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closedEnded 2 years ago ยท Snapshot (Offchain)

MIP57 - Update rewards rate on wstETH markets

By 0x264c...Ec6b31

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.

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0
Votes 33
VoterCast PowerVote & Rationale
0x84D0...CBeba5
4M

Yes, accept the proposal

0x2b54...da1B42
2.5M

Yes, accept the proposal

0x408E...Fd5cff
706,372

Yes, accept the proposal

0x1170...847b33
500,000

Yes, accept the proposal

0x2817...E0A0a8
258,071

Yes, accept the proposal

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0
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Proposal Status
  • Tue May 14 2024, 09:35 amVoting Period Starts
  • Fri May 17 2024, 09:35 amEnd Voting Period
Current Results

1-Yes, accept the proposal

8.226M

2-No, do nothing

0.636

0%
Quorum 8.226M/500,000
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