MORPHO Reward Rate Reduction
Implement an immediate 30% MORPHO reward rate reduction across Ethereum and Base.
Additionally, set assets with denominations other than USD, ETH, or BTC to conform to the same r0 (and future multiplier modifications, whether specified in MIP 86 or in this proposal) as BTC assets.
Two weeks after the February 14 conclusion of the current MIP-86 reduction in ETH and BTC asset rates, apply a further reduction by moving to multipliers of 1/2 and 1/10.
Off-Chain Vote
For
2.85M MORPHO91.4%
Against
160.84K MORPHO5.1%
Abstain
109.39K MORPHO3.5%
Quorum:625%
Discussion
Timeline
Jan 27, 2025Proposal created
Jan 27, 2025Proposal vote started
Jan 30, 2025Proposal vote ended
Jan 30, 2025Proposal updated