Pharos Network Teams Up With Morpho, Launching Native RWA Lending Infrastructure
Main Idea
Pharos Network, a Layer-1 blockchain focused on real-world asset finance (RWAfi), has partnered with Morpho, a lending network, to integrate Morpho's lending infrastructure into Pharos, aiming to enhance flexible credit markets and composability in the RWA ecosystem.
Key Points
1. Pharos Network collaborates with Morpho, a lending network with over $9 billion in deposits, to bring Morpho's lending infrastructure to Pharos.
2. The partnership aims to support flexible credit markets for asset creators and aligns with Pharos' broader RWAfi strategy.
3. Morpho's protocol will fuel the upcoming launch of the Pharos vault, enhancing composability with Pharos' existing infrastructure.
4. The real-world asset (RWA) market has grown nearly 60 times in recent years and is projected to reach $600 billion by the end of the decade.
5. The integration is designed to enable experimentation with RWA yield and capital, emphasizing transparency and scalable credit systems.
Description
The alliance of two relatively recent entrants into the crypto space enables them to tap into the steadily developing real-world asset market. A Vision Of Growth In a press release shared with CryptoPotato, Pharos Network, a Layer-1 (L1) blockchain focused on real-world asset finance (RWAfi), has joined forces with Morpho, a lending network with over $9 billion in deposits. The collaboration will bring Morpho’s lending infrastructure to the Pharos mainnet, marking an inaugural step towards insti...
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