Cofounder @morpho - wizard making finance a public good

Co-founder & CEO at @morpho labs. Making financial infrastructure a public good.

@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)

Values-Aligned Communities | citizen of Black Rock City

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

Seems like @albist is handling this haha https://warpcast.com/albist/0xa50caae9