{"protocol_slug":"morpho","protocol_name":"Morpho","score":75.3,"confidence":"high","confidence_tag":null,"missing_categories":[],"component_coverage":0.85,"components_populated":23,"components_total":27,"category_scores":{"revenue":64.6,"security":29.25,"liquidity":95.79,"token_health":76.48,"balance_sheet":94.63},"component_scores":{"tvl":100,"fees_30d":100,"pool_depth":100,"token_mcap":100,"audit_count":0.0,"chain_count":100,"revenue_30d":80,"bad_debt_ratio":100.0,"fees_tvl_ratio":23.42,"mcap_tvl_ratio":92.6,"protocol_dex_tvl":100,"token_volume_24h":80,"utilization_rate":87.97,"tvl_concentration":92.41,"audit_recency_days":0.0,"treasury_total_usd":70,"fees_tvl_efficiency":12.76,"governance_stability":40.0,"token_liquidity_depth":1.42,"market_listing_velocity":80.0,"protocol_admin_key_risk":65.0,"collateral_coverage_ratio":10.0,"token_price_volatility_30d":69.16},"raw_values":{"tvl":6543177846,"fees_30d":13186034,"pool_depth":90,"token_mcap":1091706834.5610838,"audit_count":0,"chain_count":30,"revenue_30d":3955810.1999999997,"bad_debt_ratio":0.0,"fees_tvl_ratio":0.024182807150310185,"mcap_tvl_ratio":0.16684657826142846,"protocol_dex_tvl":6543177846,"token_volume_24h":13102288,"utilization_rate":36.392405833912235,"tvl_concentration":35.31348612888209,"audit_recency_days":730,"treasury_total_usd":77862194,"fees_tvl_efficiency":0.007254842145093056,"governance_stability":40.0,"token_liquidity_depth":0.011983062278115013,"market_listing_velocity":80.0,"protocol_admin_key_risk":65,"treasury_stablecoin_pct":0.00024936663219481326,"collateral_coverage_ratio":10.0,"token_price_volatility_30d":15.42075},"formula_version":"v0.2.0","computed_at":"2026-04-21T10:05:10.423332+00:00"}