> ## Documentation Index
> Fetch the complete documentation index at: https://docs.dynamo.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# What is Morpho?

> Dynamo is built on Morpho's audited smart contracts — learn about Morpho Blue, MetaMorpho vaults, the bundler, and where to verify the underlying protocol layer.

Dynamo is a frontend and tooling layer built directly on top of **Morpho's audited smart contracts**. Every market you supply to, every vault you deposit into, and every [crypto loan](https://dynamo.finance/) you take out on Dynamo is executed by Morpho's on-chain code, not Dynamo's. Understanding what Morpho is and how it works helps you verify the security of every action you take.

## Why this matters

Morpho's contracts are:

* **Immutable** — core parameters cannot be changed after deployment. No admin can upgrade the contracts or move your funds.
* **Non-custodial** — your assets are held by the smart contracts, never by Morpho or Dynamo.
* **Permissionless** — anyone can create a market or vault; no central party controls access.
* **Independently audited** — multiple security firms have reviewed the code. Audit reports are publicly available.

Dynamo adds analytics, automation, rewards, and governance tooling on top of this foundation, but the settlement layer is always Morpho.

## Core components

### Morpho Blue

**Morpho Blue** is the core lending primitive. It implements the isolated market model: each market is an independent pool with a fixed loan asset, collateral asset, oracle, and LLTV. Morpho Blue contains \~650 lines of Solidity and has no external dependencies, its simplicity is a deliberate security property.

* [Morpho Blue documentation →](https://docs.morpho.org/get-started/)
* [Morpho Blue source code →](https://github.com/morpho-org/morpho-blue)

### MetaMorpho vaults

**MetaMorpho** is the vault standard built on top of Morpho Blue. It defines how curators deploy yield-optimizing vaults that allocate depositor funds across multiple Morpho markets. Every vault on Dynamo is a MetaMorpho vault.

* [MetaMorpho documentation →](https://docs.morpho.org/build/earn/get-started)
* [MetaMorpho source code →](https://github.com/morpho-org/metamorpho)

### Morpho bundler

The **Morpho bundler** is a utility contract that batches multiple protocol actions into a single transaction. Dynamo uses the bundler to power one-click experiences, for example, supplying collateral and borrowing in the same transaction, or repaying debt and withdrawing collateral atomically.

* [Bundler documentation →](https://docs.morpho.org/learn/concepts/bundlers#what-are-bundlers)

## Audits and security

Morpho's contracts have been audited by multiple independent security firms. Audit reports are published openly and are the authoritative source for understanding what has been reviewed.

<CardGroup cols={2}>
  <Card title="Morpho Audit Reports" icon="file-shield" href="https://docs.morpho.org/get-started/resources/audits/">
    All published audit reports for Morpho Blue, MetaMorpho, and related contracts.
  </Card>
</CardGroup>

## Morpho documentation

For a deep dive into the protocol mechanics, governance, and technical specifications, Morpho maintains its own comprehensive documentation:

[docs.morpho.org →](https://docs.morpho.org)

## Dynamo's relationship to Morpho

Dynamo is an independent **SubDAO** that:

1. Builds and maintains the Dynamo frontend and tooling layer
2. Runs curated MetaMorpho vaults
3. Aggregates community voting power to participate in Morpho governance
4. Distributes Dynamo token rewards on top of base Morpho yield

Dynamo does not modify or fork the [Morpho](https://dynamo.finance/) contracts. When you transact on Dynamo, you are transacting directly with Morpho's immutable on-chain code.

<Note>
  Dynamo's non-custodial design means that even if Dynamo's frontend went offline, your funds would remain accessible directly through the Morpho contracts or any other compatible interface.
</Note>