More Markets
4 known investors
More Markets is a decentralized trading platform building automated leveraged yield strategies on the Morpho lending protocol.
Also known as MORE · More Markets · MORE Markets
Founders & leadership
Investors · 4
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Company profile
researched Aug 2026More Markets is a decentralized platform providing advanced trading features and support for multiple assets. Its MORE Optimizer v1 product is an automated looping strategy built for the Morpho lending protocol: it recycles idle liquidity between highly correlated asset pairs, such as wETH and wstETH, to raise the supply APY available to passive liquidity providers while steering market utilization toward an on-chain target.
The strategy's contract logic adjusts its leverage, expressed as a loop count, up or down in response to drift in market utilization, with the stated aim of boosting yields for lenders while keeping borrowing costs competitive for borrowers.
Business model
The platform operates as on-chain smart contracts that accept deposits from passive liquidity providers into an automated leveraged strategy that supplies liquidity to Morpho markets.
Latest developments
Three Sigma completed a rapid code audit of MORE Optimizer v1 dated 2024-12-02 ahead of the strategy's Morpho main-net deployment; after patching caller checks, swap-path validation and interest-accrual timing, the auditor described the contract as ready for deployment.
▸Full profile — technology, go-to-market, risks & controversies
Technology
The MORE Optimizer v1 contracts are written in Solidity and interact with the Morpho protocol, using flash-loan callbacks, token swaps and on-chain leverage management to build and unwind looped positions. Following a code audit, the flash-loan callback (onMoreFlashLoan()) enforces a strict caller check requiring msg.sender to equal the Morpho market address recorded at deployment; swap paths in redeem and withdraw are whitelisted to the canonical two-hop wstETH/wETH route; and markets.accrueInterest() is called at the start of every state-changing function (deposit, mint, _withdraw, redeem), with an internal _previewWithAccrued() helper so view functions reflect pending interest.
Go-to-market
Passive liquidity providers and lenders seeking boosted supply yields on correlated crypto assets, alongside borrowers in the same Morpho markets.
Risks & controversies
A three-day code audit by Three Sigma dated 2024-12-02 identified 3 high, 2 medium, 2 low and 6 informational issues plus critical vectors in MORE Optimizer v1, including a flash-loan callback callable by any account, which could have allowed collateral to be siphoned, and an unchecked swap path in redeem/withdraw that permitted re-entrancy tokens to inflate shares and drain funds. A further high-severity finding was that market interest was not accrued before share accounting, causing users to be under- or over-paid. The audit reported no published report, and all cited issues were resolved before main-net deployment.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filingsMoreMarkets and Firelight announced a partnership to enable institutional-grade rewards for XRP.
MoreMarkets announced plans to acquire Mizu Labs, expanding its institutional yield infrastructure across BTC, ETH and USD.
Three Sigma conducted a three-day Solidity code audit of MORE Optimizer v1 ahead of Morpho main-net deployment, reporting critical flash-loan callback and swap-path issues plus 3 high, 2 medium, 2 low and 6 informational findings, all subsequently resolved.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- More Marketsthreesigma.xyz · web
- MoreMarkets raised 13 M in a Strategic round...| Gate.comgate.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does More Markets do?
- More Markets is a decentralized trading platform building automated leveraged yield strategies on the Morpho lending protocol.
- Who founded More Markets?
- More Markets was founded by Altan Tutar.
- Who are More Markets's investors?
- More Markets's investors include AlphaLab Capital, Caladan, Electric Capital, Fabric Ventures.