MIP72 - Lower MORPHO rewards for borrowing WETH on BASE
The Morpho Association suggests lowering the reward for borrowing WETH on BASE to 1/10th of $r^S$. WETH is used for leverage, and rewarding the borrowing side too much risks shifting the native APY so that some looping strategies may become unprofitable without rewards, which would hinder the natural growth of the market.
Off-Chain Vote
Yes, accept the proposal
3.73M MORPHO100%
No, do nothing
0 MORPHO0%
Quorum:746%
Timeline
Jul 29, 2024Proposal created
Jul 29, 2024Proposal vote started
Aug 01, 2024Proposal vote ended
Aug 01, 2024Proposal updated