MORPHO News & Analysis
2 articles
Market Mood
Morpho (DeFi) Raises $175 Million for Expansion and Infrastructure
Morpho has raised $175 million in new funding, making it one of the largest funding rounds for a DeFi platform. The protocol currently holds $11 billion in user deposits and aims to develop infrastructure and commercial integrations. The funding round was co-led by Paradigm and Andreessen Horowitz, with participation from firms including Apollo Funds and Circle Ventures. Notably, French bank Société Générale is utilizing Morpho's platform, illustrating the potential for collaboration between traditional finance and DeFi solutions.
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Kraken (BTC) Introduces Bitcoin Vault with 2.5% APY Rewards
Kraken announced a new feature allowing Bitcoin (BTC) holders to earn up to 2.5% APY through its 'Bitcoin Vault' service. Users can lock their BTC in this vault, earning rewards that accumulate automatically in their Kraken accounts. The yield is generated through on-chain strategies managed by DeFi partner Sentora, which utilizes popular protocols like Aave and Morpho. Unlike other platforms, Kraken notes that its rewards rate is based on actual strategies rather than promotional rates, and customers can withdraw funds at any time, subject to a processing delay of five days.
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