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Morpho Founder's Vault Classification Draws Pushback From Aave's Kulechov

The Defiant·September 24, 2026·1 min read
Morpho Founder's Vault Classification Draws Pushback From Aave's Kulechov

Morpho founder 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 argued that a timelock does not remove the manager, sparking debate over vault classification standards.

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