> ## 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.

# Welcome to Dynamo Finance

> Dynamo Finance is a non-custodial, permissionless web3 lending market built on Morpho's immutable smart contracts, supercharged with advanced tools, automation, curated vaults, and a SubDAO governance layer.

Dynamo Finance is a **web3 lending market built on Morpho's smart contracts**, supercharged with advanced tools, automation, curated vaults, and additional rewards. It is non-custodial, permissionless, and designed for the next generation of on-chain finance.

Supply assets to earn yield, borrow against collateral, deposit into community-curated vaults, and participate in Morpho governance, all from a single interface.

<CardGroup cols={2}>
  <Card title="Quickstart" icon="rocket" href="/get-started/quickstart">
    Connect a wallet and make your first deposit in minutes.
  </Card>

  <Card title="What is Dynamo Finance?" icon="circle-info" href="/get-started/what-is-dynamo-finance">
    Learn what Dynamo is, how it relates to Morpho.
  </Card>

  <Card title="How it works" icon="gears" href="/get-started/how-it-works">
    A walkthrough of supplying, borrowing, and earning.
  </Card>

  <Card title="Dynamo vs. Morpho" icon="code-compare" href="/get-started/dynamo-vs-morpho">
    A side-by-side comparison of what each platform offers.
  </Card>
</CardGroup>

## Why Dynamo

* **Built on [Morpho](https://dynamo.finance/)** — every market and vault you interact with lives on Morpho's [immutable, audited smart contracts](/get-started/what-is-dynamo-finance#built-on-morpho).
* **Non-custodial** — your funds are held by smart contracts, never by Dynamo. Only you can withdraw them.
* **Curated [Morpho vaults](https://dynamo.finance/)** — community-managed yield strategies on top of MetaMorpho. See [Vaults](/concepts/vaults).
* **Advanced tooling** — the [Risk Dashboard](/risk-dashboard/overview), [Risk Rating](/features/risk-rating), [Safety Margin](/features/safety-margin), and [Liquidation Risk](/features/liquidation-risk) views give you visibility you won't find on Morpho.org.
* **Native rewards** — earn the [Dynamo token](/token/tokenomics) on top of base lending yield through [reward campaigns](/concepts/rewards).
* **SubDAO governance** — Dynamo aggregates community voting power to actively steer [Morpho governance](/governance/morpho-governance).
* **Permissionless** — no account, email, or KYC. A Web3 wallet is all you need.

## Start here

<CardGroup cols={2}>
  <Card title="Supply assets" icon="arrow-trend-up" href="/concepts/markets">
    Deposit into an isolated [lending market](/concepts/markets) or a [vault](/concepts/vaults) and start earning yield, paid by borrowers.
  </Card>

  <Card title="Borrow against collateral" icon="hand-holding-dollar" href="/concepts/collateral-and-ltv">
    Unlock liquidity from your holdings. Understand [LTV, LLTV, and your health factor](/concepts/collateral-and-ltv) before you borrow.
  </Card>

  <Card title="Earn with vaults" icon="chart-line" href="/concepts/vaults">
    Deposit once and let community-curated vaults allocate across the highest-yielding markets.
  </Card>

  <Card title="Manage your positions" icon="sliders" href="/concepts/position-managament">
    Track supplied assets, borrows, vault deposits, and your health factor from a single dashboard.
  </Card>
</CardGroup>

## Core concepts

Understand the building blocks of the protocol.

<CardGroup cols={2}>
  <Card title="Markets" icon="chart-column" href="/concepts/markets">
    How lending markets connect suppliers and borrowers, and the parameters that govern them.
  </Card>

  <Card title="Vaults" icon="vault" href="/concepts/vaults">
    How MetaMorpho vaults allocate deposits across markets to maximize blended yield.
  </Card>

  <Card title="Interest rates" icon="percent" href="/concepts/interest-rates">
    How supply and borrow APYs are driven by utilization, updated in real time.
  </Card>

  <Card title="Collateral & LTV" icon="scale-balanced" href="/concepts/collateral-and-ltv">
    How collateral, LLTV, and health factor determine your borrowing power.
  </Card>

  <Card title="Liquidations" icon="triangle-exclamation" href="/concepts/liquidations">
    What triggers a liquidation, the penalty, and how to protect your position.
  </Card>

  <Card title="Rewards" icon="gift" href="/concepts/rewards">
    MORPHO emissions, Dynamo vault incentives, and extra curator rewards
  </Card>
</CardGroup>

## Risk & safety

DeFi carries real risk. Dynamo gives you the data to manage it.

<CardGroup cols={2}>
  <Card title="Risk Dashboard" icon="gauge-high" href="/risk-dashboard/overview">
    Global and per-market risk signals across every chain Dynamo supports.
  </Card>

  <Card title="Risk Rating" icon="shield-halved" href="/features/risk-rating">
    Objective Low / Medium / High risk tiers for every [Morpho market](https://dynamo.finance/) and vault.
  </Card>

  <Card title="Safety Margin" icon="life-ring" href="/features/safety-margin">
    Set a conservative target LTV and keep automatic discipline on your borrow positions.
  </Card>

  <Card title="Liquidation Risk" icon="chart-line-down" href="/features/liquidation-risk">
    See exactly how far your collateral price can fall before you become liquidatable.
  </Card>

  <Card title="Security overview" icon="lock" href="/security/overview">
    How Dynamo's non-custodial design and audited contracts protect you.
  </Card>

  <Card title="Risk disclaimer" icon="file-shield" href="/legal/risk-disclaimer">
    Material risks explained of using Dynamo and the Morpho Blue protocol.
  </Card>
</CardGroup>

## Governance & token

Dynamo is a SubDAO with a real seat at Morpho's governance table.

<CardGroup cols={2}>
  <Card title="Governance overview" icon="landmark" href="/governance/overview">
    How Dynamo's SubDAO governance interacts with Morpho.
  </Card>

  <Card title="Dynamo governance" icon="people-group" href="/governance/dynamo-governance">
    The current model: off-chain discussion plus on-chain signaling.
  </Card>

  <Card title="Morpho governance" icon="diagram-project" href="/governance/morpho-governance">
    How Dynamo participates in Morpho DAO decisions.
  </Card>

  <Card title="Dynamo token" icon="coin" href="/token/tokenomics">
    Tokenomics, supply, and how the Dynamo token is used.
  </Card>
</CardGroup>

## Guides & resources

<CardGroup cols={2}>
  <Card title="Fees" icon="receipt" href="/fees/overview">
    How [market fees](/fees/market-fees) and [vault fees](/fees/vault-fees) work and how they are split.
  </Card>

  <Card title="FAQ" icon="circle-question" href="/get-started/faq">
    Quick answers to the most common questions about Dynamo.
  </Card>

  <Card title="Glossary" icon="book" href="/resources/glossary">
    Definitions for every  Dynamo-specific term used across the docs.
  </Card>

  <Card title="Brand assets" icon="image" href="/resources/brand-assets">
    Logos, colors, and usage guidelines for brand assets.
  </Card>
</CardGroup>

<Info>
  Ready to start? Open the app at [dynamo.finance](https://dynamo.finance) and follow the [Quickstart](/get-started/quickstart).
</Info>