Hello Morpheans!
Let’s kick off this Digest with some impressive stats that showcase the tremendous progress the Morpheus community has achieved over the past 7 months (as of October 2nd, 2024):
Total stETH Deposited: 314,305 stETH
Total Value Locked: 67,045 stETH
Yield Generated for PoL: 1,915 stETH
Total PoL Value: $4,301,899
MOR in PoL: 113,900 MOR
wETH in PoL: 791.43 wETH
Locked and Burned MOR: 30,946 MOR
These numbers speak volumes, but September brought even more exciting developments.
Let’s dive into them!
Morpheus Proposals
Two important proposals were introduced in September, and one has already been implemented.
MRC 45: Referral Bonus for Capital Providers
This proposal introduces a referral system to reward both referrers and new capital providers.
Create a referral address and share it.
Earn a 1% bonus for anyone using your referral to deposit stETH.
Referral rewards for referrers can be as high as 5%, depending on the tier.
Deployment is expected in October.
Read more here: MRC 45.
MRC 46: Lock MOR Claims for 90 Days
To address short-term farming, this proposal introduces a 90-day claim lock on MOR rewards for capital contributors.
Although stETH remains liquid, MOR earned will be locked for 90 days from the time of each deposit or claim.
Learn more: MRC 46.
As always, every adjustment to the contract is audited and publicly available: Audit Report.
Morpheus Builders
While awaiting security audit results, the Builders Contract has been deployed on Arbitrum Sepolia and is ready for testing!
A detailed guide will help you navigate Builder Pools, MOR deposits, and reward claims.
Check out the guide: Builders Contract Guide.
MORagents
MORAgents version 0.1 was showcased during the DeAI Summit in Singapore.
This demo demonstrated how easy it is to build and deploy Smart Agents.
Explore the features on GitHub.
Compute Update
Morpheus testnet iterations have been progressing well over the past 2.5 months. While delays were experienced due to the massive success of Venice.ai, the Lumerin team are now testing how the Morpheus Node infrastructure scales in terms of compute throughput and chat context storage.
The mainnet launch is expected in 6-8 weeks, focusing on decentralization and security. Additionally, a new payment system is in development, allowing users to spend MOR directly for compute resources.
For more details, check the full update on Discord.
Base Liquidity
As part of executing MRC43, liquidity has been seeded for the MOR/ETH trading pair on Base via Uniswap.
You can explore the trading pair here: Uniswap MOR/ETH on Base.
To bridge MOR from Arbitrum to Base, community members are encouraged to use MORlord.
Community Tools
The Morpheus community continues to develop useful tools.
MOR Explorer
The first version of the MOR Explorer Dashboard has been built by the Niirmaan team.
Explore and provide feedback: MOR Explorer.
Morpheus Infobot Upgrade
MOR rewards staking data has been added to the Infobot! You can easily get essential information on the Morpheus ecosystem directly through Discord or Telegram.
Try it out on Discord: Info Bot or Telegram: Morpheus AI Bot.
AMAs
Stay updated with audio sessions covering all aspects of Morpheus:
Media
The founding members of Morpheus, alongside seven other entities, have launched the Decentralized AI Society (DAIS) to fight monopolization in the AI industry.
Read the full coverage: Coindesk Article.
Two exciting ManifestAIs Spaces:
Community Projects
Venice Product Update
Venice continues to innovate:
Hermes 3 8B and Dolphin 72B models are now available.
New features include image upscaling and downloading.
API is coming soon!
Nounspace Fair Launch Token Claim
The liquidity bootstrapping phase for Nounspace, the first MOR20 fair launch project, has concluded. The $SPACE token is now available for claiming on the Base chain and can be traded on Aerodrome and Uniswap.
As a MOR20 project, a portion of the yield (35 basis points) that flows into Nounspace’s Protocol Owned Liquidity is redirected to Morpheus Protocol Owned Liquidity each time yield is claimed.
Community Events
DeAI Summit Singapore
A celebration of open-source AI development, with exciting discussions and connections among AI enthusiasts, developers, and innovators.
DeAI Chicago Meetup
Organized by @BlackFlagBroker, this event is a great opportunity to discuss the latest trends in decentralized AI and Morpheus’ progress in creating a peer-to-peer network for Smart Agents
