Inviting the Morpho Community to Discuss Transferability

Hi @MorphoAssociation : my two cents:

  • yes, it is time to have MORPHO token transferable, but only if by holding it, you can get a revenue. I propose to have the same model than JLP token (from Jupiter aggregator on Soalan): all fees from the protocol are used to buy back the token on the market increasing therefore its value. The advantage of doing so is that you avoid tax issues related to staking and you do not need to stake the token (just holding it in your wallet is enough).
  • you need a clear strategy to provide liquidity on Uni v3 for the morpho token in a USDC-MORPHO pool and a ETH-MORPHO pool. Providing liquidity in a Uni v3 pool is equivalent to having a position with an option payoff. Please DM me if you want to talk about that in details, I can help you guys designing a strategy to provide liquidity on Uni V3 where you can then harvest MORPHO tokens and USDC/ETH tokens by minimizing impermanent loss.
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