Morpho receives $775 million in stablecoin pre-deposits and adds support for Optimism
Jinse Finance reported that the DeFi lending platform Morpho has received $775 million in pre-deposits from Stable (a stablecoin blockchain supported by a certain exchange). The platform revealed in a post on X (formerly Twitter) on Wednesday morning that these funds will be managed by a treasury overseen by the risk management firm Gauntlet and allocated to multiple Morpho vaults. By total value locked (TVL), Morpho is currently the eighth largest DeFi protocol. Morpho also announced today that its application now supports the Ethereum Layer2 scaling solution Optimism. According to DeFi data platform DeFiLlama, the total value locked (TVL) in the Optimism DeFi ecosystem is currently about $350 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Stock Market Movement | Intel (INTC.US) Surges Over 9% at Open with AUO Joint Layout in Advanced Micro LED Packaging
On Monday, Intel (INTC.US) surged at the opening, rising more than 9% at the time of reporting, with an increase of over 30% in September.
Arm Holdings rose 8.2% intraday, with bullish options surging as much as 237%
All three major U.S. stock indices opened higher, with Intel up 7.3%.
Crypto prices
More
