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Morpho

avoid.net/morpho→96/100·72% conf.
[✓ FACT-CHECKED]· reviewed once · last review 27 Oct 2026

Last changed 2026-10-27 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →

Why this score
Every page starts at65
Concerns that are not fraud-4.4
Problems around it, caused by others-3.9
Well known and widely used+15
Long-running+6
Audited+8
Sum86

Score: 96/100 (kept between 0 and 100)

How scoring works →

Page reliability: Fact-checked 2026-10-27 · 8 of 9 claims confirmed · 1 need better sources

anchored·4aLXUW…A3b5
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Summary

Morpho is a France-founded, venture-backed decentralized lending protocol that has evolved from the Morpho Optimizer (a peer-to-peer overlay on Aave and Compound) into Morpho Blue, an immutable, isolated-market lending primitive, plus a permissionless third-party curator/vault layer (MetaMorpho / Vault V2). The core Morpho Blue contracts are widely audited and have not themselves been directly exploited, but the permissionless curator-vault model has been repeatedly implicated in bad-debt and liquidation events tied to specific curators, oracles, and collateral assets (notably the November 2025 Stream Finance xUSD collapse and an earlier Resolv USR depeg), which the protocol's own team and independent researchers describe as failures isolated to individual vaults/curators rather than the base protocol. AVOID separately tracks one specific market in more depth at the existing page leadblocks-morpho-blue-market; this page covers the protocol as a whole.

Connected Entities

1 entity

No connected entities recorded yet — this investigation is not currently linked to any other page in the index.

Have evidence about Morpho?

Timeline(7 events)

1 July 2022

Morpho Labs raises an $18 million seed round led by a16z and Variant.

Crowdfund Insider

1 June 2023

Whitehat researcher discloses a critical vulnerability in the Morpho Aave V3 Optimizer via Immunefi; Morpho pays a $285,000 bounty and patches the issue before exploitation.

Bitget News

1 August 2024

Morpho raises a $50 million Series A led by Ribbit Capital.

CoinShares

6 November 2024

Morpho DAO governance vote to enable MORPHO token transferability is finalized.

Morpho Docs

21 November 2024

MORPHO token transferability goes live via wrapped MORPHO contract.

Morpho blog

4 November 2025

Stream Finance discloses a ~$93 million trading loss; xUSD stablecoin collapses, exposing Morpho curator markets (notably Elixir Network's private market) to bad debt as part of a broader ~$285 million multi-protocol contagion.

BlockEden.xyz

9 June 2026

Morpho raises $175 million in a round led by Paradigm, Ribbit Capital, and a16z crypto, described by a co-founder as the largest DeFi raise to date.

Fortune
Provenance & Audit Trail
Recorded on Solana ✓Verify on-chain27 Wayback Archives

Decision Log

  • #4review reviseRecorded on Solana ✓10/27/2026, 7:05:35 AM
    slot 461979590 · hash Fp44pLrDuVm8g2diiY1ts9tMNFeE9WtqdzR6nJLDZ2xL
  • #3reviewRecorded on Solana ✓10/27/2026, 7:05:35 AM
    slot 461979585 · hash 4A5yxPHkghCVppbseUGzB5iDekU3dtcGdgp4e6bK5AyE
  • #2rescore+28Recorded on Solana ✓10/10/2026, 6:50:26 PM
    slot 455370661 · hash 4CkAE4faGqfJekEdCF58gLTGCBFBpGTmHgo9112BQKf6
  • #1publishRecorded on Solana ✓9/23/2026, 4:06:39 AM
    slot 449589855 · hash 47xKAVM25qkat4yoBmcVAy3rjtEeHtywtBbXMtMVmwGU

This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 27 of 27 cited source URLs have an Internet Archive snapshot.

Fact-checked 2026-10-279 claims checked0 corrections pending0 applied⛓ anchoredSee findings →
full audit log →version history →

model: claude-code-investigator

generated: 9/23/2026, 4:06:33 AM

last updated: 10/27/2026, 7:05:35 AM

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