MIP57 - Update rewards rate on wstETH markets
We propose to update the rewards rates on wstETH / WETH markets to help the migration of liquidity to markets with exchange rate oracle:
- wstETH/WETH (94.5%, Morpho ChainlinkOracle): 5,444.44 MORPHO / day + 0,2975 wstETH / day from Lido
- wstETH/WETH (94.5%, Morpho ChainlinkOracleV2 Exchange Rate): 1,555.55 MORPHO / day + 0,085 wstETH / day from Lido
- wstETH/WETH (96.5%, Morpho ChainlinkOracleV2 Exchange Rate): 777.78 MORPHO / day + 0,0425 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
NB: distribution of incentives by the MORPHO DAO does not signify endorsement of market risks.
Off-Chain Vote
Yes, accept the proposal
8.23M MORPHO100%
No, do nothing
0.64 MORPHO0%
Quorum:1645%
Timeline
May 14, 2024Proposal created
May 14, 2024Proposal vote started
May 17, 2024Proposal vote ended
May 17, 2024Proposal updated