Morpho V1
Track Your DeFi Wallet
Import your wallet to see all positions across 50+ chains
Protocol TVL
About Morpho V1
Morpho Blue is a trustless and efficient lending primitive with permissionless market creation
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Morpho V1 codebase lineage and protocol family
Morpho V1 is published as a versioned release inside the Morpho protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.
Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.
Security & Audits
Parent Protocol
Morpho V1 is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
MorphoMorpho V1 Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Jan 14, 2024Listed on DeFiLlama
Protocol Profile
Morpho V1 is a Lending protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed across 33 chains, including Ethereum, Base, Hyperliquid L1, Monad and 29 other chains. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
TVL spans 57 chains across the deployment. See the breakdown below for per-chain values.
…and 47 other chains with smaller deployments.
Supported Chains
Protocol Footprint
Morpho V1 runs a multi-chain deployment, with smart contracts live on 33 networks. TVL is comparatively balanced across networks: even the largest deployment (borrowed) holds only 27% of the protocol's value. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.
Official Resources & Links
Verified external resources for Morpho V1 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Lending protocols on Mantapex
Morpho V1 is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, JustLend, Maple, and 3 more. These peer protocols collectively secure $37.7B in deposits, giving you a frame of reference for whether Morpho V1's own TVL is at the top, middle, or tail of the category.
Treasury
Available Yields
| Project | Pool | APY | TVL |
|---|---|---|---|
| morpho-v1 | USUAL-MV | 56.94% | $38.3K |
| morpho-v1 | RE7USOL | 43.42% | $41.5K |
| morpho-v1 | MEUSDC | 15.86% | $26.1K |
| morpho-v1 | STEAKPYUSD | 14.56% | $132.3K |
| morpho-v1 | STEAKPYUSD | 12.97% | $978.2K |
| morpho-v1 | ALPHAFRAXUSDENHANCED | 12.70% | $2.4M |
| morpho-v1 | SDFRXUSDV2 | 12.64% | $4.5M |
| morpho-v1 | BBQUSDC | 11.90% | $2.7M |
| morpho-v1 | SGFUSDCV | 10.91% | $64.1K |
| morpho-v1 | FEUSDHL2 | 10.44% | $141.4K |
Recent Morpho V1 news
Latest reporting from major crypto news outlets covering Morpho V1.
- NewsBTC
Morpho Secures $175 Million Round Led By Paradigm, a16z And Ribbit
Morpho raised $175 million in a new financing round.
- The Currency Analytics
Morpho Raises $175M as Onchain Credit Bets on Stablecoin Surge
- Cointelegraph
Morpho's $175M raise shows where crypto VC money is flowing
Morpho's recent $175 million raise reflects growing investor bets on onchain credit infrastructure as stablecoin adoption expands.
- Crypto Briefing
Morpho enables USDC borrowing for Huma Finance's PST holders through RockawayX vault
The integration of real-world payment infrastructure with DeFi lending enhances liquidity options, but it also introduces new risk management challenges. Morpho enables USDC…
- Cointribune
Crypto : Morpho completes the second largest operation in DeFi
Morpho has just raised 175 million dollars and confirms its change of scale in crypto. The French unicorn now aims to establish itself as one of the major infrastructures of…
- AMBCrypto
How MORPHO's 10% price rally could turn into a full trend reversal
MORPHO rebounded toward key resistance as volume surged, while Funding Rates recovered from extreme lows.
- Unchained
Morpho Raises $175 Million Co-Led by Paradigm, a16z Crypto, and Ribbit Capital to Build ‘Open Credit Network'
Morpho raised $175 million co-led by Paradigm, a16z crypto, and Ribbit Capital, with Apollo Funds, Circle Ventures, and VanEck participating, in one of DeFi's largest rounds;…
- The Currency Analytics
Morpho Raises $175 Million, Establishing Itself as a Major Player in French DeFi
One hundred seventy-five million dollars.
Related protocols
Other DeFi protocols connected to Morpho V1 by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Lending protocols
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
Your Crypto Portfolio — Free Forever
Paste any wallet to see tokens, DeFi & NFTs across 50+ chains. Add exchanges, Polymarket & Kalshi anytime — all in one portfolio.