CoinVoice recently learned that the DeFi lending protocol Morpho initiated a community discussion on the transferability of MORPHO tokens. Morpho stated that as of July 15, 2022, the Morpho Association will deploy MORPHO tokens as non-transferable assets.
Non-transferability enables the Morpho DAO to grow the Morpho protocol and allows users and contributors who align with Morpho's long-term vision to gain ownership of the network. But to further Morpho's mission of making financial infrastructure a public good, everyone must be able to gain ownership and governance of the network. To do this, the MORPHO token must become transferable.
According to the encryption platform RootData, in August this year, Morpho completed a $50 million financing round led by Ribbit Capital, with participation from Hack VC, IOSG, Rockaway, L1D, Mirana, Cherry, Semantic, Fenbushi, Leadblock Bitpanda and Robot Ventures. The valuation has not been disclosed. Other heavyweights participating in the private token sale include a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower and Kraken Ventures. [Original link]
