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Create a Market

This tutorial guides you through the process of creating and configuring a market in your Morpho vault.

Deploying an Oracle via Etherscan

Jump on the Morpho contract

See the address section.

E.g: Ethereum mainnet address is 0xbbbbbbbbbb9cc5e90e3b3af64bdaf62c37eeffcb

Fill all attributes

Jump on the createMarket function

  • loanToken: paste the address of the loan token,
  • collateralToken: paste the address of the collateral token,
  • oracle: paste the oracle address,
  • irm: paste the Interest Rate Model address,
  • lltv: the LLTV is defined with 18 decimals. 1e18 represents an LLTV of 100% (which is not enabled) and 945000000000000000 thus represents 94.5%.

To align with the 90% target utilization immediately, it's advised to add $1 of supply and then borrow $0.90. This not only ensures that the pool's utilization starts at 90% but also prevents the rate at uTarget from decreasing due to zero utilization, which can happen if a market remains unused (e.g. intended for future use in 7 days).

Market Creation Etherscan guide

Sign the transaction

You are done.

Note

Creating a market will emit an event: CreateMarket with the market id:

To retrieve the market parameters from this id, one has to paste the id into the idToMarketParams function on the Morpho contract.

For instance with the id:0xb323495f7e4148be5643a4ea4a8221eef163e4bccfdedc2a6f4696baacbc86cc