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MorphoMorphoby0x264c86DBbD2E4165FbBf0C35b0ddf0e00AEc6b310x264c…6b31

MIP62 - Update rewards rate on wstETH markets

Voting ended almost 2 years agoSucceeded

We propose to update the rewards rates on wstETH / WETH markets, adapting to the migration of MetaMorpho vaults liquidity to markets with exchange rate oracle:

  • wstETH/WETH (94.5%, Morpho ChainlinkOracle): 4 666.66 MORPHO / day + 0.255 wstETH / day from Lido
  • wstETH/WETH (94.5%, Morpho ChainlinkOracleV2 Exchange Rate): 2 022.22 MORPHO / day + 0.1105 wstETH / day from Lido
  • wstETH/WETH (96.5%, Morpho ChainlinkOracleV2 Exchange Rate): 1 088.88 MORPHO / day + 0.0595 wstETH / day from Lido

The wstETH/USDC (86%, Morpho ChainlinkOracle) market would continue to receive 7 777.78 MORPHO / day + 0.425 wstETH / day from Lido

Off-Chain Vote

Yes, accept the proposal
7.09M MORPHO100%
No, do nothing
103.01 MORPHO0%
Quorum:1418%
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Discussion

MorphoMIP62 - Update rewards rate on wstETH markets

Timeline

May 27, 2024Proposal created
May 27, 2024Proposal vote started
May 30, 2024Proposal vote ended
May 30, 2024Proposal updated