On-Chain Risk Scores for Under-Collateralized DeFi Lending: Lessons from Morpho and Aave TVL Declines
DeFi lending protocols like Aave and Morpho have powered explosive growth, but recent TVL declines expose vulnerabilities in permissionless markets. Aave v3 peaked at $26.09 billion TVL in June 2025, contributing to a sector high of $55.69...
