Morpho Blue IRM Smart Contract Audit

Cantina Security Report

Organization

@Fastlane

Engagement Type

Spearbit Web3

Period

-


Security Review of Morpho Blue’s Interest Rate Models

Cantina partnered with Morpho, a protocol redefining on-chain lending through permissionless, composable lending layers, to audit its Interest Rate Models (IRM) used within Morpho Blue. These models are core to Morpho’s capital efficiency, enabling adaptive, formula-driven rate dynamics based on utilization.

With IRMs directly shaping lending and borrowing behavior, this audit ensured the precision, predictability, and safety of Morpho’s interest calculation mechanisms. As part of its effort to create a resilient DeFi ecosystem, Morpho’s engagement with Cantina reflects its commitment to engineering both innovation and robustness.

The review was conducted through Cantina’s security audits offering. To see how projects like Morpho reinforce trust in protocol design, explore Cantina’s bug bounty programs and crowdsourced security competitions.


Findings

High Risk

15 findings

15 fixed

0 acknowledged

Medium Risk

25 findings

24 fixed

1 acknowledged

Low Risk

35 findings

31 fixed

4 acknowledged

Informational

81 findings

74 fixed

7 acknowledged

Gas Optimizations

34 findings

31 fixed

3 acknowledged