Market-listing governance threshold
Morpho V1 (Morpho Blue + MetaMorpho)'s assessment for RD-F-072 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Market creation is fully permissionless — any address can create a market using any governance-whitelisted LLTV and any oracle. No DAO vote required for individual market creation. The DAO only controls the LLTV whitelist and IRM whitelist. Classification: permissionless (yellow per template).
Detail #
From profile §6 and docs: the Morpho DAO's administrative powers over Morpho Blue are limited to: (1) LLTV whitelist — add/remove allowed LLTV values; (2) IRM whitelist — add/remove allowed interest rate models; (3) fee switch (up to 25%); (4) treasury. Individual market creation requires no governance vote — any address can deploy a market by calling Morpho.createMarket() with parameters that pass the whitelist checks (LLTV and IRM must be from the approved list; oracle and tokens can be anything). This is by design — permissionless market creation is a core Morpho Blue feature. Template: green = high-threshold DAO vote required; yellow = permissionless or low-threshold. Permissionless = yellow.
Sources #
- DocsMorpho Blue variable rate market docsdocs.morpho.org/learn/concepts/market — market creation permissionless; LLTV and IRM must come from governance-approved whitelist; oracle and token addresses are freeretrieved 2026-04-27
- Protocol profile §6 governance topologyProfile §6: DAO powers limited to fee switch, LLTV whitelist, IRM whitelist, treasury — cannot govern individual market parametersretrieved 2026-04-27
Methodology #
Classify the governance threshold required to list a new market as: permissionless / low-threshold (team multisig) / high-threshold (DAO vote) / no new listings.
See the full factor methodology and distribution across all protocols →