A post published from the official X account of decentralized lending protocol Morpho said that most curator businesses cannot sustain themselves on vault fees alone and in practice rely on private distribution agreements. The post was later deleted the same day, but not before it drew criticism from Aave founder Stani Kulechov, who called it the most bearish possible framing for MORPHO holders. Morpho CEO Paul Frambot responded by saying the post had been published by a third-party AI marketing tool. Morpho operates on Ethereum and other networks, using a vault and curator structure to match lenders and borrowers while managing capital. In that setup, curator businesses are third-party entities that create and manage vaults on top of the Morpho protocol and earn revenue from related fees.
According to ChainCatcher, a post published from Morpho’s official X account said that most curator businesses cannot sustain their operations on vault fees alone, and that their business model in practice depends on private distribution agreements. The post was deleted later the same day.
Aave founder Stani Kulechov commented on the matter, saying it was the most bearish possible framing for MORPHO holders. Morpho CEO Paul Frambot later said the post had been published by a third-party AI marketing tool.
Morpho is a decentralized lending protocol running on Ethereum and other networks. It uses a vault and curator structure to match lenders and borrowers and manage capital. In this model, curator businesses are third-party entities that create and manage vaults based on the Morpho protocol and earn income from related fees.
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