01 /
Brief
Morpho vault curator with discretionary yield strategies. ~$1.4B TVL at peak. Exposed in November 2025 xUSD incident (~$700K bad debt).
02 /
Snapshot
Key terms and identifiers.
- Asset classes
- Treasuries, Private credit
03 /
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
