A comprehensive strategy, from day zero—covering everything from token implementation to governance design, MORPHO liquidity, and Protocol-Owned Liquidity (POL)—can establish immutable, autonomous, resource-efficient mechanisms that minimize or even eliminate interventions.
Why insist on “minimal dependency/intervention”?
Unlike protocols like Aave, which deliver a complete end product but inevitably rely on dependencies, Morpho’s infrastructure can remain free of dependencies and frictions while maintaining autonomy and immutability—not only in its lending markets.
Morpho must avoid assumptions of trust and prevent, as far as possible, any future dependency. As prioritized by the protocol, immutability, autonomy, and decentralization should be starting points in any discussion about the MORPHO token. Creating dependencies introduces unnecessary and potentially permanent resource demands.
At the protocol level, Morpho has minimal (if any) points of intervention or failure, enabling this attribute to extend across all aspects of the DAO. Morpho should leverage this unique characteristic.
An analogy: designing a city
Let’s compare it to building a city. The “city” of Aave is responsible for maintaining its economy, politics, security, and education; any issues in these areas will require intervention from Aave. The “city” of Morpho, on the other hand, is purely public infrastructure. Morpho has laid the foundational structures upon which education, security, economy, and politics can rest but does not influence or impact them. Thus, the city of Morpho won’t require future intervention.
Why create dependencies in other areas if the core product doesn’t require them? Our approach is to keep Morpho (DAO, Token, Governance, Liquidity) autonomous, decentralized, immutable, intervention-free, and without potential failure points.
While there’s a chance we may be overlooking some aspects, we have considered a range of factors that lead us to believe this model is feasible.
This is the opinion of a mere ghost; and does not reflect the opinion of SEED.gov
Today, three key topics are under discussion:
1. Onchain Liquidity and POL
2. Technical Implementation of Onchain Governance
3. Framework and FE
We have shared our input on each topic as responses in their respective threads. Here, we outline our vision for how these should be addressed:
Onchain Liquidity and POL
- Discussion Threads:
Technical Implementation of Onchain Governance
- Discussion Thread:
Curator Onboarding
- Discussion Thread: