I usually try to stay uninvolved from those "this is bad, use our product" talks regardless of who's standing on both ends since I believe it's are net-negative for the industry, but here I'd like to make a few friendly technical corrections: 1. "Liquidity is not isolated." - If utilization in a low-risk market rises, lenders are earning high APY (30%+ last week) by lending to ETH and BTC (until new depositors come to collect this yield, so you can withdraw if you wish), so I can't really take that as a serious argument. 2. "Can't raise interest rates." - Adding to the above (rates will rise if utilization spikes above kink based on current IRM), but let's assume you'd want to alter the IRM urgently, considering IRM is a market parameter in the form of an address, technically, it can be upgraded despite market immutability. Although, afaik it'd need to be pre-whitelisted by the DAO (not sure if this is necessary tho). 3. "Can't update oracles." - Another address parameter (I hope we're all aware of this), so again, doable. This time no whitelisting is needed. For (2) and (3), the question remains, however, who should be the party that can upgrade IRM and oracle, which is relevant from the perspective of the market being (re)used by multiple curators. Yappa-yappa if you ask me - In Morpho curators+users need to "trust" this party, in Aave it's *only* users since no other "curator". 4. "Can't alter risk parameters to limit collateral exposure." - Caps, inflows, outflows, are configurable on the curator level. Now while I agree those parameters are easier and quicker to adjust in Aave I would propose refraining from stating what is obviously not true (for the sake of... well, basically anything), since this is all technically feasible on Morpho, but not really an "operational" state of the protocol at the moment (fyi upgradable oracles are actually already in use on some markets). Next time, I'd suggest focusing on the inability to freeze withdrawals when FUDing Morpho infra as that's technically impossible. Aave can do that via Guardian msig afaik.