in 2022, the founder Paul Frambot was still studying at university, but he had already gathered almost all of France's top blockchain talents; The team's pioneering on chain lending optimizer achieves Pareto improvement in interest rates by coordinating peer-to-peer loans on top of the underlying peer-to-peer pooling protocol, and the project also signifies a transformation for the global financial system. In 2024, Morpho will launch the Morpho Blue protocol, which focuses on floating rate and variable term over collateralized loans for encrypted assets. Now Morpho is moving towards a larger vision - to become an open credit network of the Internet. The next product, Morpho Midnight, will support fixed rate term loan on the chain with traditional assets as collateral and be equipped with customizable KYC tools. More importantly, customers can launch their own lending market based on the foundation of Morpho, while sharing the liquidity and network effects of the network. A16z believes that we are currently at a critical window to disrupt the traditional credit system and build a more open and efficient credit network.