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Morpho's immutability ends where your curator's flow caps begin
If you're supplying USDC to a Morpho vault, the protection you're depending on isn't the one the protocol advertises. One flow cap setting separated Gauntlet ($5.95M loss) from Steakhouse (zero) in the March 22 Resolv exploit.
MorphoLending
$6.2M Left "Safe" Morpho Vaults in 90 Minutes. Here's How.
Morpho's isolation model worked on March 22. The Public Allocator above it didn't. A hardcoded oracle and 90 minutes was all it took to drain $6.2M from 15 curator vaults.
MorphoLending