Last updated: Tuesday, March 17, 2026

This disclaimer applies to all the Morpho protocols interfaces outside of those owned by the Morpho Association, and covered in its Terms of Use, and to all information and materials made available through the Morpho website, social media channels, forums, documentation, developer resources, integrations, and related communications (collectively, the “Materials”).

By accessing or using the Materials and Morpho protocols interfaces, you acknowledge and agree to the terms of this disclaimer.

All Materials are provided solely for informational and educational purposes. Nothing contained in the Materials constitutes or should be construed as:

• financial, investment, or trading advice
• legal, tax, accounting, or regulatory advice
• an offer to sell or solicitation of an offer to buy any financial instrument
• a recommendation or endorsement of any digital asset, protocols, strategy, or transaction.

Certain Materials contained in here have been obtained from third-party sources. While we strive for accuracy, we cannot guarantee that the data and information provided are completely precise or exhaustive; our efforts to provide this content are conducted on a best-effort basis. We make no representations about the enduring accuracy of the Materials or their appropriateness for a given situation.
Our content may contain forward-looking statements. These are inherently uncertain and should not be seen as guarantees or assurances of future performance or outcomes. Users should conduct their own independent research and consult qualified professional advisors before making any financial or technological decisions. Users should not rely on the Materials as a basis for making financial or technological decisions.

The Morpho protocols are a set of open-source smart contracts deployed on public blockchain networks. These smart contracts operate autonomously, permissionlessly and may be interacted with by any user or application. This means that:

• Any user, developer, or third party may interact with the protocols;
• New markets, vaults, or integrations may be created by independent actors;
• The protocols may be integrated into third-party software or applications without authorization.

Morpho Association, its subsidiaries, and contributors:

• do not operate, control, or manage the blockchain networks on which the protocols are deployed;
• do not control how the protocols are used once deployed;
• do not act as intermediaries or counterparties to protocol transactions;
• do not operate a financial service, exchange, brokerage, or crypto-asset service provider within the meaning of applicable regulations.

Use of the protocols, Materials, or any related software does not create any partnership, agency, fiduciary, or advisory relationship between users and Morpho Association, its subsidiaries, and contributors. Users interact with autonomous smart contracts and third-party software at their own initiative.

Morpho Association, its subsidiaries, and contributors do not hold, custody, manage, or control users’ digital assets at any time. Users interact with blockchain networks and smart contracts directly through their own wallets and private keys.

Accordingly:

• users remain solely responsible for safeguarding their private keys and assets;
• Morpho Association, its subsidiaries, and contributors cannot recover lost private keys or assets.
• Loss of private keys may result in the permanent and irreversible loss of digital assets.

Users may access the Morpho protocols through a variety of third-party websites, applications, wallets, aggregators, or other interfaces (“Interfaces”) developed and operated by independent entities (“Interface Providers”).

Morpho Association, its subsidiaries, and contributors:

• do not develop, operate, or control these Interfaces;
• do not guarantee the security, reliability, or accuracy of any Interface;
• do not endorse or recommend any specific Interface Provider.

When interacting with the protocols through an Interface:

• users interact with software operated by the Interface Provider, not by Morpho Association, its subsidiaries, and contributors;
• any terms of service or agreements applicable to the Interface are solely between the user and the Interface Provider.

Use of an Interface does not create any contractual, fiduciary, or advisory relationship between users and Morpho Association, its subsidiaries, and contributors. Users remain solely responsible for evaluating the security and reliability of any Interface they choose to use.

Also, certain components of the ecosystem, including but not limited to:

• Vault curators,
• Liquidity providers,
• Market creators,
• Integrators,
• Application developers,

• Liquidators;

may participate in the ecosystem as independent third parties. These actors operate independently of Morpho Association, its subsidiaries, and contributors and are solely responsible for their activities, representations, and services. Morpho Association, its subsidiaries, and contributors do not assume responsibility for the conduct, actions, or omissions of such third parties.

Third-party interfaces or integrations may modify how information about the protocols is displayed or may introduce additional functionality. Morpho Association does not verify or guarantee the accuracy of such representations.

Interacting with blockchain-based protocols involves substantial risk. These risks include, but are not limited to:

• extreme price volatility of digital assets;
• liquidity risks;
• smart-contract vulnerabilities or bugs (coding errors, vulnerabilities, unforeseen interactions with other protocols, etc);
• blockchain network failures or congestion;
• oracle failures;
• governance changes affecting protocol parameters;
• regulatory uncertainty.

Such risks may result in loss of digital assets, unexpected protocol behavior, and economic losses. Users interact with the protocols at their own risk.

Also, transactions on blockchain networks are generally irreversible. Users may lose part or all of their digital assets when interacting with decentralized protocols. Users should carefully assess their financial situation and risk tolerance before engaging in such activities. By interacting with the protocols or relying on the Materials, users acknowledge that they understand the risks associated with decentralized technologies and accept full responsibility for their actions.

Certain aspects of the Morpho protocols may be governed through decentralized governance mechanisms. Governance participants may propose or vote on changes to protocol parameters or functionality. Morpho Association, its subsidiaries, and contributors do not control or guarantee governance outcomes. Governance decisions may alter the operation, risk profile, or economics of the protocols. The governance discussions happen on the Morpho governance forum. These discussions can lead to proposals that will be voted on. The governance participants act independently and in their own capacity and do not represent Morpho Association, its subsidiaries, and contributors unless explicitly stated.

The Materials and the protocols are provided “as is” and “as available.” To the fullest extent permitted by applicable law, Morpho Association, its subsidiaries, and contributors disclaim all warranties, whether express or implied, including but not limited to:

• Merchantability
• fitness for a particular purpose
• Non-infringement
• uninterrupted or error-free operation.

No representation is made that the protocols or Materials will be secure, accurate, or free of defects.

To the maximum extent permitted by applicable law, in no event shall Morpho Association, its subsidiaries, contributors, officers, directors, employees, agents, or affiliates be liable to any user or third party for any direct, indirect, incidental, consequential, special, punitive, or exemplary loss or damage of any kind, whether arising under contract, tort  (including negligence), strict liability, or any other legal or equitable theory, and regardless of whether such party has been advised of the possibility of such damages including but not limited to:

• loss of digital assets or any decrease in value thereof;
• loss of profits, anticipated profits, or revenue;
• trading losses, losses arising from liquidation events, or failed or delayed transactions;
• loss of data;
• economic damages.

The regulatory treatment of digital assets and decentralized protocols varies across jurisdictions and remains uncertain in many regions. Users are solely responsible for ensuring that their interaction with the protocols complies with applicable laws and regulations in their jurisdiction. Nothing in the Materials should be interpreted as:

• an offer of regulated financial services;
• crypto-asset services or marketing of crypto-assets to the public within the meaning of the European Union Markets in Crypto-Assets Regulation (MiCA) or other applicable regulatory frameworks.