MIP 116 - Unichain Rewards Extension

Summary

Authorize up to 135k MORPHO tokens for further rewards on Unichain.

Context

The current rewards campaign on Unichain will end on Monday at 3PM CET. This is a proposal to allocate up to 135k MORPHO tokens in further incentives on Unichain, to facilitate a more gradual tapering of rewards rates.

Proposal Detail

The full budget of 135k MORPHO tokens will not necessarily be spent, but is a total allocation which will allow the Morpho Association to respond to market conditions and external grant opportunities such as the recent CFM campaign which in which Morpho won a $100k grant.

If the proposal is approved by the DAO, the Morpho Association will set an initial rewards rate with further changes governed by the Optimistic Rewards Framework v1.1.