I dislike their token distribution: 19% goes to investors, 15% to founders, 6% to advisors, and 8% to their Labs. I find this distribution to be quite unfavorable, as their team holds 48% in total. Why should founders receive 15% of the total supply? It seems to be an excessively large portion. MORPHO, the Morpho Protocol's governance token, allows the team to easily change everything through DAO, as they hold a significant portion of the tokens. This could potentially lead to manipulation of the DAO treasury or curation of the list of listed markets. I believe this distribution is unsuitable for a lending protocol, as it could lead to high centralization. Moreover, many of their features seem to be replicas of those from Curve or Aave. I would give them at least 3 stars for implementing a 24-hour timelock on proposals. Show Less