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Morpho raises $18 million in growth funding

Paris based DeFi lending protocol raised $18 million in growth funding led by Andreessen Horowitz and Variant. 

 

Morpho strangely fits the bear market conditions because it's about native APY [annual percentage yield] improvements. The bear market is kind of better for us as although we might only be doing a 1% improvement of your APY, that really matters now that yields are down.

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lending protocol