Audited & formally verified.
LayerCover safeguards depositors' capital on top of one of DeFi's most battle-tested lending stacks. We hold the codebase to the bar we'd want for a system trusted with our own savings.
The senior / junior wrapper, share-price math, notice mechanics, and protection waterfall. Built by LayerCover.
The underlying ERC-4626 vault, allocator engine, and per-market accounting that the tranche contracts wrap. This is Morpho's code — battle-tested in production and independently audited by Spearbit, ChainSecurity, OpenZeppelin, and others. See Morpho's audit history for the full list.
Security issues should be reported privately. Reach out to tim@layercover.com for the disclosure address.