Summary
Authorize up to 400K MORPHO tokens for further rewards on Arbitrum.
Context
The current rewards campaign on Arbitrum One will end on Wednesday at 17:00 UTC. This is a proposal to allocate up to 400K MORPHO tokens in further incentives on Arbitrum to drive growth to the protocol alongside the Arbitrum Foundation and Entropy Advisors’ efforts in Arbitrum’s DRIP campaign. Morpho has grown total deposits ~$300m in the four weeks since the DRIP campaign began, and this additional budget will support continued growth through the duration of the campaign.
Proposal Detail
The full budget of 400K MORPHO tokens will not necessarily be spent, but is a total allocation which will allow the Morpho Association to support DRIP campaign growth in alignment with the Arbitrum Foundation.
If the proposal is approved by the DAO, the Morpho Association continue to manage the rewards rate under the Optimistic Rewards Framework v1.1