diff --git a/.github/workflows/certora.yml b/.github/workflows/certora.yml
index 5251b302a..c1c5523cd 100644
--- a/.github/workflows/certora.yml
+++ b/.github/workflows/certora.yml
@@ -14,6 +14,9 @@ jobs:
     steps:
       - uses: actions/checkout@v3
 
+      - name: Install submodules
+        run: git submodule update --init --recursive
+
       - name: Install python
         uses: actions/setup-python@v4
         with:
@@ -44,4 +47,5 @@ jobs:
           - verifyBlue.sh
           - verifyBlueRatioMathSummary.sh
           - verifyBlueExitLiquidity.sh
+          - verifyBlueTransfer.sh
           - verifyReentrancy.sh
diff --git a/certora/dispatch/ERC20Bad.sol b/certora/dispatch/ERC20Bad.sol
new file mode 100644
index 000000000..96c8e5a48
--- /dev/null
+++ b/certora/dispatch/ERC20Bad.sol
@@ -0,0 +1,12 @@
+// SPDX-License-Identifier: UNLICENSED
+pragma solidity ^0.8.0;
+
+import {ERC20} from "openzeppelin-contracts/token/ERC20/ERC20.sol";
+
+contract ERC20Bad is ERC20 {
+    constructor(string memory name, string memory symbol) ERC20(name, symbol) {}
+
+    function _beforeTokenTransfer(address from, address to, uint256 amount) internal override {
+        _mint(to, amount);
+    }
+}
diff --git a/certora/dispatch/ERC20Good.sol b/certora/dispatch/ERC20Good.sol
new file mode 100644
index 000000000..38fcc8e6c
--- /dev/null
+++ b/certora/dispatch/ERC20Good.sol
@@ -0,0 +1,8 @@
+// SPDX-License-Identifier: UNLICENSED
+pragma solidity ^0.8.0;
+
+import {ERC20} from "openzeppelin-contracts/token/ERC20/ERC20.sol";
+
+contract ERC20Good is ERC20 {
+    constructor(string memory name, string memory symbol) ERC20(name, symbol) {}
+}
diff --git a/certora/dispatch/ERC20NoRevert.sol b/certora/dispatch/ERC20NoRevert.sol
new file mode 100644
index 000000000..ff93b0862
--- /dev/null
+++ b/certora/dispatch/ERC20NoRevert.sol
@@ -0,0 +1,55 @@
+// SPDX-License-Identifier: UNLICENSED
+pragma solidity ^0.8.0;
+
+contract ERC20NoRevert {
+    string public name;
+    string public symbol;
+    uint256 public decimals;
+    address owner;
+    mapping(address => uint256) public balanceOf;
+    mapping(address => mapping(address => uint256)) public allowed;
+
+    constructor(string memory _name, string memory _symbol, uint256 _decimals) {
+        name = _name;
+        symbol = _symbol;
+        decimals = _decimals;
+        owner = msg.sender;
+    }
+
+    modifier onlyOwner() {
+        require(msg.sender == owner);
+        _;
+    }
+
+    function _transfer(address _from, address _to, uint256 _amount) internal returns (bool) {
+        if (balanceOf[_from] < _amount) {
+            return false;
+        }
+        balanceOf[_from] -= _amount;
+        balanceOf[_to] += _amount;
+        return true;
+    }
+
+    function transfer(address _to, uint256 _amount) public returns (bool) {
+        return _transfer(msg.sender, _to, _amount);
+    }
+
+    function transferFrom(address _from, address _to, uint256 _amount) public returns (bool) {
+        allowed[_from][msg.sender] -= _amount;
+        return _transfer(_from, _to, _amount);
+    }
+
+    function approve(address _spender, uint256 _amount) public {
+        require(!((_amount != 0) && (allowed[msg.sender][_spender] != 0)));
+
+        allowed[msg.sender][_spender] = _amount;
+    }
+
+    function allowance(address _owner, address _spender) public view returns (uint256 remaining) {
+        return allowed[_owner][_spender];
+    }
+
+    function mint(address _receiver, uint256 _amount) public onlyOwner {
+        balanceOf[_receiver] += _amount;
+    }
+}
diff --git a/certora/dispatch/ERC20USDT.sol b/certora/dispatch/ERC20USDT.sol
new file mode 100644
index 000000000..a0400794d
--- /dev/null
+++ b/certora/dispatch/ERC20USDT.sol
@@ -0,0 +1,55 @@
+// SPDX-License-Identifier: UNLICENSED
+pragma solidity ^0.8.0;
+
+contract ERC20USDT {
+    uint256 public constant MAX_UINT = 2 ** 256 - 1;
+
+    string public name;
+    string public symbol;
+    uint256 public decimals;
+    address owner;
+    mapping(address => uint256) public balanceOf;
+    mapping(address => mapping(address => uint256)) public allowed;
+
+    constructor(string memory _name, string memory _symbol, uint256 _decimals) {
+        name = _name;
+        symbol = _symbol;
+        decimals = _decimals;
+        owner = msg.sender;
+    }
+
+    modifier onlyOwner() {
+        require(msg.sender == owner);
+        _;
+    }
+
+    function _transfer(address _from, address _to, uint256 _amount) public {
+        balanceOf[_from] -= _amount;
+        balanceOf[_to] += _amount;
+    }
+
+    function transfer(address _to, uint256 _amount) public {
+        _transfer(msg.sender, _to, _amount);
+    }
+
+    function transferFrom(address _from, address _to, uint256 _amount) public {
+        if (allowed[_from][msg.sender] < MAX_UINT) {
+            allowed[_from][msg.sender] -= _amount;
+        }
+        _transfer(_from, _to, _amount);
+    }
+
+    function approve(address _spender, uint256 _amount) public {
+        require(!((_amount != 0) && (allowed[msg.sender][_spender] != 0)));
+
+        allowed[msg.sender][_spender] = _amount;
+    }
+
+    function allowance(address _owner, address _spender) public view returns (uint256 remaining) {
+        return allowed[_owner][_spender];
+    }
+
+    function mint(address _receiver, uint256 _amount) public onlyOwner {
+        balanceOf[_receiver] += _amount;
+    }
+}
diff --git a/certora/harness/TransferHarness.sol b/certora/harness/TransferHarness.sol
new file mode 100644
index 000000000..e4f0d4f3c
--- /dev/null
+++ b/certora/harness/TransferHarness.sol
@@ -0,0 +1,26 @@
+// SPDX-License-Identifier: UNLICENSED
+pragma solidity ^0.8.0;
+
+import "../../src/libraries/SafeTransferLib.sol";
+import "../../src/interfaces/IERC20.sol";
+
+interface IERC20Extended is IERC20 {
+    function balanceOf(address) external view returns (uint256);
+    function totalSupply() external view returns (uint256);
+}
+
+contract TransferHarness {
+    using SafeTransferLib for IERC20;
+
+    function doTransfer(address token, address from, address to, uint256 value) public {
+        IERC20(token).safeTransferFrom(from, to, value);
+    }
+
+    function getBalance(address token, address user) public view returns (uint256) {
+        return IERC20Extended(token).balanceOf(user);
+    }
+
+    function getTotalSupply(address token) public view returns (uint256) {
+        return IERC20Extended(token).totalSupply();
+    }
+}
diff --git a/certora/scripts/verifyBlueTransfer.sh b/certora/scripts/verifyBlueTransfer.sh
new file mode 100755
index 000000000..7cddf3f51
--- /dev/null
+++ b/certora/scripts/verifyBlueTransfer.sh
@@ -0,0 +1,15 @@
+#!/bin/bash
+
+set -euxo pipefail
+
+certoraRun \
+    certora/harness/TransferHarness.sol \
+    certora/dispatch/ERC20Good.sol \
+    certora/dispatch/ERC20USDT.sol \
+    certora/dispatch/ERC20NoRevert.sol \
+    --verify TransferHarness:certora/specs/BlueTransfer.spec \
+    --packages openzeppelin-contracts=lib/openzeppelin-contracts/contracts \
+    --loop_iter 3 \
+    --optimistic_loop \
+    --msg "Morpho Transfer Summary" \
+    "$@"
diff --git a/certora/specs/BlueTransfer.spec b/certora/specs/BlueTransfer.spec
new file mode 100644
index 000000000..8c435e88d
--- /dev/null
+++ b/certora/specs/BlueTransfer.spec
@@ -0,0 +1,37 @@
+methods {
+    function doTransfer(address, address, address, uint256) external envfree;
+    function getBalance(address, address) external returns (uint256) envfree;
+    function getTotalSupply(address) external returns (uint256) envfree;
+
+    function _.transferFrom(address, address, uint256) external => DISPATCHER(true);
+    function _.balanceOf(address) external => DISPATCHER(true);
+    function _.totalSupply() external => DISPATCHER(true);
+}
+
+ghost mapping(address => mathint) myBalances
+{
+    init_state axiom (forall address token. myBalances[token] == 0);
+}
+
+function summarySafeTransferFrom(address token, address from, address to, uint256 amount) {
+    if (from == currentContract) {
+        myBalances[token] = require_uint256(myBalances[token] - amount);
+    }
+    if (to == currentContract) {
+        myBalances[token] = require_uint256(myBalances[token] + amount);
+    }
+}
+
+rule checkTransfer(address token, address from, address to, uint256 amount) {
+    require from == currentContract || to == currentContract;
+
+    require from != to => getBalance(token, from) + getBalance(token, to) <= to_mathint(getTotalSupply(token));
+
+    mathint initialBalance = getBalance(token, currentContract);
+    doTransfer(token, from, to, amount);
+    mathint finalBalance = getBalance(token, currentContract);
+
+    require myBalances[token] == initialBalance;
+    summarySafeTransferFrom(token, from, to, amount);
+    assert myBalances[token] == finalBalance;
+}