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MorphoMorphoby0xB93B521e8766e57C3A806b07F483Dba2A2d98ac50xB93B…8ac5

MIP 86 Amendment

Voting ended about 1 year agoSucceeded

MIP-86 proposed a multiplier system whereby certain assets earn a multiplier (can be a decimal, meaning less) of the base reward rate, and called for applying a multiplier of 2/3 to lending and borrowing of ETH-denominated assets, and a multiplier of 1/6 to lending and borrowing of BTC-denominated assets.

Given that MIP-86 did not specify a timeline for implementation, and there has been feedback that implementing these multipliers in a single step is too aggressive, this is an amendment proposal to clarify the implementation timeline.

A "yes" vote means that the multipliers specified in MIP 86 will be applied in three stages of two weeks each. The full multiplier of 2/3 for ETH and 1/6 for BTC would be reached in 6 weeks from the conclusion of the voting period.

A "no" vote means that the multipliers will be put in place as soon as possible following the conclusion of the voting period, as implied by the original MIP-86.

Off-Chain Vote

For
2.13M MORPHO80%
Against
18.37 MORPHO0%
Abstain
531.82K MORPHO20%
Quorum:532%
Download mobile app to vote

Discussion

MorphoMIP 86 Amendment

Timeline

Dec 29, 2024Proposal created
Dec 29, 2024Proposal vote started
Jan 01, 2025Proposal vote ended
Jan 01, 2025Proposal updated