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Organisation

Morpho

3 placements on ChainChoice under Morpho, each scored against its own category's pool and criteria — #1 in one of them. The placements are not averaged and not ranked against each other: a #1 exchange and a #6 crypto card are two different products in two different markets.

Flash Loan Venues
Morpho (Morpho Blue)
Rank#1 OverallScore82

Leads the published order

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Yield Vaults
Morpho Vaults
Rank#2 OverallScore81

#1 in this category: Yearn (v3)

View verdict
Lending & Borrowing
Morpho
Rank#3 OverallScore78

#1 in this category: Venus

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Flash Loan Venues
How you can lose money here, and what the ranking scores
  • Contract failure (Morpho (Morpho Blue) 8/10): the code holding the funds is exploited.
    Scored by Venue incident record · 20%
Not assessed by this ranking: Control failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Single-transaction borrowable depth (30%), Loan cost in basis points (28%), Integration surface (22%).
Yield Vaults
How you can lose money here, and what the ranking scores
  • Contract failure (Morpho Vaults 7/10): the code holding the funds is exploited.
    Scored by Strategy risk honesty · 24%
  • Control failure (Morpho Vaults 7/10): a key or vote changes the rules, freezes or mints.
    Scored by Mandate accountability · 30%
  • Exit failure (Morpho Vaults 6/10): you cannot get out at par, on time, or with what is yours.
    Scored by Exit mechanics under stress · 26%
Not assessed by this ranking: Regulatory failure, Execution failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Fee transparency (20%).
Lending & Borrowing
How you can lose money here, and what the ranking scores
  • Control failure (Morpho 9/10): a key or vote changes the rules, freezes or mints.
    Scored by Who sets your rate — a utilisation curve or a curator? · 24%
  • Oracle failure (Morpho 7/10): a wrong price or outcome liquidates or settles a position.
    Scored by What price gets you liquidated, and how far can it drift? · 32%
  • Insolvency failure: the firm or issuer that owes you cannot pay.
    Scored by If one market goes bad, how much of yours goes with it? · 24% (Morpho 9/10)
    Scored by Has it lost lender money before, and did it publish it? · 20% (Morpho 7/10)
Not assessed by this ranking: Contract failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.