Morpho DAO Structure
Morpho DAO governs the Morpho protocol through on-chain proposals and voting. The DAO controls:- Fee switches: Whether and how much the protocol collects from market activity
- IRM whitelisting: Which Interest Rate Model (IRM) contracts can be used in new markets
- Oracle policies: Approved oracle adapters and price feed configurations
- Risk parameters: Global and per-market configuration bounds
- Protocol upgrades: Changes to core Morpho Blue contracts
The MORPHO Token
MORPHO is the governance token of Morpho DAO. Its primary utility is voting on protocol proposals. Key properties:- Voting power is proportional to MORPHO held or delegated
- Tokens can be delegated to other addresses (including the Dynamo DAO) without transferring ownership
- Non-transferable at launch; transferability subject to DAO vote
How Dynamo Participates
Dynamo operates as a SubDAO within the Morpho ecosystem. This means:Treasury Holdings
Dynamo DAO holds MORPHO tokens in its treasury, giving it direct voting power in Morpho governance.
Risk Analytics
Dynamo compiles risk data on markets, oracles, and parameter proposals and submits analysis to Morpho governance discussions.
Delegated Voting
DYNAMO holders can delegate their MORPHO voting power to Dynamo DAO, amplifying the SubDAO’s influence on protocol decisions.
Community Voice
Dynamo surfaces Morpho proposals to its community, aggregates sentiment, and votes on behalf of the broader Dynamo ecosystem.
Staying Informed
Dynamo tracks Morpho governance closely and communicates relevant proposals to the community:- Active proposals and voting summaries are published in the Dynamo community forum
- The Dynamo DAO publishes its voting rationale before casting MORPHO votes
- Users who delegate to Dynamo can follow along and signal their preferences
Morpho governance is independent of Dynamo. Morpho DAO decisions apply to the underlying protocol and cannot be overridden by Dynamo governance.