Standard Crypto

Standard Crypto is a venture capital firm focusing on the cryptocurrency and blockchain space. They partner with entrepreneurs and communities to build the future of the internet, marketplaces, and money through blockchain technology.

With a belief in the transformative power of crypto and a long-term perspective, Standard Crypto supports projects from their earliest stages, bringing deep technical expertise and a hands-on approach to company building in the crypto ecosystem.

Funded

Lido

### What Lido is an open source tool and family of protocols that enables users to mint liquid staking tokens (sTokens) - These liquid staking tokens receive rewards from validation activities of writing data to the blockchain, but unlike their staked counterparts, are "unlocked" which means they can be used in other on-chain activities, like DeFi. Lido protocols let users stake native tokens (ETH, MATIC, SOL) from Ethereum, Polygon, and Solana networks in a fully permissionless way. And as the protocols are deployed on public blockchains, users do not need the website to access the smart contracts. ### Why Traditional staking means that users need to lock-up their ETH or other native asset to be able to secure the network and receive the respective rewards. However, this means that these tokens can't be used for anything else while they are staked. Lido aims to solve this problem. Lido protocols give users liquidity - users are able to receive staking rewards from validation activities, but can sell their stTokens (tokens minted on Lido) anytime they want to exit their staking position. In addition, it allows users to participate in DeFi while getting rewards - Because sTokens are unstaked and thus "liquid", users can use stTokens as building blocks in DeFi protocols at the same time as getting staking rewards from validating activities. The Lido DAO also works with experienced node operators, which decreases the likelihood of technical mistakes that could lead to slashing or penalties and minimizes the technical burden for users to receive staking rewards. Users supply the stake, and the node operators supply the know-how.

Morpho

Morpho Blue is a decentralized protocol enabling the overcollateralized lending and borrowing of crypto assets (ERC20 Tokens) on the Ethereum Virtual Machine. The protocol is implemented as an immutable smart contract, engineered to serve as a trustless base layer for lenders, borrowers, and applications. Morpho Blue is licensed under a dual license (BUSL-1.1 and GPLv2) which you can find [here](https://github.com/morpho-org/morpho-blue/blob/main/LICENSE). Once deployed, Morpho Blue will function in perpetuity, provided the existence of the Ethereum blockchain. ### Why Within a year, Morpho has become the third-largest lending platform on Ethereum, with over $1.5B in deposited assets. Morpho's initial version, Morpho Optimizer, operates on top of Compound and Aave to enhance the efficiency of their interest rate model. But consequently, Morpho Optimizer’s growth is constrained by the current underlying lending pool design. In particular, the current lending paradigm is: - Not Trustless: It relies heavily on its DAO and trusted contractors to monitor and update hundreds of risk parameters daily or upgrade large smart contracts. - Not Efficient: It provides inefficient rate spread, low collateralization factors, and charges fees to maintain the platform itself. - Not Flexible: It has a limited number of assets listed. Users have no choice but to subscribe to the one-size-fits-all risk-return profile proposed by the DAO. Although DeFi lending has grown rapidly under existing protocols like Aave and Compound, we need to rethink decentralized lending from the ground up to reach the next order of magnitude. Having spent two years developing the most significant platform built on top of these onchain funds, Morpho is uniquely positioned to recognize and address its limitations. As anticipated in the initial whitepaper, Morpho must metamorphose to become fully autonomous and improve the current state of DeFi lending. We call this evolution Morpho Blue 🟦.