Morpho V1
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Protocol TVL
Fees & Revenue
Chain Fees Distribution
Revenue Breakdown
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.
- Decrypt
Crypto Lending Protocol Morpho Raises $175 Million to Aid Wall Street's DeFi Push
Decentralized lending platform Morpho has secured $175 million in its latest funding round, highlighting the rise of curated lending vaults.
- Blockonomi
Morpho Secures $175M Investment Round for Blockchain Credit Infrastructure
Platform focuses on delivering open credit infrastructure to financial institutions
- The Block
Morpho raises $175M in round co-led by Paradigm, a16z crypto and Ribbit Capital to build ‘open credit network'
Morpho plans to build an open blockchain-based credit network to connect decentralized finance, Wall Street, and global markets.
- Crypto news
Morpho raises $175M at $2B valuation for institutional DeFi push
Morpho raises $175M from Paradigm, a16z Crypto and Ribbit as the DeFi platform expands its open credit network for banks and asset managers.
- Crypto Briefing
DeFi lender Morpho nears $2B valuation after $175M raise led by Paradigm and a16z
Morpho's funding surge underscores DeFi's growing appeal to traditional finance, potentially accelerating blockchain integration in banking. DeFi lender Morpho nears $2B valuation…
- CoinPedia
MORPHO Price Jumps 20% as DeFi Lending Expansion Fuels Recovery Hopes
MORPHO is showing signs of life again. After a difficult stretch that pushed the token into oversold territory, the asset surged 20% over the last 24 hours to trade around $1.92,…
- Blockonomi
Morpho Midnight Whitepaper Proposes Fixed-Rate Lending Protocol for Institutional DeFi
Morpho's new protocol offers fixed rates and set maturity dates to replace floating-rate pool lending
- Crypto Daily
MORPHO's Lending Thesis: Why Smaller DeFi Tokens Need Stronger Revenue Proof
DeFiLlama shows $6.98B TVL and $192M annualized fees for Morpho while routing $0 to tokenholders. Smaller DeFi tokens face a higher bar for revenue proof.
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.
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