# MIP - Age 3 total distribution

**URL:** <https://forum.morpho.org/t/mip-age-3-total-distribution/201>\
**Category:** Rewards\
**Created:** [November 22, 2022, 3:35pm UTC](https://forum.morpho.org/t/mip-age-3-total-distribution/201 "2022-11-22T15:35:06Z")\
**Posts on this page:** 6\
**Page:** 1

<div class="post-metadata">

**Author:** ![MorphoAssociation](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.morpho.org/morphoassociation/32/249_2.png) [@MorphoAssociation](https://forum.morpho.org/u/MorphoAssociation)\
**Post date:** [November 22, 2022, 3:35pm UTC](https://forum.morpho.org/t/mip-age-3-total-distribution/201/1 "2022-11-22T15:35:06Z")

</div>

### Context

$MORPHO rewards are distributed to users following the [Ages and epochs](https://docs.morpho.xyz/usdmorpho/ages-and-epochs) systems introduced five months ago. For the third Age, the rewards would be distributed across Morpho-Compound and Morpho-Aave markets with a [gauges mechanism](https://forum.morpho.org/t/mip-introducing-morpho-gauges-for-age-3/169). We propose here a total distribution for this Age, which starts on December 29, 2022.

### Proposal

During Age 1, five million tokens have been distributed (0,5% of total supply), while ten million tokens are being distributed during Age 2 (1% of total supply). Through this time, the volume supplied on the protocol has grown from $0 to more than $300M, allowing more and more users to enjoy improved rates thanks to P2P matching. This rapid growth has continued and even strengthened over the past month, despite the difficulties faced by the crypto ecosystem.

For Age 3 (29/12/22 to 07/04/2023), **we propose to distribute 10M of $MORPHO tokens (1% of total supply), with a constant distribution across all three epochs**. The allotment between Morpho-Compound and Morpho-Aave would follow from gauges votes (if the coming governance vote passes).

This rewards setting should continue to catalyze the growth of the protocol without its use becoming dependent on rewards, but always on the better rates that users experience thanks to Morpho.

### Next Steps

After discussions with the community, we will push a vote on snapshot.

---

<div class="post-metadata">

**Author:** ![Aso](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.morpho.org/aso/32/53_2.png) [@Aso](https://forum.morpho.org/u/Aso)\
**Post date:** [November 23, 2022, 9:39pm UTC](https://forum.morpho.org/t/mip-age-3-total-distribution/201/2 "2022-11-23T21:39:23Z")

</div>

lovely, continue your work good job 💫

---

<div class="post-metadata">

**Author:** ![MathisGD](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.morpho.org/mathisgd/32/167_2.png) [@MathisGD](https://forum.morpho.org/u/MathisGD)\
**Post date:** [December 1, 2022, 1:37am UTC](https://forum.morpho.org/t/mip-age-3-total-distribution/201/3 "2022-12-01T01:37:02Z")

</div>

Votes are open until Dec 4 ([link](https://snapshot.org/#/morpho.eth/proposal/0x051a622bf3e9e340718d73483a7ff5d8c3d5ce12f8e7093eb06d5e94adfc39f2)) !

---

<div class="post-metadata">

**Author:** ![MathisGD](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.morpho.org/mathisgd/32/167_2.png) [@MathisGD](https://forum.morpho.org/u/MathisGD)\
**Post date:** [December 5, 2022, 2:12pm UTC](https://forum.morpho.org/t/mip-age-3-total-distribution/201/4 "2022-12-05T14:12:30Z")

</div>

The [vote](https://snapshot.org/#/morpho.eth/proposal/0x051a622bf3e9e340718d73483a7ff5d8c3d5ce12f8e7093eb06d5e94adfc39f2) passed ! 10M $MORPHO will be distributed between December 29, 2022 and April 04, 2023, following the gauges distribution of each epoch.

---

<div class="post-metadata">

**Author:** ![MorphoAssociation](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.morpho.org/morphoassociation/32/249_2.png) [@MorphoAssociation](https://forum.morpho.org/u/MorphoAssociation)\
**Post date:** [December 30, 2022, 9:06am UTC](https://forum.morpho.org/t/mip-age-3-total-distribution/201/5 "2022-12-30T09:06:01Z")

</div>

The [gauges vote](https://snapshot.org/#/morpho.eth/proposal/0xf402161143c42ac5edf6589b7833eb760cbe556e18451a232e6be3d34d06f287) ended ! The 3 333 333 $MORPHO of the first epoch of Age 3 will be distributed with the following distribution:

| Market | Percentage |
| --- | --- |
| aWETH | 35.96% |
| aUSDT | 15.81% |
| aUSDC | 13.59% |
| aWBTC | 7.53% |
| aSTETH | 6.99% |
| cUSDT | 5.52% |
| cUSDC | 4.56% |
| cDAI | 3.09% |
| aDAI | 2.88% |
| cETH | 2.05% |
| cWBTC | 1.43% |
| aCRV | 0.43% |
| cCOMP | 0.1% |
| cUNI | 0.07% |

---

<div class="post-metadata">

**Author:** ![MathisGD](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.morpho.org/mathisgd/32/167_2.png) [@MathisGD](https://forum.morpho.org/u/MathisGD)\
**Post date:** [January 23, 2023, 9:37pm UTC](https://forum.morpho.org/t/mip-age-3-total-distribution/201/6 "2023-01-23T21:37:41Z")

</div>

Gauges for Age3-Epoch2 are live [on Snapshot](https://snapshot.org/#/gauges.morpho.eth/proposal/0xa33106ba7eacd9ed97f1a5a5da6b5a9e7bec0085b0472ea0e8222c226c7acdca) ! It is taking place in in the new subspace _gauges.morpho.eth_ created after [MIP8 - Governance & Snapshot Update #2](https://forum.morpho.org/t/mip-governance-snapshot-update-2/241). Note that it may be necessary to delegate again to your delegates in this subspace.
