Premium MORE Markets

When a new market is created and the premium market parameter is enabled, standard Morpho-style markets transform into premium MORE markets. These premium markets offer additional parameters to market creators that offer fine-tuned risk management for borrowers who wish to access preferential loan terms. These borrowers are referred to as premium borrowers.

In addition to the standard market parameters, MORE markets include:

• one credit attestation service,

• an interest rate multiplier at maximum LLTV,

• and LLTVs for each of five predefined credit score ranges.

Market Nomenclature

MORE Markets expands on the Morpho market naming standards for premium MORE markets. Just as in Morpho, markets' names are derived from individual market parameters, but additionally include those noted below.

Premium MORE markets use the following format:

CollateralAsset/LoanAsset (LLTV, ORACLE, IRM, CAS, IRXMAXLLTV, LLTV0-200, LLTV201-400, LLTV401-600, LLTV601-800, LLTV801-1000)

The following parameters provide an example:

CollateralAsset: wstETH LoanAsset: WETH LLTV: 94.5% Oracle: PythOracle IRM: AdaptiveCurveIRM CreditAttestationService: CredoraCreditAttestationService IRXMaxLLTV: 2 LLTV0-200: 100% LLTV201-400: 125% LLTV401-600: 150% LLTV601-800: 175% LLTV801-1000: 200%

The market would be named wstETH/WETH (94.5%, PythOracle, AdaptiveCurveIRM, CredoraCreditAttestationService, 2, 100%, 125%, 150%, 175%, 200%)

Each market will have an id, which is a hash of the market parameters.