Algorithmic / under-collateralized stablecoin

Morpho V1 (Morpho Blue + MetaMorpho)'s assessment for RD-F-069 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Morpho Blue is an over-collateralized lending protocol. It issues no algorithmic or under-collateralized stablecoin. Loan assets are established external tokens (USDC, USDT, DAI, WETH). Not applicable.

Detail #

Protocol category: LEND (permissionless lending primitive). Morpho Blue creates isolated lending markets — it does not issue any stablecoin. Borrowers post external collateral to borrow external loan assets. No algorithmic stablecoin design present. Factor designed for Terra/Luna-class protocols. Not applicable.

Sources #

Internal
Protocol profile §1 identityProfile §1: category LEND — permissionless lending primitive, no stablecoin issuanceretrieved 2026-04-27

Methodology #

Classify whether the protocol is an algorithmic or under-collateralized stablecoin design per curator classification.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol morpho-v1 factor RD-F-069 score not_applicable collected_at 2026-04-30 21:19:13