Aave Founder Questions Morpho’s Definition of Non-Custodial Vaults

10h ago•

bullish:

bearish:

Aave founder Stani Kulechov has questioned Morpho’s proposed definition of non-custodial DeFi vaults, arguing that users may still face changes to how their funds are allocated.

His concern centers on the powers given to vault curators. Even with timelocks, Kulechov said managers could potentially expand allocations beyond the strategy users initially agreed to.

He also questioned whether users have enough visibility into those decisions. In his view, relying on implied approval could leave liquidity providers with limited control over how their funds are deployed.

This categorisation doesn’t make sense and is pretty much self-serving.

First of all, arguing that a vault where a curator has discretion over how capital is allocated across markets, and can even expand into new markets beyond the user’s initial mandate, which, btw, is a known… https://t.co/VMRPQQgex…