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Checklist to Validate Vault V2 Configuration

This checklist covers the setup of a Morpho Vault V2 using a single MorphoMarketV1AdapterV2 to curate one or several Morpho Markets V1.

Vault V2 Setup Checklist

  • Create a new Morpho Vault V2 using the VaultV2Factory.
  • Set the core roles: As Owner, assign the Curator and Sentinel(s).
  • Set the Morpho Adapter Registry: As Curator, submit and execute the timelocked proposal to set the adapterRegistry to the official Morpho registry.
  • Abdicate setAdapterRegistry: As Curator, renounce the ability to change the adapter registry to lock in the official registry permanently.
  • Abdicate Gates: As Curator, if needed, abdicate the three critical gates to remove the ability to restrict deposits and withdrawals (More on Gate Abdication here).
  • Deploy the MorphoMarketV1AdapterV2.
  • Enable the adapter: As Curator, submit and execute the timelocked proposals to link the adapter to your vault.
  • Appoint the Allocator(s): As Curator, grant the Allocator role to your management contract or multisig via a timelocked proposal.
  • Set the risk caps: As Curator, submit and execute the timelocked proposals to set absoluteCap and relativeCap on the vault for each Morpho Market V1 you want to include.
  • Set the liquidityAdapter: As Allocator, designate the underlying Morpho Market V1 (within the MorphoMarketV1AdapterV2) as the default market for handling deposits and withdrawals (usually, a highly liquid market).
  • Set the dead deposit for the vault itself (tutorial).
  • Set the dead deposit for each listed market (tutorial).
  • Harden the vault's timelocks: After the initial setup is complete, increase the timelocks for sensitive functions to a production-safe value.
  • Configure your reallocation, monitoring and liquidation bots: Ensure your Allocator logic is in place to manage the vault's capital.

Integration Checklist

Morpho has multiple integrations that will help distribute the vaults you create.

  • Integrate your Morpho Vault V2 in Superform, IPOR Fusion, Summer.fi, Yearn, Beefy.
  • Integrate your underlying Markets in Defisaver, Contango, Summer.fi.
  • List and price your new vault token on platforms like Coingecko and Etherscan.