apollo just mass-bought 90m MORPHO tokens for $112.5m with a 7.5x to 30x voting power multiplier on governance. they didn't buy a token. they bought control over which collateral gets approved on a $7b TVL lending protocol generating $260m annualized revenue. fee switch is still off. $865m market cap. apollo runs an $840b credit book and already operates a leveraged credit vault on morpho routing private credit deals through onchain infrastructure. when they push governance to flip fee capture on, 30% take ...

According to DeFiLlama data, Aster captured $14.33 million in fees over the past 24 hours, ranking as the second-highest protocol globally in fee capture, surpassing Circle and Uniswap, and second only to Tether ($22.18 million). Notably, Aster’s fee capture level is nearly ten times that of Hyperliquid.https://t.co/Yq7OYYOxol ...