Morpho
Credit · Lending · MORPHO
Morpho is a lending protocol built around Morpho Blue, a minimal primitive for creating isolated markets, with MetaMorpho vaults that allocate deposits across those markets through risk curators.
Customizable lending infrastructure — isolated markets + curated vaults.
Protocol TVL
$7.14B
+6.5% 24h
Latest data · 15 min delay
Asset coverage
Collateral, oracles, risk parameters, and deployment facts.
Asset coverage & risk
Collateral assets
Loan assets
Stablecoin exposure
Stablecoin exposure (% TVL)
68% of TVL in stables (curated estimate).
Oracles
Risk parameters
Per-market and immutable: each Morpho Blue market fixes its LTV (LLTV), oracle and liquidation parameters; MetaMorpho vaults set supply caps and allocations.
Liquidations
Permissionless liquidations per market once LLTV is breached.
Liquidations (30d)
Permissionless per-market liquidations; aggregated 30d stats require Morpho indexer.
Bad debt
Isolated by design — bad debt is contained to a single market/vault rather than socialized.
Governance activity
MORPHO governs the framework; risk is delegated to independent vault curators.
Governance notes
MORPHO governs the framework; vault curators set per-market risk.
Audit / exploit history
Morpho Blue is audited and formally verified; minimal immutable core reduces attack surface.
Chains · EVM: yes
Deployment notes
EVM-optimized smart contracts (docs.morpho.org).
Tag-specific lending coverage
Collateral assets
Oracles
Member coins & supported assets
MORPHOMORPHO
DAO governance token