MIP 99 - Phase 2: Frontend for Compound <> Morpho <> Polygon Collaboration

This is the proposal to disburse a second grant to Paperclip Labs totaling $100k for further work on the open source frontend for Morpho that is currently in use by Compound for their Morpho vaults on Polygon. The scope includes $80k for the development of migration tools for users to move positions from Aave to Morpho, as well as streamlined opening and closing of leveraged positions. It also includes $20k to offset the difference between the Phase 1 grant's requested budget and the value received, which was impacted by disbursement delays following the Bybit exploit.

If approved, the value to be disbursed will be calculated using a 7 day TWAP concluding on the day the disbursement transaction is submitted onchain.