Morpho

Proposal I propose that the Morpho DAO make the MORPHO token transferable and ensure that MORPHO rewards distributed on Base are claimable at a similar time.

Steps to Enable Transferability Based on the above, I propose the Morpho DAO proceed with enabling transferability by following these steps:

1. Prepare for transferability on Base:

   a. Deploy the new version of the MORPHO token on Base using this factory: https://basescan.org/address/0xF10122D428B4bc8A9d050D06a2037259b4c4B83B#code 24See this discussion for the difference between new and legacy versions of the MORPHO token: https://snapshot.org/#/morpho.eth/proposal/0x53c5f01dac396b97650f37fccfa0910457b27a1fc06c5ec5d54ee0e6e5408180 40 b. Whitelist the wrapper contract to transfer the legacy nontransferable MORPHO token. c. Wrap 2,500,000 MORPHO tokens and bridge them to the DAO multi-sig on Base. d. Prepare payload to submit the root to the universal rewards distributor (URD) and transfer new wrapped MORPHO tokens from the DAO multi-sig on Base to the URD.

2. Enable transferability:

   a. Set the transfer and transferFrom public function as true on Ethereum and remove the role 0.

3. Make MORPHO claimable on Base:

   a. Execute payload to submit root to the URD and transfer new wrapped MORPHO tokens from the DAO multi-sig on Base to the URD, allowing users to claim MORPHO rewards.