@Morpho Labs đŠ $MORPHO #Morpho
A new era of onchain asset management just went live.
Today, Morpho Vaults V2 launches â redefining what it means to build, manage, and scale noncustodial vaults on Ethereum.
If Vaults V1 proved that noncustodial curation could work, Vaults V2 perfects it â unlocking more control, flexibility, and institutional-grade precision than ever before.
đč Whatâs New in Morpho Vaults V2
Morpho Vaults V2 keeps the same trusted vault experience while introducing a suite of advanced features designed for power users, institutions, and builders.
Hereâs whatâs new:
Multi-version allocation: Vaults V2 can allocate across any Morpho version â including Vaults V1, Markets V1, and the upcoming Markets V2.
Advanced role-based design: Owners govern. Curators define risk. Allocators manage capital. Sentinels safeguard against emergencies â ensuring fully segregated, auditable operations.
Granular risk management: New identity-based controls let curators cap exposure to shared risk factors (e.g., limit total stETH exposure to $50M).
Custom access rules: Optional gate contracts enable KYC, whitelists, or token-gated deposits, while keeping vaults permissionless when desired.
In-kind redemptions: Users can now exit even during liquidity shortages using flash loanâpowered withdrawals, turning shares directly into underlying market positions.
Future-proof adapters: Vaults V2âs modular architecture makes it automatically compatible with all current and future Morpho releases â no migration needed.
âVaults V2 turns DeFi asset management into programmable, auditable infrastructure â the onchain equivalent of institutional-grade portfolio systems.â
đč Why It Matters
Morpho Vaults V2 isnât just a protocol update â itâs a framework for how the next generation of DeFi asset management will operate: open, secure, and composable.
By separating control into distinct roles and automating risk boundaries, Vaults V2 enables large-scale asset managers, DAOs, and institutions to deploy noncustodial yield strategies that remain transparent and safe.
Itâs DeFi without compromise â fully trustless for users, fully configurable for curators, and entirely onchain.
đč Security and Compliance by Design
Vaults V2 has been audited by top-tier firms â including Spearbit, ChainSecurity, Blackthorn, and Zellic â and reinforced through a Cantina competition and a $1.5M bug bounty on Cantina and Immunefi.
Key security features:
đ§© Immutable contracts â core logic canât be altered post-deployment.
â±ïž Timelocks for operational transparency.
đĄ Formal verification via Certora Prover for mathematical assurance.
đ Noncustodial structure â users retain control of assets at all times.
đč A Global, Open-Source Standard
Vaults V2 is fully open source (GPL-2.0-or-later) â enabling any developer, DAO, or institution to build their own noncustodial strategies using Morphoâs infrastructure.
This makes Vaults V2 more than just a Morpho upgrade â itâs an open framework for DeFi asset curation across the entire Ethereum ecosystem.
đč Available Now
đ Live on Ethereum, with multi-chain expansion planned.
Vaults V2 marks the moment DeFi grows up â combining transparency, flexibility, and institutional confidence in one elegant architecture.
Morpho Vaults V2 isnât just managing assets. Itâs defining the standard.



