Our story
Morpho's mission is to make financial infrastructure a public good.
Financial infrastructures form the backbone of any economy. They are foundational systems where participants in multi-sided markets come together to settle financial operations. Yet, every layer of the financial infrastructure lacks openness, efficiency, and resilience.
To address these problems, we believe financial infrastructures should not be private but rather public goods. We believe this can be achieved by building finance like the internet, where unopinionated protocols layered on top of one another led to an explosion in development, efficiency, creativity, and value creation.
Finance can experience this same phenomenon if it is rebuilt in a similar fashion.
History
- 2021: Founded while co-founders were at university and secured $1M to bring Morpho to life.
- 2022: Raised a further $18M and launched Morpho Optimizer, an optimization layer on top of Aave and Compound that improved user interest rates and reached $500M in deposits.
- 2023: Published White Paper for Morpho, an independent protocol that would serve as the foundation of a new borrowing & lending ecosystem while Morpho Optimizer reached $2B in deposits.
- 2024: Launched Morpho & Morpho Vaults, transitioning from application to infrastructure, and reached $6B in deposits.