I have only just discovered Morpho and have been very pleasantly surprised about the amount of progressthat has been made in the area since I last looked into it some time ago.
I will work my way through all the docs etc but from my initial scan I couldn’t find anything about a borrowing variable interest rate for non-profit orgs (or for other reasons) and whether that is even possible with the current architecture.
My NP is a registered charity with the Australian Charities and Not-for-profits Commission (ACNC) and is endorsed as a Deductible Gift Recipient (DGR) with the Australian Tax Office (ATO) from 23 February 2018. I never want to sell our BTC but want to be able to leverage it to pay for our brain research project.
Secondarily to the interest rate question, I intend to get actively involved because it seems like Morpho is what I have been waiting for (for a while now!) - [is|are] there [a] person[s] here who could give me advice on setting up the BioMed Research Project as a DAO (in Australia)?
Hello,
There is currently no borrowing variable interest rate for non-profit orgs.
Morpho markets use an Interest Rate Model (IRM) set at market creation, this IRM is immutable. You can read more about it in the documentation here: Interest Rate Models | Morpho
About this:
[is|are] there [a] person[s] here who could give me advice on setting up the BioMed Research Project as a DAO (in Australia)?
I would advise to get in touch with professional in this topic.
The Morpho DAO forum is solely dedicated to Morpho DAO governance topic and shouldn’t be used for topic unrelated to Morpho.
You can also join the Morpho discord server if you have more question about the protocol to leave the forum space dedicated to governance topic: https://discord.morpho.org/
OK - many thanks for the quick response! I just read through that and it makes general sense - I will have to play around with the formulae more to get a better grip but the little video is nice!
At one stage some time ago, I thought of setting up something like Morpho for NP orgs like ours but where the interest on loans was only 1 or 2% - ie only just enough to cover running costs - my purpose being to help fund BioMedical RnD from long-term “donations” by supporters. I suppose it would possible to fork Morpho and change the AdaptiveCurveIRM and then run the thing as a separate exercise - but that would be quite a large undertaking . .
Morpho is licensed under a dual license (BUSL-1.1 and GPLv2) which you can find here.
In practice, at the moment it is not possible/legal to fork Morpho.