What it means
An open lending network made of separate markets and vaults, each with its own collateral and risk settings.
Most depositors use vaults run by curators, which spread deposits across Morpho markets.
How it works
Morpho vaults are among the audited markets in Defied's Markets.
Related terms
| Term | What it means |
|---|---|
| Vault | A smart contract that takes deposits and spreads them across lending markets by a set strategy. |
| Curator | The team that runs a lending vault: it picks which markets the vault lends to and sets its risk limits. |
| Lending market | An onchain pool where people supply money that others borrow, with the interest paid by borrowers going to those who supplied it. |
This glossary explains terms in general. It isn't investment, tax or legal advice.