Isolated vs. Shared Lending: Why Apollo is Betting $900B on the Morpho Paradigm

This week, the "Long Tail" of DeFi risk wagged the dog. Between a 293MrsETHexploit∗∗anda∗∗1.19B fake DOT attack, the industry lost over $1.5B to bridge and validation vulnerabilities in just seven days. But beneath the wreckage, a structural migration is happening: institutional capital is fleeing "shared risk" for "isolated safety."