Morpho
Morpho BlueMorpho Optimizer
A modular lending primitive — Morpho Blue isolates each market, with curators (e.g. MetaMorpho) building risk-managed vaults atop.
Morpho Blue is the immutable lending core; MetaMorpho is the vault layer where curators (Steakhouse, Gauntlet, Re7, Apostro, Block Analitica) allocate user deposits across Morpho Blue markets. Risk concentration moves from "trust the protocol" to "trust the curator + the markets they've picked".
See on StableLens
/protocol/morpho — live data, risk grade, and methodology citation.
Related terms
- Lending marketA pool-based protocol where suppliers earn interest from borrowers, with rates set algorithmically by utilisation.
- Isolated collateralA lending-market design where each collateral asset has its own market and cannot endanger others.
- AaveDecentralised lending market — the largest by TVL — with stablecoin supply and borrow markets across 12+ chains.