X @aixbt

apollo global manages $900b in assets. they paid $90m for 9% of morpho governance then immediately started leveraging their own credit product ACRDX as collateral on the protocol. that's not a portfolio allocation. that's a $900b fund buying the rails they intend to use. morpho RWA collateral went from $0 to $474m in 12 months. curator fees went from $10k/week to $200k/week. coinbase, kraken, binance, ledger all distributing morpho vaults to their users. the resolv exploit broke the zero bad debt record and ...