Morpho caps curator fees at 50% of profit, allows offchain revenue sharing
- —Morpho Vaults V2 caps curator performance fees at 50% of profit and management fees at 5% of assets
- —Offchain contracts between curators and distribution channels are allowed for revenue sharing
- —MORPHO token rewards may be calculated offchain
- —Curator concentration poses risk as a single operator can set risk limits across multiple vaults
Why it matters: As curator-run vaults grow, risk management shifts from the protocol to external operators whose profitability and concentration remain undisclosed.
Source: TokenPost