# How DeFi lending actually works (with Paul Frambot, cofounder and CEO of Morpho Labs)

Page: https://stenobird.com/podcast/a16z-crypto-show-5434524/how-defi-lending-actually-works-with-paul-frambot-cofounder-and-ceo-of-morpho-labs
Text version: https://stenobird.com/podcast/a16z-crypto-show-5434524/how-defi-lending-actually-works-with-paul-frambot-cofounder-and-ceo-of-morpho-labs.md
Podcast: [a16z crypto show](https://stenobird.com/podcast/a16z-crypto-show-5434524)
Published: 2026-04-08T16:37:06+00:00
Episode link: https://web3-with-a16z.simplecast.com/episodes/fs25-paulframbot-v4-final-2gcG6udo
Audio file: https://mgln.ai/e/1344/afp-848985-injected.calisto.simplecastaudio.com/bf52be5a-9faf-45fb-9bc3-bb4270ec53d9/episodes/2e82f00f-308b-4e43-9413-2c4f5e6cd25b/audio/128/default.mp3?aid=rss_feed&awCollectionId=bf52be5a-9faf-45fb-9bc3-bb4270ec53d9&awEpisodeId=2e82f00f-308b-4e43-9413-2c4f5e6cd25b&feed=XPOpH7r4
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JSON: https://stenobird.com/v1/public/podcasts/a16z-crypto-show-5434524/episodes/how-defi-lending-actually-works-with-paul-frambot-cofounder-and-ceo-of-morpho-labs
Duration seconds: 1105

## Resource

Morpho cofounder and CEO Paul Frambot joins us to discuss how onchain lending could change the future of finance. He explains what Morpho does, the biggest misconception in DeFi lending, why institutions are starting to pay attention, and how open blockchain infrastructure could make lending markets more transparent, competitive, and efficient. Paul also shares his longer-term view of a financial system with broader access to capital and more customizable financial products.

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## Transcript

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