One big raise led the pack of this week’s funding announcements: Morpho. The crypto lending firm said it raised $50 million in a round led by Ribbit Capital. 

A16z Crypto, Coinbase Ventures, Brevan Howard, Kraken Ventures and Pantera were among a long list of participants in the raise. 

“The potential impact of Morpho extends far beyond current DeFi markets, as the protocol is capable of becoming decentralized infrastructure to underpin a truly global, internet-native financial system,” the firm wrote.

Read more: Gauntlet will become a Morpho Labs Risk Curator days after its fallout with Aave

Morpho Blue, the lender said, has surpassed $1.7 billion in total deposits in the six…

Read more on Blockworks