The fee model $MORPHO ๐โจ
Protocol-level fee switch ๐ฅ
๐๐ The core #Morpho smart contracts include a fee parameter ๐ฐ๐ฅ / switch that governance can activate and set (0โ25% cap). ๐โก When enabled, ๐ณ๐ฐ a fraction of borrower interest is diverted from the P2P spread into a fee recipient (the DAO treasury or designated address). ๐๐พ
Capped at 25% ๐๐
๐๐ฅ Governance can set the percent but cannot exceed 25% (this is enforced in contract logic / protocol docs). ๐โก In practice this means borrowers would still pay the underlying interest + P2P margin, ๐๐ but up to 25% of interest paid could be captured. โฅ๏ธ๐
Per-market vs global behaviour ๐โจ
๐โจ The docs and governance notes indicate fee control can be adjusted via governance and managed at the protocol ๐ฐโฅ๏ธ (Morpho) level; some markets may be governed or configured with their own settings. ๐๐ The fee switch is a governance action that affects markets where it's enabled. ๐๐พ