Latest news with #Morpho
Crypto Insight
4 days ago
- Business
- Crypto Insight
Fintech firms will move to DeFi lending within 3 years: Morpho co-founder
Financial technology (Fintech) companies may move away from traditional lending services, as decentralized alternatives offer more accessible loans with smaller fees. Decentralized finance (DeFi) lending protocols enable users to lend and borrow their cryptocurrency for passive income in a permissionless manner, via smart contracts instead of numerous financial intermediaries. The growing efficiency and accessibility of DeFi lending protocols may inspire more fintech companies to opt for them over centralized lending alternatives, according to Merline Egalite, co-founder of Morpho, the second-largest decentralized lending protocol. He told Cointelegraph during an exclusive interview at EthCC 2025: 'Fintechs have realized that integrating DeFi is a strategic move. If they don't do it, they will lag behind others because fintechs are competing on the UX and the product they give to users.' 'Fintechs are realizing that DeFi can provide a higher rate,' explained Egalite, adding that DeFi adoption can help financial institutions 'provide the best financial products,' in terms of lending and trading. This will inspire the lion's share of global fintech firms to migrate to DeFi within the next three years, he added. Morpho is the crypto industry's second-largest lending protocol, worth over $5.5 billion in total value locked (TVL) across 20 blockchains, behind AAVE's industry-leading $31 billion TVL, DefiLlama data shows. DeFi loans can present an important financial lifeline for global citizens without access to traditional banking infrastructure. DeFi's permissionless nature helps bypass traditional banking restrictions Increasingly more fintech firms are recognizing the advantages of DeFi's permissionless nature, which removes financial intermediaries and centralized risks involved in the lending and borrowing process. Fintech using traditional banking rails still risk losing their license or Application Programming Interface (API) access, Egalite said, adding: 'So are you hooked by large banks? In DeFi, you don't fear that because there are no intermediaries. You just trust the code itself.' While fintech firms already recognize these advantages, regulated yield-bearing products may inspire even more financial institutions to explore DeFi lending in the future, added Egalite. DeFi lending rose to a new cumulative all-time high of $66.7 billion in TVL on Friday, according to DefiLlama data. AAVE protocol's $31.7 billion TVL currently accounts for 47% of the total DeFi lending value, while Morpho's $5.5 billion accounts for over 8.2%. This marked a significant recovery for crypto lending, which saw a decline starting in 2022 when centralized finance (CeFi) lenders Genesis, Celsius Network, BlockFi and Voyager filed for bankruptcy within two years as crypto valuations fell. Source:
Business Insider
6 days ago
- Business
- Business Insider
Falcon Finance Tops $600M in USDf Supply as DeFi Demand Surges
Dubai, UAE, July 17th, 2025, Chainwire Synthetic dollar protocol Falcon Finance has announced that the total supply of its USDf synthetic dollar has surpassed $600M. The latest milestone, achieved just five weeks after crossing $500M, highlights the protocol's rapid growth and the increasing demand for its yield-generating asset that is being widely integrated into DeFi protocols. The total supply of the dollar-pegged USDf has been rising steadily for months and now stands at $648M, with a TVL of $685M, which represents the total value of crypto assets that have been deposited by its users. These assets are backed by a 115% overcollateralization rate that is fully verifiable through daily reserve attestations. Demand for USDf has been fueled by strong uptake of the Falcon Miles points program, complemented by enhanced transparency measures, such as daily proof-of-reserve attestations and the establishment of quarterly ISAE 3000 assurance reviews by Harris & Trotter LLP. The recent launch of the first onchain mint using tokenized U.S. Treasuries via Superstate's USTB has bridged real-world assets with DeFi liquidity, while a partnership with BitGo provides secure institutional custody and paves the way for fiat ramps and staking integrations. In addition, Falcon has expanded its cross-chain presence to XRPL EVM via Axelar and BNB Chain, boosting capital efficiency across the multi-chain landscape. Opportunities to utilize USDf have grown with integrations across DeFi protocols, including a USDf spot market on WOO X and Pendle tokens like PT-sUSDf on Morpho's lending and borrowing platform, allowing users to supply sUSDf as collateral while earning yield. After depositing stablecoins or crypto assets, including BTC and ETH, Falcon users can mint USDf, which serves as an overcollateralized stablecoin. Users who then elect to stake their USDf can mint a corresponding amount of sUSDf, the yield-generating version of Falcon's dual-token stablecoin. The yield available on sUSDf is variable but currently stands at an APY of 10.8%. It's designed to remain competitive through diversified sources, including funding rate arbitrage, cross-exchange strategies, and now tokenized real-world assets. Unlike other synthetic dollar protocols that rely solely on positive funding rate arbitrage, the yield distributed to USDf stakers is derived from multiple sources. This ensures a consistent yield regardless of market conditions. As part of its long-term user growth strategy, Falcon has expanded its Falcon Miles ecosystem-wide points program and is now rewarding activity across minting, staking, LPing, and referrals with up to 60x multipliers. The program includes retroactive drops and has extended to additional onchain integrations with the likes of Pendle, Euler, Morpho, Napier, and Spectra as the Falcon ecosystem evolves. With more chain integrations, additional vaults, and further expansions to Falcon Miles underway, Falcon Finance is rapidly advancing its goal of making USDf a cornerstone of the DeFi landscape. Contact Managing Partner
Business Insider
15-07-2025
- Business
- Business Insider
$TAC Token Debuts in TVL as TAC Mainnet Goes Live with Leading DeFi Protocols
Tortola, British Virgin Islands, July 15th, 2025, Chainwire $TAC token is now listed on leading exchanges including Bybit, Bitget, and Kraken. The token is also now live on trading platforms such as Wallet in Telegram and Binance Alpha. TAC's public mainnet is now live. Leading DeFi protocols, including Morpho, Curve, Bancor, Euler, ZeroLend, IPOR Fusion, and are now deployed on the public mainnet. The TAC Summoning Liquidity Campaign reached $800M in TVL. This liquidity will power the DeFi dApps on TAC. TAC, a purpose-built blockchain enabling EVM dApps to access TON and Telegram's growing blockchain-based economy, has launched its public mainnet and unveiled its native token, $TAC. $TAC token is now listed on leading exchanges including Bybit, Bitget, and Kraken. The token is also now live on trading platforms such as Wallet in Telegram and Binance Alpha. The token release delivers an on-chain currency that fuels TAC gas fees, staking, and governance across TAC's Ethereum-compatible Layer-1. Alongside the token launch, TAC's public mainnet is now live. Leading DeFi protocols, including Morpho, Curve, Bancor, Euler, ZeroLend, IPOR Fusion, and are now deployed on the public mainnet. The TAC Summoning campaign, a liquidity bootstrapping campaign launched in collaboration with Turtle Club, a liquidity distribution protocol, accumulated over $800 million in TVL. The liquidity that this has bootstrapped will ensure robust markets from day one, solving the cold-start problem that typically affects new DeFi ecosystems. $TAC Token Utility and Role in the Network $TAC serves three indispensable roles. First, it is the exclusive gas token on TAC EVM, including back-end logic that converts TON-denominated fees into $TAC, creating continuous buy-pressure as network activity scales. Secondly, it enhances network security through a delegated proof-of-stake (DPoS) mechanism, where validators are required to bond $TAC to participate in block production. Token holders may also delegate their $TAC to validators, with current protocol estimates indicating potential annualized returns in the range of 8–10%. Third, $TAC unlocks on-chain governance, allowing stakers to direct upgrades, incentive programs, and the community treasury. TAC token is launching in a live and vibrant ecosystem with $800mn TVL, with a variety of high-quality assets, blue-chip dApps, and DeFi use cases. 'TAC enhances the TON ecosystem with a ready-to-use DeFi layer, battle-tested and live from day one,' said Pavel Altukhov, co-founder of TAC. 'This marks a major step not just for TON, but for Telegram's evolution into a true super app, as builders can now integrate the most mature blockchain use case into products directly reaching a billion users.' With the public listing, TAC will distribute validator grants, activate liquidity incentives on partner DEXs, and open proposals for its first community-led growth programs. Built to Scale with Major Infrastructure Partnerships TAC is a layer 1 blockchain built using a CosmosEVM architecture, ensuring seamless compatibility with Ethereum's Cancun hard fork. It is secured through a Tendermint-based Delegated Proof-of-stake (DPoS) consensus mechanism and the native $TAC token, enabling about 2-second block finality and allowing users to delegate their tokens to trusted validators. Security is further strengthened by TAC's integration with Babylon, which introduces Bitcoin staking to enhance consensus validation. TAC has also established partnerships with leading infrastructure providers, including LayerZero, RedStone, Blockscout, Dune, and Thirdweb, laying the groundwork for a powerful, scalable, and developer-friendly ecosystem. TAC's mainnet launch comes after the company announced that it had raised a total of $11.5 million across its seed and strategic funding rounds, led by Hack VC, on June 18. TAC is a purpose-built blockchain for EVM dApps to access TON and Telegram Ecosystem's 1B+ user base. TAC makes it seamless for Ethereum dApps to be deployed on TON. EVM functionality and liquidity brought to the TON ecosystem enable builders to focus on consumer use cases. Contact PR
Yahoo
11-07-2025
- Business
- Yahoo
Material World: Sparxell Spills Ink, Modern Meadow Moves Mercedes
Material World is a weekly roundup of innovations and ideas within the materials sector, covering news from emerging biomaterials and alternative leathers to sustainable substitutes and future-proof fibers. Sparxell and Positive Materials have joined forces. More from Sourcing Journal H&M's & Other Stories' Ocean-Inspired Drop Features Keel Labs' Seaweed-Based Fibers Three Material Innovators Unite on Biobased Mash Up Concept Shoe Turning Farm Leftovers into Fashion's Future The Cambridge-based color platform technology company announced the launch of its first textile ink (derived from its dye-free pigments) in partnership with the PDS Group's textile company. 'This textile ink launch transforms how brands can access our breakthrough technology. For too long, the textile industry had no choice other than to accept that vibrant colors meant environmental damage. Sparxell's bio-inspired technology shatters that assumption, delivering exceptional results from plant-based cellulose,' Benjamin Droguet, founder and CEO of Sparxell, said. 'This is just the beginning—our vision is to make bio-inspired color technology the new standard across fashion, proving that high performance and working in harmony with nature are perfectly aligned.' Sparxell's textile ink is 'available from the end of June,' with printing orders processed through Positive Materials. Partnership rollout includes an all-over printed cotton jersey featuring Sparxell's technology, available starting in September in European markets. The spin-out startup's textile ink yokes the same structural color principles found in Morpho butterfly wings, 'engineering plant-based cellulose at the microscale to create vibrant colors through light manipulation rather than chemical formulas.' Positive Materials supports the validation and scale-up of Sparxell's breakthrough, the partners said, by integrating it into its existing production infrastructure—delivering the manufacturing expertise and operational capacity needed to take the technology from prototype to production-ready. On Sparxell's side, the team can then scale production alongside maintaining sustainability standards during the manufacturing process. 'Rather than requiring custom development projects, fashion designers and procurement teams can now order the most sustainable colorant options out there as easily as conventional alternatives, but with the added benefit of containing 100 percent biodegradable pigments that are free from toxic chemicals,' Elsa Parente, co-CEO and CTO of Positive Materials, said. 'Our collaboration with Sparxell represents exactly the kind of innovation the textile industry needs, aligning perfectly with our mission to create low-impact textiles that don't compromise on performance.' The launch builds on Sparxell's recent commercial momentum, including a nearly $2 million grant from the European Innovation Council and participation in LVMH's La Maison des Startups accelerator program. Spiber has landed a few new partners ahead of the trade show summer season, as Japanese biotech venture company announced its partnerships with Manifattura Sesia and Achille Pinto. Known for adopting responsible materials and providing refined quality, the Manifattura Sesia partnership yielded yarn blends containing 30 percent Brewed Protein fiber combined with wool. The Italian knitwear producer developed three variations of its T-Gen yarn—short for 'technological generation yarns.' The resulting material is soft to the touch and weighs less than pure wool. 'The combination of Spiber's Brewed Protein fiber with a selection of Superfine Merino Wool certified RWS and Nativa makes these yarns a cutting-edge example in our search for sustainable textile solutions,' said Chiara Serra, creative director of Manifattura Sesia. 'T-Gen represents another milestone in the path that Manifattura Sesia started years ago: creating ever more responsible yarns, with a quality designed to stand the test of time.' Spiber's partnership with Achille Pinto—an Italian premium mill known for its high-detail jacquards and printed textiles—has resulted in new collections containing 15–30 percent Brewed Protein fiber blended with silk and wool. 'These are the first and only textiles in Europe to combine Brewed Protein fiber with silk,' Spiber said. 'Moreover, Achille Pinto is the first European manufacturer to demonstrate printing capabilities on Brewed Protein fabrics.' Zegna Baruffa Lane Borgosesia (ZBLB) developed two brewed yarns, combining the properties of Brewed Protein fiber with ZBLB's expertise in spinning and finishing merino wool. The company offers a variety of colors with 30 percent Brewed Protein fiber and 70 percent RWS wool as well. In addition, Botto Giuseppe renewed its 100 percent Brewed Protein yarn from the previous season and remains the only mill in Europe currently offering the entirely worsted yarn. Marzotto Group has renewed its textile collection 'FiberPro' from the previous season with 30 percent Brewed Protein blend fabrics and will present five new tailoring qualities. Japanese fiber distributor Takisada-Nagoya, meanwhile, will unveil over 20 new fabric collections. All new developments and samples will be on display at Spiber's booths at Pitti Filati and Milano Unica. Modern Meadow has entered a development partnership with Mercedes-Benz. The German luxury automotive brand leveraged the New Jersey-based biofabrication company's Innovera to develop a bio-design leather alternative for Mercedes' technology program, Concept AMG GT XX. Ideally, the partnership will further develop Modern Meadow's Innovera for series production and, ultimately, set a new standard in vehicle interiors. 'In our development partnership with Mercedes-Benz, we have used Innovera to create a new luxury leather alternative without sacrificing aesthetics, versatility and texture,' said CEO David Williamson. 'It looks and feels as good as it performs.' Innovera achieves more than 80 percent renewable carbon content and is completely animal-free. It requires no 'special preservation' or storage conditions—reducing complexity and costs—and is adaptable to any standard manufacturing process. The leather alternative consists of a combination of chemically recycled AMG GT3 racing car tires, plant-based proteins and biopolymers. In the Concept AMG GT XX, one scrap tire provides the basis for about four square meters of Innovera. The black seat pads of the bucket seats are covered with the Nappa-look variant. The bio-design means the leather alternative is breathable, waterproof and lighter than traditional materials, of which its maximum tensile strength is twice as high. With these properties, Modern Meadow said the material represents the 'new dimension of performance,' which the technology program stands for in the vehicle's interior. Modern Meadow's bio-design technology used to create this leather alternative included recycled racing tires that were used in 'tough competition' on AMG GT3 customer racing cars as well. Balena and Stella McCartney's partnership has hit the market. 'I mean this is insane. My shoe designer came up to me and said, 'smell the sole.' It's made of cinnamon waste. It smells of cinnamon,' Stella McCartney said in a statement. 'And it's basically 100 percent plant based, recyclable and biodegradable textile. It's a closed-loop production, so it ensures completely zero waste. It is mind-blowing.' The next-gen material science company's innovative material, BioCir Flex, is featured in the sustainable designer's 'highly anticipated' S-Wave Sport trainers for McCartney's autumn 2025 collection. Balena's BioCir Flex is a non-toxic, compostable, recyclable and biobased alternative to traditional plastics. BioCir Flex absorbs impact, responds to motion, is as durable as TPU and as flexible as rubber. It's dyed with natural cinnamon, too. 'This collaboration represents more than just a partnership, it's a shared commitment to shaping a future where materials are truly circular, sustainable, and high-performance,' said David Roubach, founder and CEO of Balena Science. 'Seeing BioCir Flex brought to life in a Stella McCartney design, and now available for consumers worldwide, is a milestone I could only dream of when we began this journey. Stella has long been a beacon of responsibility and innovation in fashion, and we're proud to help push the industry forward together.'
Fashion Network
04-07-2025
- Business
- Fashion Network
Sparxell launches first industrial textile ink made without dyes or plastics
British color tech startup Sparxell has joined forces with Portuguese innovation lab Positive Materials to unveil the world's first industrial textile ink made entirely without chemical dyes or synthetic plastics. Harnessing plant-based structural color—an innovation inspired by nature—the biodegradable ink delivers high-performance results while offering fashion and manufacturing industries a scalable, sustainable alternative to traditional colorants. According to Sparxell, this is the world's first commercial ink that eliminates both chemical dyes and mineral-based additives while still meeting the performance standards required for large-scale textile production. The product is designed to appeal to a wide range of users—from independent designers to major global fashion brands. The color system draws inspiration from nature's own palette, specifically the structural coloration found in the wings of the Morpho butterfly. Rather than relying on artificial colorants, Sparxell's ink generates color through microscopic structures derived from plant-based cellulose. These structures manipulate light to produce vibrant, lasting hues. 'This launch opens the door for manufacturers to access high-performance color technology without compromising sustainability,' said Benjamin Droguet, co-founder and CEO of Sparxell. 'For too long, vibrant color has come at the planet's expense. Our goal is to make bio-based color a new industry standard—and this is just the beginning.' The first pigment available in this range is blue, offered in both matte and glossy finishes. Orders and industrial integration will be managed by Positive Materials, which will also oversee implementation within existing manufacturing systems. A printed cotton T-shirt made exclusively with Sparxell's new pigment is scheduled to debut in Europe this September. The company has announced plans to expand its color range over the coming months, offering broader customisation options and a complete spectrum of shades for the industry. Droguet and co-founder Silvia Vignoli developed Sparxell's technology during their research at the University of Cambridge. Their partnership with Positive Materials transformed it from a lab-scale prototype into a full-scale industrial application. 'Our collaboration with Sparxell is exactly the kind of innovation the fashion industry needs,' said Elsa Parente, co-CEO and CTO of Positive Materials. 'We're offering brands a sustainable color solution that's as accessible and effective as conventional options—minus the environmental harm. The pigments are 100% biodegradable and entirely free of toxic chemicals.'
