# Monarch

## **Monarch: Direct Market Access**

Monarch is a user interface for direct interaction with Morpho Blue markets. It gives users complete control over their lending positions without intermediaries like vaults or risk curators.

### Market Discovery

By default, Monarch filters markets to show only quality options:

* Hides small markets with low liquidity
* Hides markets with unrecognized oracles or assets
* Shows only markets whitelisted by Morpho's official API

**Full Permissionless Access** In keeping with Morpho's permissionless spirit, Monarch won't block you from accessing any market. You can disable filters to view and interact with all markets at your own risk.

<figure><img src="https://3638484209-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8SQbvOjZEeRquUPDEZY8%2Fuploads%2FxTTG90L4tjtms2wve5Mj%2FScreenshot%202025-10-28%20at%2018.40.49.png?alt=media&#x26;token=012c32ae-3457-48a0-b4f7-55253df5f032" alt=""><figcaption><p>Customizable market view settings</p></figcaption></figure>

### Core Features

**Market Analysis**

* Detailed risk metrics and oracle breakdown
* Market activity and historical data
* Warning indicators for problematic setups
* Reward badges showing [Merkl campaign](https://app.merkl.xyz/) incentives

**Position Management**

* Direct market access without intermediaries
* Batch execution for efficient rebalancing
* Real-time PnL tracking across positions

#### **Risk Management**

Direct market access requires active risk management. Monarch provides analysis tools, but you make all decisions. You need to understand:

* Collateral quality evaluation
* Market parameters (LLTV, oracles)
* When to rebalance positions

In the following section, we'll introduce Monarch AutoVaults—an automated solution that maintains this direct access philosophy while handling position management for you.