
Crypto lender Morpho bucks DeFi trend as nonprofit absorbs development team
Morpho's nonprofit arm will absorb Morpho Labs SAS. The move addresses perceived tension between equity investors and token holders. Founder Paul Frambot said Morpho should reinvest revenue, rather than distributing it among tokenholders. In an unusual move in the world of decentralised finance, crypto lender Morpho said Friday it would merge its nonprofit and for-profit […]