Morpho, the 'killer app' for decentralised finance?

👉 News. French project Morpho has just raised $18 million‍

👉 The background. While it has seen strong growth, DeFi is still far from being effective on rates‍

👉 Why it matters. Morpho has developed a system that makes it possible to offer more attractive rates for both lenders and borrowers.

Web3 is a huge ocean where many projects are developing. Some want to offer new services or improve an existing system. Others want to shake up their industry. Morpho falls into the latter category.

Created in 2021, the French project, whose symbol is a butterfly (we'll come back to the importance of the symbol below) is still a little-known player in decentralised finance, more commonly known as 'DeFi'. But for how much longer?

Because the project, which has just raised $18 million from 90 investors including the prestigious US fund Andreessen Horowitz (A16z), has no shortage of ambition. "Decentralised finance is something incredible, but it lacks efficiency, and our aim is precisely to improve it," explains Paul Frambot, co-founder of Morpho Labs, the company that designs the Morpho protocol.

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