Morpho co-founder and CEO Paul Frambot posted advocating for categorizing on-chain vaults into 'non-custodial' and 'discretionary': the former allows users to exit independently within a reasonable time frame even if the manager is attacked, goes missing, or acts maliciously, while the latter grants managers greater authority over asset allocation and strategy adjustments. Frambot classifies Morpho Vaults under the former, citing time locks, guardians, permission controls, physical redemption, and immutable contracts as the basis. Aave founder Stani Kulechov later countered, arguing that this classification standard is too broad and self-serving, suggesting that only vaults without managers and primarily operating based on preset rules are closer to being truly non-custodial. Lawyer Gabriel Shapiro, along with individuals from projects like Veda and Glider, also questioned this, stating that time locks, role permissions, and on-chain transparency are more about security mechanisms and do not eliminate the substantive control managers have over risk parameters and asset allocation. https://(wublock123.com)/news/news-68972