Morpho Blue

Deliberate minimal design scores high on most dimensions. Oracle dependency is the dominant risk vector — market creators determine freshness checks.

TVL

$2.1B

30-day Δ

Last scored

2026-04-19

BlackHart Risk Index

815

B+

Scale: 300 — 1000

01 //

Category Breakdown

What drives this score.

The score aggregates six independent assessments of the deployed code. Each category below carries a rationale derived from the current state of the protocol.

Access Control

78 / 100

Immutable core; risk pushed to oracle + IRM providers

Economic Integrity

77 / 100

Small codebase; low cyclomatic complexity

External Dependencies

48 / 100

Market-specific oracles; quality varies by creator

Upgradeability & Governance

92 / 100

Immutable — no governance exposure

Composition Exposure

60 / 100

Heavy downstream integration via MetaMorpho vaults

Systemic Impact

64 / 100

MetaMorpho concentration risk

02 //

Peer Comparison

Other lending protocols.

Comparable protocols in the same category, ranked by BRI.

Protocol	TVL	Grade	BRI	vs. Morpho Blue
Aave V3 Ethereum	$12.4B	B+	817	+2
Euler V2 Ethereum	$1.0B	B	755	-60

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Transparency

Score provenance

Slug: morpho-blue
Last updated: 2026-04-19
Chain: Ethereum
Outlook: Stable

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Factual corrections (contract addresses, governance configuration, recent upgrades not yet reflected) can be submitted through the public issue tracker. BlackHart responds within 5 business days.

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Public scores summarize. A BlackHart engagement delivers the private finding detail, fork-validated PoCs, and remediation guidance that the score cannot publish.