a16z crypto show
from: a16z crypto show
a16z crypto, Robert Hackett, Sonal Chokshi
PUBLISHED: APR 8, 2026INDEXED: APR 14, 2026, 2:17 PM

How DeFi lending actually works (with Paul Frambot, cofounder and CEO of Morpho Labs)

Key Takeaways

  • DeFi provides permissionless global capital access

    What onchain lending could change is the future of finance by providing broader access to capital.

    Paul Frambot
  • Modular primitives maximize capital efficiency

    Morpho functions as a layer to make lending markets more transparent and efficient.

    Paul Frambot
  • Immutable code replaces opaque counterparty risk

    Open blockchain infrastructure could make lending markets more transparent and competitive.

    Paul Frambot
  • Institutions require customizable risk infrastructure

    Why institutions are starting to pay attention is the shift toward more customizable financial products.

    Paul Frambot
  • Open protocols foster competitive financial markets

    His longer-term view is a financial system with broader access and more competitive products.

    Host/Guest
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Episode Description

Morpho cofounder and CEO Paul Frambot joins us to discuss how onchain lending could change the future of finance. He explains what Morpho does, the biggest misconception in DeFi lending, why institutions are starting to pay attention, and how open blockchain infrastructure could make lending markets more transparent, competitive, and efficient. Paul also shares his longer-term view of a financial system with broader access to capital and more customizable financial products.

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