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MORPHOLargest lending protocol on Base.
Launched: Not Currently Available — no genesis date on record with CoinGecko
AI Intelligence
Intelligence
Morpho is a Lending project, live across 2 chains. Verified in the Base Radar registry, it currently shows a Health score of 100/100 with high confidence from 5 live data sources. It currently holds $4.35B in TVL. Its codebase is open-source and actively indexed on GitHub. Risk registers as low across 7 assessed factors. Near-term momentum reads cooling off.
Overall Rating
Suitable for Deeper Research
Eight independent scores, each with what it measures, why it matters, and the real evidence (or missing evidence) behind it — nothing here is an unexplained percentage.
Updated —Overview
Market
Governance
Activity
Whale transfers, governance, GitHub releases and commits, TVL swings, risk alerts, registry updates, discovery events, and signals, merged into one newest-first feed — no event type shown twice.
Sources
This is the underlying evidence behind the Health & Trust score above — every source this project's report checks, whether it came back live, and why any source is missing.
6 of 7 liveRelated
Provider temporarily unavailable (circuit breaker open)
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Bull Case
Bear Case
Watch Closely
Not yet tracked: X (Twitter) followers, Discord members, and Telegram members aren't available — X's follower-count API requires paid access, and Discord/Telegram member counts require bot-level access to each project's own server that this app doesn't have. Reddit and Medium have no provider integrated into Base Radar at all yet.
Evidence: TVL signal (+30), GitHub activity signal (+25), Trading liquidity signal (+20), 24h price momentum (-5)
Evidence: Registry verification: verified (+40), CoinGecko market data: live (+10), DexScreener trading data: live (+10), DefiLlama TVL data: live (approximate match) (+5), Base network status: live (+10), GitHub repository stats: live (+10)
Evidence: Low risk — $1.67M in tracked DEX liquidity. Repository pushed to within the last 4 days — actively maintained (commit-level detail unavailable right now).
Evidence: Base Radar's own editorial review — see docs/PROJECT_REGISTRY.md for what verification requires.
Evidence: Derived from recent GitHub commit activity in the Risk Analysis.
Evidence: 4 of 13 tracked community/official links are configured for this project.
Evidence: Derived from live DexScreener-aggregated liquidity depth in the Risk Analysis.
Evidence: 0 active proposals out of 140 tracked on Snapshot.
Authorize incentives distribution for activity on Arc with an initial monthly budget of $50,000 based on a one month TWAP price for the MORPHO token, governed under the Optimistic Rewards Framework.
This proposal asks the Morpho DAO to approve the addition of Spearbit as a trusted signer on the DAO multisig and to increase the multisig signing threshold to 6-of-10 on Ethereum. The objective is to strengthen the DAO’s operational security by adding a professional, independent signing party with dedicated secure signing procedures, while preserving the DAO’s ability to execute routine governance and operational transactions. If approved, the DAO would: 1. Add Spearbit as an additional signer to the DAO multisig. 2. Increase the multisig threshold to 6-of-10. 3. Fund Spearbit’s trusted signer services from the DAO fund at an annual cost of $33,000, with additional fees for: Standard off-cycle transaction fee: $650/hour, with a minimum 60-minute increment. Urgent approvals within 72 hours: 2x the standard fee. Urgent approvals within 24 hours: 2.5x the standard fee.
Allocate $50,000 worth of MORPHO, measured by a 60-day TWAP prior to the date of proposal approval, for Feather to take over the current Morpho mini app on World.
Summary The Morpho Association (the “Association”) is requesting from the MORPHO token-holding community (the “DAO”) an allocation of a financial grant of 150M MORPHO, to support the Association’s mission to develop and promote the Morpho network over a multi year program (2026-2030). Should the Association cease its activities before the end of this period, it undertakes to repay to the DAO any unspent MORPHO. Motivation The Association, acting as the primary independent contributor to the Morpho ecosystem, maintains a multi-year support program to fund fundamental work to benefit the Morpho network, its users, and public goods for the entire DeFi ecosystem at large. The Morpho Association is free to use the grant and develop its roadmap independently to serve the best interests of the Morpho network. The program is structured around, but not limited to, the following actions aimed at elevating Morpho to a leading open global financial infrastructure: 1. Technological Innovation and Protocol Resilience: Fundamental research and development (protocols, interfaces, security, etc.) in the interest of the Morpho network. 2. Ecosystem Growth and Awareness: Initiatives to raise awareness of decentralized finance and the Morpho protocol, and coordination of actions benefitting the DeFi ecosystem. 3. Institutional Expansion and Strategic Partnerships: Protocol integration and strategic partnerships to foster network growth. Allocation conditions The transfer will be made from the address 0xcba28b38103307ec8da98377fff9816c164f9afa following validation by the multisig executing the DAO’s decision to the address 0x6ABfd6139c7C3CC270ee2Ce132E309F59cAaF6a2 held by the Association. As a result of the above, the grant will be fully and definitively acquired at the end of the period covered by this funding.
Authorize $172k in MORPHO incentives for the Tempo instance of the Morpho protocol, based on a 60 day TWAP prior to the approval of this MIP.
Project identity, category, tags, and verification status — Base Radar's own editorial registry, always available.
Price, market cap, and 24h volume, pulled live from CoinGecko's public API.
18/30 requests remaining · Updated —On-chain DEX pair price, volume, and liquidity data from DexScreener.
27/30 requests remaining · Updated —Total value locked (TVL), sourced live from DefiLlama's protocol data.
27/30 requests remaining · Updated —Stars, forks, open issues, and release activity, sourced live from the GitHub API.
Authenticated · 4052/5000 per hour · Updated —Live gas price and network status, read directly from the Base RPC.
27/30 requests remaining · Updated —Provider temporarily unavailable (circuit breaker open)
Other Lending projects tracked on Base, ranked by the same confidence score used throughout this report.
Price -9.7% today
Evidence: 41 commits in the last 90 days, 27 contributors, 3 releases in the last year.
Last 15 Days1 Governance
MIP 134 - Incentives Distribution on Arc — Passed
SnapshotGovernance—MIP 133 - Add Spearbit as DAO Multisig Signer and Update Threshold to 6 — Passed
SnapshotGovernance—MIP 132 - Morpho Worldcoin Mini-App Transition Grant Proposal — Failed
SnapshotGovernance—MIP 131 - Allocation of a Grant for the Morpho Association’s Strategic Support Program (2026-2030) — Passed
SnapshotGovernance—MIP 130 - MORPHO Incentives on Tempo — Passed
SnapshotGovernance—MIP 129 - Approve Review of 2025 Contributor Grants — Passed
SnapshotGovernance—MIP 128 - Lite App Deprecation Part 2 — Passed
SnapshotGovernance—MIP 127 - External Grants Rewards Framework — Passed
SnapshotGovernance—MIP 126 - List MorphoMarketV1AdapterV2 in Morpho Registry — Passed
SnapshotGovernance—MIP 125 - Lite App Deprecation — Passed
SnapshotGovernance—MIP 124 - Vault V2 Specific Incentive Campaign — Passed
SnapshotGovernance—MIP 123 - Spark Olympics Adjustment — Passed
SnapshotGovernance—MIP 122 - Validate and Execute Morpho Adaptors Migration Plan — Passed
SnapshotGovernance—MIP 121 -- Aave v3 Optimizer Full Deprecation — Passed
SnapshotGovernance—MIP 120 - Optimizers Deprecation Final Phase — Passed
SnapshotGovernance—MIP 119 - Spark Rewards Update — Passed
SnapshotGovernance—MIP 118 - MORPHO Token Deployment and Incentives on Hyperliquid — Passed
SnapshotGovernance—MIP 117 - Arbitrum Rewards Extension — Passed
SnapshotGovernance—MIP 116 - Unichain Rewards Extension — Passed
SnapshotGovernance—MIP 115 - Spark USDC Deposit Rewards 3 — Passed
SnapshotGovernance—MIP 114 - Incentives Distribution on Arbitrum — Passed
SnapshotGovernance—MIP 113 - Select LayerZero OFT to Bridge Morpho Token on Arbitrum — Passed
SnapshotGovernance—MIP 112 - OP Grant Allocation for USDC Growth on Base — Passed
SnapshotGovernance—MIP 111 - Switch MORPHO Rewards Stack to Merkl — Passed
SnapshotGovernance—MIP 110 : Guardians v2 Funding Request for Work — Passed
SnapshotGovernance—MIP 109 - Optimistic Rewards v1.1 — Passed
SnapshotGovernance—MIP 108 -- Morpho Olympics v1.2 — Passed
SnapshotGovernance—MIP 107 - Unichain Rewards Adjustment — Passed
SnapshotGovernance—MIP 106 - Lemon Integration Grant — Passed
SnapshotGovernance—MIP 105 - Katana Coincentives — Passed
SnapshotGovernance—MIP 104 - Spark USDC Deposit Rewards 2 — Passed
SnapshotGovernance—MIP 103 - Incentives Distribution on Unichain — Passed
SnapshotGovernance—MIP 102 - Rewards Update Proposal — Passed
SnapshotGovernance—MIP 101 - Plume - Morpho Coincentives — Passed
SnapshotGovernance—MIP 100 - Approve Review of 2024 Contributor Grants — Passed
SnapshotGovernance—MIP 99 - Phase 2: Frontend for Compound <> Morpho <> Polygon Collaboration — Passed
SnapshotGovernance—MIP 98 - Telegram Mini App Frontend for the Morpho Protocol — Passed
SnapshotGovernance—MIP 97 - Optimistic Rewards Rate Adjustment Framework — Passed
SnapshotGovernance—MIP 96 - Frontend for Compound <> Morpho <> Polygon Collaboration — Passed
SnapshotGovernance—MIP 95 - MORPHO Reward Rate Reduction 3 — Passed
SnapshotGovernance—MIP 94 - Berachain License Fee Usage Clarification — Passed
SnapshotGovernance—MIP 93 - Grants Pilot Program Selection Part 3 — Passed
SnapshotGovernance—MIP 93 - Grants Pilot Program Selection Part 2 — Passed
SnapshotGovernance—MIP 93 - Grants Pilot Program Selection Part 1 — Passed
SnapshotGovernance—MORPHO Reward Rate Reduction — Passed
SnapshotGovernance—MIP 91 - Update Multisig Signers — Passed
SnapshotGovernance—MIP 90 - Spark USDC Deposit Rewards — Passed
SnapshotGovernance—MIP 89 - Morpho Olympics v1.1 — Passed
SnapshotGovernance—MIP 86 Amendment — Passed
SnapshotGovernance—MIP 88 - Oku Crosschain Deployment Support — Passed
SnapshotGovernance—MIP 87 - Crosschain Deployments Framework — Passed
SnapshotGovernance—MIP 86 - MORPHO Reward Rate Changes — Passed
SnapshotGovernance—MIP 85 - Whitelist Aerodrome in Aera Vault Strategy — Passed
SnapshotGovernance—MIP 84 - Optimizers Deprecation Phase 3 — Passed
SnapshotGovernance—MIP 83 - Berachain Morpho License — Passed
SnapshotGovernance—MIP-82- Increase MORPHO Reward Rate on Base — Passed
SnapshotGovernance—MIP81- Morpho Grants Pilot Program — Passed
SnapshotGovernance—MIP80 - Approve Review of Contributor Grants and Establish Formal Process — Passed
SnapshotGovernance—MIP79 - Credit Guild Acqui-hire — Passed
SnapshotGovernance—MIP78 - Enable Wrapping for Integrators and Proxy Addresses — Passed
SnapshotGovernance—MIP75 & MIP76 Minor technical adjustments — Passed
SnapshotGovernance—MIP77 - MORPHO-ETH Strategy by Aera — Passed
SnapshotGovernance—MIP76 - Vote to Enable Transferability of the MORPHO Token — Passed
SnapshotGovernance—MIP75 - Begin Technical Implementation of Onchain Governance for MORPHO — Passed
SnapshotGovernance—MIP74 - Update MORPHO Reward Rate on Base — Passed
SnapshotGovernance—MIP73 - Unifying Reward Rules — Passed
SnapshotGovernance—MIP72 - Lower MORPHO rewards for borrowing WETH on BASE — Passed
SnapshotGovernance—MIP71 - Winding Down Optimizers Phase 2 — Passed
SnapshotGovernance—MIP70 - Reward borrow of USDA and USDM — Passed
SnapshotGovernance—MIP69 - Morpho Association Request for MORPHO — Passed
SnapshotGovernance—MIP68 - Update of MORPHO rewards on Base — Passed
SnapshotGovernance—MIP67 - Update of MORPHO rewards on Base — Failed
SnapshotGovernance—MIP66 - New Scalable Rewards Model on Base — Passed
SnapshotGovernance—MIP65 - New Scalable Rewards Model on Ethereum — Passed
SnapshotGovernance—MIP64 - Rewards on wOETH/WETH — Passed
SnapshotGovernance—MIP63 - Rewards update on ezETH/WETH (86%) market — Passed
SnapshotGovernance—MIP62 - Update rewards rate on wstETH markets — Passed
SnapshotGovernance—MIP61 - Creation of a MORPHO Rewards Committee Multisig — Passed
SnapshotGovernance—MIP60 - Morpho Olympics — Passed
SnapshotGovernance—MIP59 - Morpho DAO as owner of Morpho Blue on Base — Passed
SnapshotGovernance—MIP58 - Rewards on USDA rehypotheticated vault markets — Passed
SnapshotGovernance—MIP57 - Update rewards rate on wstETH markets — Passed
SnapshotGovernance—MIP56 - Rewards on ETH+ market — Passed
SnapshotGovernance—MIP55 - Incentives extension on weETH market — Passed
SnapshotGovernance—MIP54 - MORPHO whitelisting of Superform vaults — Passed
SnapshotGovernance—MIP53 - Update of incentives on PYUSD markets — Passed
SnapshotGovernance—MIP52 - Winding down low usage assets on Optimizers — Passed
SnapshotGovernance—MIP51 - Incentives on USDA markets — Passed
SnapshotGovernance—MIP50 - Incentives on sDAI/WETH markets — Passed
SnapshotGovernance—MIP49 - Incentives on blue chip markets — Passed
SnapshotGovernance—MIP48 - Incentives in mTBILL / USDC market — Passed
SnapshotGovernance—MIP47 - Incentives in mTBILL / USDC market — Failed
SnapshotGovernance—MIP46 - Incentives on LP Curve Tokens / crvUSD markets — Passed
SnapshotGovernance—MIP 45 - Incentives in mTBILL / USDC market — Failed
SnapshotGovernance—MIP 44 - Incentives in USDe and sUSDe markets — Passed
SnapshotGovernance—MIP43 - Incentives in apxETH/WETH market — Passed
SnapshotGovernance—MIP42 - Gauntlet's vaults whitelisting — Passed
SnapshotGovernance—MIP41 - MORPHO incentives in ezETH/WETH market — Passed
SnapshotGovernance—MIP40 - Flagship USDT and sDAI MetaMorpho Vaults whitelisting — Passed
SnapshotGovernance—MIP39 - Steakhouse Financial: wUSDM, PYUSD and USDT MetaMorpho Vault Whitelisting — Passed
SnapshotGovernance—MIP38 - Flagship USDT and sDAI MetaMorpho Vaults whitelisting — Failed
SnapshotGovernance—MIP37 - Steakhouse Financial: wUSDM, PYUSD and USDT MetaMorpho Vault Whitelisting — Failed
SnapshotGovernance—MIP36 - MORPHO rewards on wbIB01/PYUSD market — Passed
SnapshotGovernance—MIP35 - MORPHO rewards on WBTC/USDT and WBTC/USDC — Passed
SnapshotGovernance—MIP34 - MORPHO incentives in osETH/WETH market — Passed
SnapshotGovernance—MIP33 - MORPHO incentives in weETH/WETH market — Passed
SnapshotGovernance—MIP32 - Whitelist the MORPHO URD to distribute rewards — Passed
SnapshotGovernance—MIP31 - Re7 Lab's LST-backed ETH MetaMorpho Vault Whitelisting — Passed
SnapshotGovernance—MIP30 - Incentives in USDC(wstETH) and WETH(wstETH) markets — Passed
SnapshotGovernance—MIP29 - MORPHO Rewards on Optimizers post Morpho Blue launch — Passed
SnapshotGovernance—MIP28 - Morpho DAO as owner of Morpho Blue — Passed
SnapshotGovernance—v1.0.0 released — morpho-org/morpho-blue
GitHubGitHub—MIP27 - Block Analitica & B.Protocol's Flagship ETH and USDC MetaMorpho Vaults Whitelisting — Passed
SnapshotGovernance—MIP26 - Steakhouse's RWA-backed Flagship USDC MetaMorpho Vault Whitelisting — Passed
SnapshotGovernance—MIP25 - MORPHO Rewards Age 9 — Passed
SnapshotGovernance—MIP24 - MORPHO Rewards Age 9 — Failed
SnapshotGovernance—v1.0.0-beta released — morpho-org/morpho-blue
GitHubGitHub—v1.0.0-alpha released — morpho-org/morpho-blue
GitHubGitHub—MIP24 - MORPHO Rewards Age 8 — Passed
SnapshotGovernance—MIP23 - Update multisig signer — Passed
SnapshotGovernance—MIP22 - List sDAI and USDT as Collateral on the AaveV3-ETH Optimizer — Passed
SnapshotGovernance—MIP21 - MORPHO rewards Age 7 — Passed
SnapshotGovernance—MIP20 - Ratification of June 2023 upgrades — Passed
SnapshotGovernance—MIP19 - Raise the P2P Cursor on AaveV2/V3 Optimizers for the WETH market — Passed
SnapshotGovernance—MIP18 - List cbETH as collateral to AaveV3-ETH Optimizer — Passed
SnapshotGovernance—MIP17 - MORPHO rewards Age 6 — Passed
SnapshotGovernance—MIP16 - Accept ownership of the vault ma3WETH — Passed
SnapshotGovernance—MIP15 - List rETH as collateral only on the AaveV3-ETH Optimizer — Passed
SnapshotGovernance—MIP14 - MORPHO rewards Age 5 — Passed
SnapshotGovernance—MIP13 - Add a timelock to the AaveV3 ETH Optimizer owner — Passed
SnapshotGovernance—MIP12 - Morpho DAO as owner of the AaveV3 ETH Optimizer — Passed
SnapshotGovernance—MIP11 - MORPHO rewards Age 4 — Passed
SnapshotGovernance—MIP10 - Morpho, Lenses & Vaults upgrades — Passed
SnapshotGovernance—MIP9 - Peer-to-peer index cursors update — Passed
SnapshotGovernance—MIP8 - Governance & Snapshot update — Passed
SnapshotGovernance—MIP7 - FEI market deprecation — Passed
SnapshotGovernance—[Gauges Vote] Age 3 - Epoch 1 — Passed
SnapshotGovernance—MIP6 - Add granular pausing and asset deprecation — Passed
SnapshotGovernance—MIP5 - Whitelist Morpho's vaults and Sense contracts to transfer $MORPHO tokens — Passed
SnapshotGovernance—MIP4 - Age 3 total distribution — Passed
SnapshotGovernance—MIP3 - Introducing Morpho Gauges for Age 3 — Passed
SnapshotGovernance—MIP2 - Governance Update — Passed
SnapshotGovernance—MIP1 - Early Core Contributors Allocation — Passed
SnapshotGovernance—
