Pantera Ventures into DeFi with New Investment
According to Pantera, Morpho aims to create a more resilient risk assessment platform with user control, featuring a distinctive lending pooling and matching mechanism.
Pantera Capital, a U.S.-based hedge fund, has disclosed its investment in the decentralized lending protocol Morpho, withholding the specific amount of the investment.
Previously, Morpho secured $18 million in funding led by Andreessen Horowitz and Variant through a native token sale in July 2022.
Morpho’s protocol, Morpho Blue, serves as a foundation for various protocols and applications, enabling external risk management and integration into institutional risk and compliance systems.
Unlike other DeFi protocols that rely on third parties for risk management, Morpho empowers end-users to select risk assessors. Currently, Morpho boasts over $970 million in total locked value.
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New York-based research firm Gauntlet has announced its collaboration with Morpho to design and manage risk for its lending vaults.
Pantera Capital has yet to provide additional details regarding the investment.
Alexander Stefanov
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