DeFi Lending Protocol Morpho Raised $18M Co-led by a16z and Variant

DeFi lending protocol Morpho announced that it has closed an $18m funding round co-led by a16z and Variant, with participation from Coinbase Ventures, Nascent, Semantic Ventures and others. Morpho is an improvement layer built on existing lending protocols, aiming to move loans from liquidity pools into a peer-to-peer mechanism to offer higher yields for investors. Currently, Morpho is built on Compound, and plans to integrate with Aave.