> ## 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.

# Whitelisted Markets (Soon)

> How the Dynamo DAO whitelists Morpho markets for Dynamo Vaults, and which markets are currently approved on each supported chain.

Every Dynamo Vault can only allocate capital to **markets that the DAO has explicitly whitelisted** for that vault. This page explains the whitelisting process and lists the chains and markets currently approved.

<Note>
  Whitelists are managed per vault, per chain. A market being whitelisted on one Dynamo Vault does not automatically whitelist it on any other.
</Note>

## Why whitelists exist

[Morpho](https://dynamo.finance/) is permissionless, anyone can spin up a new market with any collateral, any oracle, and any LLTV. That openness is powerful, but it means a vault left to allocate freely could end up in markets with unreliable oracles, aggressive LLTVs, or misconfigured parameters.

Dynamo Vaults eliminate that risk by **requiring every market to be approved by DAO governance before any capital can reach it**. The whitelist is the security perimeter of each vault.

This approach gives depositors:

* **Predictable exposure** — the vault cannot suddenly rotate into a market the community has not vetted.
* **Auditable risk** — the full set of reachable markets is visible on-chain and in the Dynamo UI.
* **Community-aligned curation** — the same DYNAMO holders who carry economic exposure also approve the markets.

## The DAO whitelisting process

Adding (or removing) a market on a Dynamo Vault's whitelist goes through the standard governance lifecycle:

<Steps>
  <Step title="Forum discussion">
    A community member, contributor, or curator drafts a whitelisting proposal on the Dynamo governance forum, including:

    * The target Dynamo Vault
    * The Morpho Blue market (chain, loan asset, collateral asset, oracle, IRM, LLTV, market ID)
    * Rationale: why this market fits the vault's mandate
    * Risk analysis: oracle source, LLTV, TVL, list date, risk tier
  </Step>

  <Step title="Risk review">
    The proposal is reviewed against the vault's risk framework. Key inputs include the Risk Dashboard, the market's risk rating, and the market parameters (LLTV, oracle, IRM, caps).
  </Step>

  <Step title="On-chain proposal & vote">
    Once the discussion has stabilized, the proposal is moved to an on-chain [vote](/governance/voting). DYNAMO holders, directly or via delegation, signal approval or rejection.
  </Step>

  <Step title="Execution">
    If the vote passes, the vault's whitelist is updated on-chain. The market becomes reachable by the vault's allocation methodology. If rejected, the market remains off-limits.
  </Step>

  <Step title="Ongoing review">
    Whitelists are not set-and-forget. The DAO can vote at any time to remove or down-weight a whitelisted market if its risk profile changes (e.g., oracle issues, TVL collapse, LLTV change on the underlying market).
  </Step>
</Steps>

<Tip>
  Whitelist changes interact directly with the allocation methodology. Adding a market does not automatically mean the vault will allocate to it, the methodology determines weights.
</Tip>

## Supported chains and Dynamo Vaults

Morpho is deployed across many chains. **Dynamo Vaults are only live on the chains listed below.** Other Morpho chains may be added in the future via DAO vote.

| Chain                | Morpho deployed | Dynamo Vaults live  | Whitelisted markets |
| :------------------- | :-------------- | :------------------ | :------------------ |
| **Ethereum mainnet** | ✅               | 🔜 At launch        | TBD                 |
| Base                 | ✅               | 🔜 Pending DAO vote | —                   |
| Arbitrum             | ✅               | 🔜 Pending DAO vote | —                   |
| OP Mainnet           | ✅               | 🔜 Pending DAO vote | —                   |
| Polygon POS          | ✅               | 🔜 Pending DAO vote | —                   |
| Unichain             | ✅               | 🔜 Pending DAO vote | —                   |
| World Chain          | ✅               | 🔜 Pending DAO vote | —                   |
| Katana               | ✅               | 🔜 Pending DAO vote | —                   |
| HyperEVM             | ✅               | 🔜 Pending DAO vote | —                   |
| Other Morpho chains  | ✅               | 🔜 Not active       | —                   |

<Note>
  Morpho is deployed on 30+ chains. The table above lists the chains most relevant to Dynamo Vaults at and around launch. The authoritative list of all Morpho deployments is maintained in the [Morpho documentation](https://docs.morpho.org/get-started/resources/addresses).
</Note>

## Per-vault whitelists

| Vault                         | Whitelisted Markets |
| :---------------------------- | :------------------ |
| **Dynamo Mainnet USDC Prime** |                     |
|                               |                     |
|                               |                     |
|                               |                     |
|                               |                     |
|                               |                     |
|                               |                     |
|                               |                     |