Yannis Heyken

Co-Founder of Prelude

[Morpho 🦋 @Morpho]

Built exclusively on Morpho Midnight.

@TenorFinance is live.

[Paul Frambot 🦋 @PaulFrambot]

Morpho Midnight is live.

This is our most ambitious step yet, introducing what onchain finance was missing: giving the users the ability to set their rates and terms.

Midnight opens up many possibilities for fintechs, institutions, and credit desks alike, offering a level of customization, predictability and control that has never been possible before onchain.

This new protocol brings us closer to building the open credit network for the world, and bringing the $200 trillion global credit market onchain. It enables new kinds of markets, which attract new assets and new distributors. Those attract new curators, and new curators bring in even more loans, creating a flywheel that drive onchain credit forward.

Let’s fly 🦋

[Extended @extendedapp]

eToro leads a strategic investment in Extended

@eToro is now a strategic investor in Extended. The investment round also marks the beginning of a partnership between Extended and @Zengo, a self-custody wallet recently acquired by eToro. The partnership will focus on expanding access to global financial markets through next-generation on-chain infrastructure. Together, we will explore opportunities to bridge traditional financial assets and decentralized trading environments.

[Morpho 🦋 @Morpho]

Robinhood Earn, powered by Morpho

Millions of eligible @RobinhoodApp users can now earn onchain yield from a Morpho Vault curated by @SteakhouseFi via noncustodial wallets.

This is how we bring the benefits of onchain finance to the world.

[Morpho 🦋 @Morpho]

Morpho Association has raised $175M to build the open credit network for the world.

Co-led by @paradigm, @a16zcrypto, @RibbitCapital with strategic participation from @apolloglobal, @vaneck_us, @circle_ventures, and @Ledger @Cathayinnov.

The round also included participation from @variantfund, @wmt_ventures, @preludexyz, @IOSGVC, @HashKey_Capital, @sbigroup, @Bpifrance, @mirana, @bamazizimesh, NJJ Capital and 10+ other strategic partners.

The funding will help accelerate Morpho's position as the foundation for onchain credit.

[Exponent @ExponentFinance]

Exponent v2 is now live - built for those who outperform

Launching with flagship markets, Strategy Vaults, and a $200K+ rewards campaign.

Welcome to the platform for the next generation of rate markets and onchain capital.

[Brett Sun @sohkai]

Publishing our @preludexyz Q1 market commentary.

A year ago we shared our vision of how we thought DeFi would converge with TradFi. This year it's exciting to cover the progress as it plays out in real time:

- All assets are coming onchain
- Institutions are choosing crypto

[Exponent @ExponentFinance]

Today we’re announcing our $5 million seed round, led by @Multicoin

This funding directly supports Exponent’s next phase: becoming the premier platform for onchain portfolio construction

[Tenor @TenorFinance]

M̶o̶r̶p̶h̶o̶ ̶M̶a̶r̶k̶e̶t̶s̶ ̶V̶2̶ -> Morpho Midnight

For those wanting an early look at what we've been building on Midnight, Morpho's new intent-based fixed rate lending protocol — reach out. We're kicking off the Tenor Private Beta in the coming weeks as Midnight and Tenor contracts move through audits

[Brett Sun @sohkai]

Excited to be exploring new forms of money in a post quantum world.

Join us next weds (Mar. 11) if you're in London!

[Ray @Ray_L1D]

Now is the time to put our balance sheet to work. We are actively investing in L1D, growing our team, and warehousing positions. Our conviction in crypto has never been stronger.

[Extended @extendedapp]

Extended was among the first perp DEXs to launch commodities and index perps in Spring 2025.

The next step is equities.

Extended is launching its first six equity perpetual pairs. Equity perps have not yet truly scaled onchain for one reason: liquidity. Extended is building to solve it - with further updates to follow.

[Gondor @gondorfi]

Borrow against your Polymarket positions

Live now, sign up below

[Patrick Mayr @pat_mayr]

We're excited to lead @gondorfi’s pre-seed round. Prediction markets have established themselves as mainstream financial and information markets. Gondor is building the DeFi layer for the ecosystem, starting with borrow/lend and leverage products for Polymarket users.

[Luca Prosperi @LucaProsperi]

This is what I tell all projects who ask me the same thing.

[Patrick Mayr @pat_mayr]

The investment approach @preludexyz is investing into companies that leverage crypto to solve problems and create new, compelling products in their chosen industry

Some examples from the portfolio:

@Courtyard_io uses NFTs and embedded wallets to enable a next-gen consumer experience
@MorphoLabs uses smarts contracts and tokens to build a new fintech lending platform
@HairDAO_ is a biotech that uses tokens to incentivize a distributed network of contributors to help in developing new hairloss treatments

Crypto is not a vertical. It's a platform that eventually companies across all industries will leverage

[Patrick Mayr @pat_mayr]

Congrats to @eliasimos, @ariskkol and the rest of the @ratedw3b team on their acquisition to @Figment_io!

[Gregory Jessner @GregJessner]

Launching Narval’s DeFi Gateway

Institutions want DeFi access. Custodians want a safe, scalable way to offer it.

Now they can. 👇

[rf.extended @rf_extended]

I think it is a good time to share early metrics with the community:
1. TVL: $51M (+$12M in the last week)
2. OI: ~$50M
3. Volume: ~$180M/day (average L7D)
4. Daily active users: ~1,100
5. Daily new users: >100

In the last week, we also saw increased social activity from the community, and we appreciate all the support, both in terms of product feedback and growing awareness. The team is working hard to push new product releases as well as grow the community.

[Patrick Mayr @pat_mayr]

I wrote about our investment approach @preludexyz and the connective tissue between all of our investments. We like to say that we invest in companies that export crypto to the rest of the world.