Monarch: Direct Market Access
Monarch is a user interface for direct interaction with Morpho Blue markets. It gives users complete control over their lending positions without intermediaries like vaults or risk curators.
Market Discovery
By default, Monarch filters markets to show only quality options:
- Hides small markets with low liquidity
- Hides markets with unrecognized oracles or assets
- Shows only markets whitelisted by Morpho's official API
Full Permissionless Access In keeping with Morpho's permissionless spirit, Monarch won't block you from accessing any market. You can disable filters to view and interact with all markets at your own risk.
Customizable market view settings
Core Features
Market Analysis
- Detailed risk metrics and oracle breakdown
- Market activity and historical data
- Warning indicators for problematic setups
- Reward badges showing Merkl campaign incentives
Position Management
- Direct market access without intermediaries
- Batch execution for efficient rebalancing
- Real-time PnL tracking across positions
- Leverage and deleverage on supported route / chain combinations
- ERC4626-aware leverage routing when the collateral vault underlying matches the market loan asset
Data Layer
- Monarch combines Morpho API, Monarch GraphQL, and selective fallback sources
- The frontend uses Monarch GraphQL for market state, historical snapshots, transactions, and vault metadata
- See the API docs for examples and usage notes
Risk Management
Direct market access requires active risk management. Monarch provides analysis tools, but you make all decisions. You need to understand:
- Collateral quality evaluation
- Market parameters (LLTV, oracles)
- When to rebalance positions
- When leverage meaningfully increases liquidation risk