Category: Companies & Projects

Morpho – Crypto Lending & Borrowing Review

Score: 69/100. Immutable core never breached across 3 incidents, but a Jun 2026 vault lost $18M to a lapsed, negligent curator.

Score: 72.25/100. Survived two 2026 stress events with zero bad debt, per a Q2 investor report, not just its own marketing.

Score: 50.5/100. Fast, no-KYC lending with a great product, but no named founder, no PoR, and vague licensing behind it.

Score: 63.25/100. Pioneer whose 2021 self-inflicted $161.7M COMP bug remains its scar, though its caution spared it in Apr 2026.

Score: 69.5/100. Category leader hit hardest by the Apr 2026 KelpDAO crisis: $124-230M bad debt, its largest liquidity event yet.

Score: 75/100. Highest CeFi score in this series: 10 straight PoR attestations, explicit no-re-lending pledge, never lost customer funds.

Score: 66.75/100. The most technically ambitious scope here (LP tokens, vaults), with no confirmed named audit we could find.

Score: 65/100. Distinctive DEX+CEX liquidity, handled a small $22k hack well, but we found active impersonating domains ourselves.

Score: 68.5/100. Wintermute-incubated RFQ+JAM pricing; its own contracts are clean, but its backer’s 2022 hack forced a shutdown.