haberdash-props

New Proposal Update: Degen & Morpho Proposal

TLDR: Morpho Blue, a lending protocol, aims to increase DeFi utility for DEGEN by incentivizing degenUSDC deposits and depositing DEGEN in mDEGEN vaults. This proposal seeks to unlock more value and DeFi use cases for the DEGEN ecosystem.

Goal: Enhance the DeFi utility and use cases for DEGEN holders by:
- Incentivizing degenUSDC deposits to provide liquidity and earn rewards.
- Depositing DEGEN in mDEGEN vaults to earn yield and create a deep borrowing market.

Ask:
- degenUSDC vault deposit: 4M $DEGEN allocation over 3 months with a vault cap of $500k.
- mDEGEN vault deposit: 10M $DEGEN deposited in mDEGEN for 1 year, with the option to withdraw anytime.

Impact on Ecosystem Growth:
- Expands liquidity and DeFI integration of DEGEN across ecosystems.
- Increases utility, yield and attractiveness of DEGEN within the Base ecosystem.
- Exposes users to Morpho, a fast-growing permissionless lending market.
- Boosts community engagement and DEGEN earnings.

A crowdfunded DAO deploying funds to builders scaling the Base ecosystem 🤝
General updates: /degendao
Proposals: /haberdash-props
Voting: /haberdash-vote

Exciting to see Morpho Blue's proposal to enhance DeFi utility for DEGEN holders! By incentivizing degenUSDC deposits and mDEGEN vaults, this could unlock new value and use cases within the DEGEN ecosystem. A strategic move towards expanding liquidity and boosting community engagement. 🚀 