Standard Funds

What a Standard Fund is

A Standard Fund is a Morpho V2 vault without LayerCover's tranching wrapper. The curator nominates an underlying asset, configures adapters + caps, and deposits are represented as a single fungible share token. Every depositor in that vault shares the same return stream and the same loss exposure.

The vault operates identically to a standard Morpho V2 vault. LayerCover provides the infrastructure around it, including a curator console for managing cross-protocol allocation strategies, and a marketplace where depositors can discover and access curated funds.

• Learn more about Morpho V2 vaults ↗
• Deploy and manage your vault on the curator console ↗

Why a curator would launch one

• Simpler ops — one share token, one set of holders, no tranche accounting. Fewer moving parts to monitor.
• Faster bootstrapping — Standard Funds don't need to bootstrap a junior tranche to come online.

What stays the same as a Tranched Fund

The curator dashboard surface is shared:

• Roles — Owner / Curator / Allocator / Sentinel are identical concepts and timelocked the same way.
• Adapters — same approve / register flow, same registry of approved underlying integrations (Morpho Blue, Euler V2, RWA adapters, …).
• Caps — adapter, collateral, and market caps work identically. Increase is curator-timelocked; decrease is sentinel-immediate.
• Allocation — allocate / deallocate move idle liquidity into adapter slots.
• Timelocks — per-selector timelocks gate the same curator surface.
• Emergency unwinds — Close Deposits, Hard Market Removal, Safe Market Removal, Sentinel Lockdown, Allocator Compromised are all available.

Learn more

• Tranched Funds — the tranched extension on top of the same underlying strategy.
• Terminology — vocabulary used across Standard + Tranched funds.
• Security — what LayerCover's curator dashboard does and doesn't gate against.
• FAQ — common questions about curating on LayerCover.