Completing the Deprecation of $Morpho Optimizers

TL;DR

On 7 September 2025, $Morpho Association will fully deprecate front-end support for all $Morpho Optimizer products.

It will replace them with a migration tool to move positions to $Morpho V1 and links to interact directly with contracts via Etherscan.

Background

In June 2022, $Morpho began as an optimization layer built on existing lending protocols. By matching lenders and borrowers peer-to-peer, $Morpho Optimizer improved capital efficiency and provided users with better rates.

Despite its success ($2B in total deposits in just over one year), two fundamental limitations became clear:

Growth ceiling: $Morpho could only become as large as a percentage of the underlying protocols.
Foundational gaps: As the largest user of these lending pools, we realized they were not open, flexible, or stable enough to serve as a true foundation for onchain lending.

In late 2023, we outlined this in “Decentralized Brokers vs Protocols” (https://t.co/ELK69HNYDB), explaining why DeFi apps should evolve into general infrastructure that empowers builders to curate their financial products.

At the beginning of 2024, $Morpho V1 was released. It embodied our vision for foundational DeFi infrastructure. It featured an immutable, permissionless base layer and externalized risk curation that pioneered the concept of curators.

A year and a half later, $Morpho V1 is integral to the DeFi ecosystem, with close to $7B in total deposits, 20+ active curators, and deployments across 20 chains. It’s also the first protocol directly integrated by a major enterprise like Coinbase, having issued $520M+ in bitcoin-backed loans (https://t.co/alM10C6sIb).

Recap of Optimizer Deprecation

During this period, $Morpho Optimizers has gone through three phases of deprecation

MIP-52: https://t.co/NNqcGOmVab
MIP-71: https://t.co/zYgWpZMA2J
MIP-84: https://t.co/2pCWl0c7pw

As of now, creating new positions through the $Morpho Association front-end applications and interfaces is disabled, and only withdrawals remain possible.

Next Steps

From 7 September 2025, 60 days from today, the $Morpho Association will no longer support the front-end interface for any $Morpho Optimizer Protocols (AaveV3, AaveV2, CompoundV2). It will replace it with an Etherscan link to interact directly with the contracts and a migration interface, which will help users easily transfer their positions from $Morpho Optimizer products to $Morpho V1.