You need to deposit stETH into the Morpheus contract.
Ethereum mainnet
Please visit #verified-links channel in the Morpheus Discord server
stETH is a yield generating token that represents an Ethereum token that is staked in Lido.
stETH can either be minted directly through the Lido or bought on exchanges.
Protocol utilizes generated by stETH yield to create Protocol owned Liquidity.
Half of the yield is used to buy back MOR from the open market, combine it with the remaining wETH, and add it to the liquidity pool.
It’s not converted into MOR, protocol takes only yield generated. You can get back the full amount of stETH you deposited after 7 days of the initial lockup.
No, there is no impermanent loss risk, you withdraw the same amount you deposited.
The minimum deposit amount is 0.01 stETH and there is no maximum contribution limit.
Yes, you do, since the claim transaction is generated on the Ethereum blockchain, and the MOR rewards will be received on the Arbitrum chain.
After confirming the claim transaction, you will receive your tokens within a few minutes.
It is not locked. You are free to withdraw any time after the 7 days initial lock-up period.
This measure was introduced in order to avoid people gaming the yield timing as protocol in fact rewards in advance from the moment you deposit, when yield is generated once a day.
There is no cut off date. Emissions are a built-in feature of the protocol and will continue for at least 16 years of the first epoch.
It’s completely up to you. You can deposit for days, weeks, months or years. While your stETH deposited and contributes yield, it earns you MOR rewards.
24% of MOR emissions are designated for Capital providers and divided proportionally to a user share in the total deposited stETH pool. For example, if your capital contribution equals to 1% of the total stETH pool, you’ll be getting 3400*0.01= 34 MOR daily.
- Vsit https://dashboard.mor.org and switch to Ethereum mainnet.
- Connect a wallet you used for stETH deposit.
- Check MOR claimable amount and click "Claim MOR" button.
- Input address you want to get MOR tokens on the Arbitrum chain.
- Sign the transaction.
No, there are no limitations.
You can see them at https://dashboard.mor.org/#/ when connecting your depositing wallet.
It is a dynamic value that depends on the ratio of your contribution to the total amount of deposited stETH.
You can check it at one of the community websites:
There are no limitations, you can claim any amount.
The MOR token is accrued with every Ethereum block, meaning you can claim every 12 seconds, (after May 8th) but each time you make a “Claim” transaction will need to pay a fee.
No, you don’t, but you will not earn rewards any longer as you are not the Capital Provider anymore.
Yes, both the community and a dedicated auditor have reviewed the Smart Contracts, see the reports on GitHub.
There are 4 of 7 multisig managed by community trusted open source contributors.
The multisig address is MOR.ETH
Details about multisignature account are here.
There are always risks with smart contracts like bugs or vulnerabilities. To ensure a high level of security, the contracts have undergone multiple levels of audits, including community audit, cybersecurity company audit, as well as a public bug bounty campaign. Security reports are publicly available on GitHub. That's also why the Protection Fund 4% of emissions exists.
The community is always ready to provide support. Please describe your issue in the Discord support channel
If you did not find the answer to your question, you can add it through this form.
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