APR 8, 2026a16z crypto, Robert Hackett, Sonal Chokshi
How DeFi lending actually works (with Paul Frambot, cofounder and CEO of Morpho Labs)
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DeFi provides permissionless global capital access
“What onchain lending could change is the future of finance by providing broader access to capital.”
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Modular primitives maximize capital efficiency
“Morpho functions as a layer to make lending markets more transparent and efficient.”
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Immutable code replaces opaque counterparty risk
“Open blockchain infrastructure could make lending markets more transparent and competitive.”
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Institutions require customizable risk infrastructure
“Why institutions are starting to pay attention is the shift toward more customizable financial products.”
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Open protocols foster competitive financial markets
“His longer-term view is a financial system with broader access and more competitive products.”