Morpho co-founder and CEO Paul Frambot published an article on X on Sept. 24 proposing that onchain vaults be divided into two regulatory categories, and drew objections within the hour from Aave founder Stani Kulechov, attorney Gabriel Shapiro and several vault infrastructure founders. Frambot's... Read the full story at The Defiant
Policy
Morpho Founder's Vault Classification Draws Pushback From Aave's Kulechov
Paul Frambot proposed splitting onchain vaults into "noncustodial" and "discretionary" categories for regulators. Aave founder Stani Kulechov called the split "self-serving," and vault builders said a timelock does not remove the manager.
