We’ve just raised $175M, in a round co-led by @paradigm, @a16zcrypto, and @RibbitCapital, the largest raise DeFi has ever seen. Credit is the bedrock of our civilization, but the infrastructure underneath is fragmented, extractive, and closed to most of the world. That is what @Morpho is here to change. Morpho is building the open credit network for the world. The global credit market is $ 200T. We are building the infrastructure layer that will move it onchain, and every institution, fintech, and bank that wants to participate in the next era of finance will connect to this network. After four years of being heads down building Morpho, we now count more than $11B in deposits and integrations with leading financial institutions including @Coinbase, @Binance, @FireblocksHQ, @SG_Forge, @krakenfx, @Bitwise, and dozens of others building on Morpho to offer better products to their users. But this is just the beginning. This raise will allow us to accelerate: activating the global credit network at scale, building the go-to-market engine to match our ambition, and bringing more institutions onto the network faster. Having any kind of onchain strategy in this era will mean going through Morpho at some point. Reach out and let's talk. And if you want to help build the open credit network for the world, we have plenty of open roles. Let’s fly 🦋

String theory is probably a field that has set back quant trading by at least 10 years. Stealing top tier trading talent to do make believe 26 dimensional geometry, inflate boomer professors’s grant budget, and produce zero testable hypotheses or applications after 50 years

Fiat is a sham, the banking class is corrupt, decentralized digital currency and the blockchain are the inevitable future, and the incumbents will fight it to the death.

I know this may sound petty, but I can’t stand it when people put photoshop a meth pipe in my mouth. A crack pipe doesn’t have that little bowl at the end. This is why we can’t trust AI. Please make the appropriate edit. Thank you for your attention to this matter.

New Springer graduate series in math just dropped.

A remarkable paper appeared on arXiv tonight by Thomas Bloom, Will Sawin, Carl Schildkraut and Dmitrii Zhelezov. In this paper, they prove that there exists c>0 and arbitrarily large finite sets A of real numbers such that max(|A A|,|AA|)≤|A|^{2-c}. This disproves the well-known sum-product conjecture over the real numbers. The sum-product conjecture considers the two most basic operations: addition and multiplication. A A is the set of all pairwise sums of two elements in A while AA is the set of all pairwise products of two elements in A. (1/5)

A remarkable paper appeared on arXiv tonight by Thomas Bloom, Will Sawin, Carl Schildkraut and Dmitrii Zhelezov. In this paper, they prove that there exists c>0 and arbitrarily large finite sets A of real numbers such that max(|A A|,|AA|)≤|A|^{2-c}. This disproves the well-known sum-product conjecture over the real numbers. The sum-product conjecture considers the two most basic operations: addition and multiplication. A A is the set of all pairwise sums of two elements in A while AA is the set of all pairwise products of two elements in A. (1/5)

Following up on the suggestion from Will Sawin, here is an illustration of the new configurations that disprove Erdos' unit distance conjecture (made with the help of ChatGPT 5.5 Thinking).

It’s pronounced “Hermes”, not “Hermes”