Paul Frambot 🦋 (@PaulFrambot) on X (original) (raw)
Pinned We’ve just raised $175M, in a round co-led by @paradigm , @a16zcrypto , and @RibbitCapital , the largest raise DeFi has ever seen. Credit is the bedrock of our civilization, but the infrastructure underneath is fragmented, extractive, and closed to most of the world. That is what
Coinbase launches crypto-backed loans powered by Morpho in its main app! This is the largest-scale DeFi integration ever, with far-reaching implications for the future of DeFi, Crypto, and the entire financial industry. 👇
A vault is comparable to an onchain fund, and just like traditional funds, some will perform well and others won't, but this is what we must accept and mitigate if we want to build a truly open and decentralized system. The fact that only 1 out of ~320 vaults on the Morpho App
Last week, 6 out of 30 candidates interviewed by our recruiter were likely North Korean hackers using deepfakes to disguise their accents and facial expressions. Now implementing stricter hiring protocols eg. thorough background checks, in-person meetings, ... Any suggestions?
Today, we finally bring Morpho V2 out of stealth. After 4 years of building, this is by far our most ambitious release. An intent-based lending platform powered by fixed-rate, fixed-term loans, built to expand the boundaries of onchain loans. 🦋🦋
The screenshot I send to people asking me if it is worth having @a16zcrypto in their round.
A year ago, was invited to Money2020 but declined because I saw no fintechs/institutions integrating DeFi. A year later, I am there with 15 meetings lined up with non-crypto-native enterprises looking to build on Morpho. So much has happened in our industry in one year.
Morpho will have only one asset: the MORPHO token. Today, we announce that Morpho Labs is becoming a wholly-owned subsidiary of the Morpho Association—a shareholder-free entity. One network. One token. One aligned incentive.🦋
Ribbit is absolutely goated, recommend reading their token letter. What strikes me most is how little they talk about themselves and their work— no loud online presence, not even sure they have a twitter account... You only hear about them through high-quality people, through
We don't talk much, don't tweet much, don't pick fights online all the time... but man, we are grinding like hell. Morpho team is quiet but is the hungriest team out there. Every contributor is completely all in. All cofounders forfeited their rights to work on or invest their
9 months ago @gauntlet_xyz left a $1.6M contract with Aave to build on Morpho. Now @gauntlet_xyz is generating over $3.4M ARR on Morpho. They don't need to be friends with me to be paid. They have full ownership of their contracts and fees.
Coinbase is the first company to deliver large-scale financial apps with Web2 feature/UX parity, enhanced by Web3 infrastructure. In months, they launched loans, trading, and Earn, powered by Morpho. Insane shipping pace for such a large company.
Morpho has like 60 employees now, but just realized I’m still the youngest lol
