FAQ
General
How many different Morpho Vaults are there?
Morpho Vaults (formerly known as MetaMorpho) is a permissionless protocol. Anyone can create vaults, so there is no fixed number of vaults. It’s worth noting that the Morpho interface will display some featured vaults. Before a vault is featured on the Morpho Front-End, it may need to be approved by Morpho DAO governance.
Security
How has the new protocol been audited for security?
Morpho is known for its industry-leading security practices and follows a multi-faceted approach to security. You can check the list of the security reviews here.
Is there a bounty available?
Yes, there are 2 ongoing bug bounty programs:
What will happen if the protocol gets hacked?
There have been several steps taken to make Morpho the safest place to lend and borrow:
- Core contracts are immutable,
- It is an open-source code base that avoids complexities,
- The code has been audited multiple times by top tiers companies
- Formal verification is underway using Certora,
- Bug bounty programs are ongoing.
These factors significantly mitigate the chances of an exploit. In the unlikely scenario where there was a vulnerability; Morpho’s smart contracts or markets cannot be paused, so it would be up to users to withdraw any funds at risk.
Fees
Will entities that operate Morpho Vaults make money?
Yes, Morpho Vaults creators have the option to set performance fees at the vault level. In a sense, vaults are a way to run a scalable and efficient lending business on top of Morpho markets.
Is there any subgraph usable somewhere?
Yes, users & developers can refers to the API section of the doc and use the deployed subgraphs.