DeFi lending platform Morpho has received $775 million in deposits from Stable, a stablecoin blockchain backed by Bitfinex.
The fund will be co-ordinated by vaults managed by risk manager Gauntlet and distributed across multiple vaults at Morpho, which is currently the eighth-largest DeFi protocol by total value of locked positions (TVL), the platform revealed in a post on the X platform (formerly Twitter) on Wednesday morning.
Morpho also announced today that its application now supports the Ethereum Layer2 scaling solution Optimism. According to DeFiLlama, the total value of DeFi lock-ups (TVL) in the Optimism ecosystem is currently around $350 million.
Morpho Receives $775 million Stable Deposit and Adds Support for Optimism
2025-10-30 03:20:19
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