In an exclusive interview with Cryptonews, Paul Frambot, CEO of research and development company Morpho Labs, told the host Matt Zahab how the four co-founders raised millions for Morpho and what changes to DeFi trends the protocol aims to bring.
He told listeners how he envisages the next phase of DeFi, and why the Morpho Labs team opted for a minimalist approach, contrary to the current DeFi trends.
Finally, he touched upon the recent disagreement with Aaave, and Gauntlet leaving Aave to join Morpho Labs, as well as his opinion that DAOs are not suited for managing the risk of protocols.
In this interview, Frambot discussed:
Paul Frambot gave a wide-ranging interview, which you can watch above – or you can read a part of it below.
During his second and third years at the Institut Polytechnique de Paris, where he earned his Master’s degree in 2021, Frambot managed to raise millions over two rounds.
At the time, Frambot was studying consensus algorithms and distributed systems. He had an opportunity to meet “a bunch of researchers and interesting people” working in decentralized finance (DeFi) and blockchain.
This is how the first think tank around DeFi was created there. The members discussed what they could improve in DeFi, specifically lending.
Through the industry insiders, Frambot got in touch with investors and made his way into the VC world.
In the pre-seed round, the group raised $1 million for Morpho. They used the funds to hire a few people and do the first contract audits of the protocol’s first version.
A few months later, they raised more money, including from Andreessen Horowitz and Variant, with Frambot stressing that they have over 100 investors in Morpho.
That said, the four co-founders managed to raise $18
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