Brenner
@brenner.eth
@paulframbot @merlinegalite looking into depositing into some Morpho vaults and am trying to understand the $morpho reward schedule / parameters for them. I looked through the docs (https://docs.morpho.org/rewards/overview) and the UI of a given market, but can't find anything besides the current APY in rewards. Where can I learn more about the reward schedule / parameters? (ie, if the vault curator can change them at will, if there's a max amount of tokens they've allocated to the vault to use as rewards, etc). What I'm trying to understand is, if I deposit into a vault, is there anything that could make the reward APY go down (*besides* more people adding to the vault, or the reward token price going down)
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Merlin Egalite
@merlinegalite
Seems like @albist is handling this haha https://warpcast.com/albist/0xa50caae9
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Paul Frambot 🦋
@paulframbot
gm, will send over morpho squad to help you out!
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albist
@albist
gm! Rewards earned on the Morpho protocol have two main parts: - MORPHO rewards > Voted by the Morpho DAO, no end date for now and following a uniform rewards model (https://forum.morpho.org/t/mip65-new-scalable-rewards-model/617). - Rewards programs > Third parties can create rewards programs to incentivize Morpho markets or Morpho Vaults. This rewards programs are time limited (e.g. rewards X tokens for suppliers of market Y during 14 days) For both of the above, you can see them in the Net APY breakdown of a Vault, and also more details on the specific Morpho Rewards App (https://rewards-app.morpho.org/). The curators are not the ones distributing rewards or deciding it, they can not change rewards at will. Rewards earned by Vault's suppliers are the result of the Vault allocation % in the underlying market so this can have an impact on rewards program (i.e. a Vault stops supplying into a market that has USDC rewards, Vault's suppliers will stop receiving USDC rewards). more in the next message
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Payment Bot
@paybot
@brenner.eth, you just received 15 DEGEN from @jozefostefano!
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