Governance & Fees

Governance

The role of governance in Morpho is purposely minimized to prioritize a trustless experience. Morpho governance cannot halt the operation of a market or modify its LLTV, IRM, or oracle. However, governance is responsible for whitelisting new LLTVs and IRMs that users can select at market creation.

Fees

Morpho has a fee switch built into the protocol. Governance can enable a fee ranging from 0% to 25% of the total interest amount paid by borrowers for a given market.