Ryan Sean Adams
π€ SpeakerAppearances Over Time
Podcast Appearances
I know it's big.
Private credit.
Absolutely massive.
Absolutely huge.
It's a whole industry.
And Apollo is one of the leaders in this sector.
And they are buying $90 million, up to $90 million Morpho tokens.
I don't know.
You were like, oh, that was always available to you.
It's not $90 million, I should say.
It's $150 million, $90 million Morpho tokens.
Okay.
Yeah, there must be more to it.
It must be some sort of option at a fixed price or something.
Yes, yes.
The wording is kind of interesting.
So they get a say.
If they did this, 9%, they'd get a say in governance and protocol decisions.
And they'd be in a better position with respect to DeFi credit.
And of course, they get the upside in the Morpho token.