Morpho

Morpho (operating at morpho.org) is an open-source decentralized finance (DeFi) lending network and protocol primitive engineered to optimize capital efficiency across Ethereum and EVM-compatible blockchains. Founded in 2021 by Paul Frambot, Merlin Egalité, Julien Thomas, and Mathis Gontier Delaunay and headquartered in Paris, France, Morpho replaces rigid pool-based interest protocols and wide borrow-supply spreads with an immutable, modular lending infrastructure. Under the hood, Morpho features isolated lending markets (Morpho Blue) and curator-managed yield vaults (MetaMorpho), allowing builders, fintechs, and institutional asset managers to deploy permissionless risk parameters, create tailored lending pairs, and achieve peer-to-peer interest optimization. Backed by over $70M in venture capital from prominent investors including Ribbit Capital, Andreessen Horowitz (a16z), Variant, Coinbase Ventures, and Pantera Capital, Morpho powers billions in on-chain liquidity while enabling decentralized governance through the Morpho DAO.