Morpho
Morpho is an open lending network, powered by various protocols (listed below), that connects lenders and borrowers to the best opportunities globally. Businesses integrate Morpho's neutral infrastructure to power lending or borrowing products at scale, including embedded crypto-backed loans and earn products.
Morpho V2 follows a similar architecture to Morpho V1, featuring two protocols: Morpho Markets V2, a protocol for fixed-rate, fixed-term loans (not yet live), and Morpho Vaults V2, a more general lending vault architecture that can allocate to any protocol via adapters.
Morpho V1: A dual-layer permissionless architecture consisting of Morpho Markets V1 (otherwise known as Morpho Blue), a protocol for creating simple lending markets, and Morpho Vaults V1 (otherwise known as MetaMorpho), a protocol for building lending vaults exclusively on top of Markets V1.
[Deprecated] Morpho V0: A peer-to-peer optimization layer built on top of existing lending protocols, designed to improve the rate users receive while maintaining the same risk parameters.
Triaged by Immunefi
PoC Required
KYC required
Arbitration enabled
Select the category you'd like to explore
Assets in Scope
Impacts in Scope
Direct theft of any user funds, whether at-rest or in-motion, other than unclaimed yield
Permanent freezing of funds
Protocol insolvency
Execute arbitrary system commands
Retrieve sensitive data/files from a running server, such as: /etc/shadow, database passwords, blockchain keys (this does not include non-sensitive environment variables, open source code, or usernames)
Subdomain takeover with already-connected wallet interaction
Direct theft of user funds
Manipulation of governance voting result deviating from voted outcome and resulting in a direct change from intended effect of original results
Malicious interactions with an already-connected wallet, such as: Modifying transaction arguments or parameters, Substituting contract addresses, Submitting malicious transactions
Theft of unclaimed yield
Permanent freezing of unclaimed yield
Temporary freezing of funds
Out of scope
Smart Contract specific
- Incorrect data supplied by third party oracles
- Not to exclude oracle manipulation/flash loan attacks
- Impacts requiring basic economic and governance attacks (e.g. 51% attack)
- Lack of liquidity impacts
- Impacts from Sybil attacks
- Impacts involving centralization risks
All categories
- Impacts requiring attacks that the reporter has already exploited themselves, leading to damage
- Impacts caused by attacks requiring access to leaked keys/credentials
- Impacts caused by attacks requiring access to privileged addresses (including, but not limited to: governance and strategist contracts) without additional modifications to the privileges attributed
- Impacts relying on attacks involving the depegging of an external stablecoin where the attacker does not directly cause the depegging due to a bug in code
- Mentions of secrets, access tokens, API keys, private keys, etc. in Github will be considered out of scope without proof that they are in-use in production
- Best practice recommendations
- Feature requests
- Impacts on test files and configuration files unless stated otherwise in the bug bounty program
- Impacts requiring phishing or other social engineering attacks against project's employees and/or customers