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Apollo Global to Acquire 90 Million MORPHO Governance Tokens in DeFi Deal

The asset manager plans to purchase up to 90 million MORPHO tokens over four years, equal to 9% of the DeFi lending protocol’s governance supply.

MORPHO

Summary

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Terms & Concepts
  • DeFi: Decentralized Finance; blockchain-based financial services that operate without traditional intermediaries like banks.
  • Governance Token: A cryptocurrency that grants holders voting power over a protocol’s decisions and development.
  • MORPHO: The governance token of Morpho, a decentralized lending protocol that enables peer-to-peer cryptocurrency loans.