Paul Frambot, CEO of Morpho Labs, on DeFi 2.0, Modular Layered Protocols, and The Next Evolution of DeFi
In an exclusive interview with Paul Frambot, CEO of research and development company Morpho Labs, he discussed the future of decentralized finance (DeFi) and the changes that the Morpho protocol aims to bring. Frambot shared insights into liquid staking and yield farming, the next evolution of DeFi spending, and the shift from monolithic to layered protocols in 2024. He also discussed the recent disagreement with Aave and Gauntlet leaving Aave to join Morpho Labs. Additionally, Frambot expressed his opinion that decentralized autonomous organizations (DAOs) may not be suited for managing the risk of protocols.
Students Raising Millions
During his second and third years at the Institut Polytechnique de Paris, Frambot managed to raise millions for Morpho over two funding rounds. He had the opportunity to meet researchers and professionals working in DeFi and blockchain, which led to the creation of a think tank focused on improving lending in DeFi. Through industry connections, Frambot was able to connect with investors and raise $1 million in a pre-seed round. Later on, they raised more money from investors including Andreessen Horowitz and Variant, totaling $18 million while still in university.
DeFi 2.0: Moving from App to Infra
Frambot explained that DeFi 2.0 involves moving from app-centric protocols to infrastructure-focused protocols. He highlighted that earlier protocols like Maker, Uniswap, Aave, and Compound were self-contained and user-friendly but lacked scalability for additional features. To address this limitation, Morph
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