SEEDGov Delegate Platform

Governance Delegation
1

Delegate Platform

Name: @SEEDGov

Wallet Address:

  • Address: 0x11eDb68E963B8b7AE131a5FAB775cb70b9bE6d47

RRSS:

  • Twitter:
    • SeedGov
    • SEEDLatam: x(dot)com/SEEDLatam
    • SEEDOrg: x(dot)com/SEEDOrg_
    • Website: seedgov(dot)org
  • Telegram: @seed_latam

Introduction

SEEDGov shares Morpho’s vision of making financial infrastructure a public good, which aligns our participation with the objectives of the protocol. Based on the eligibility criteria, SEEDGov aligns most closely with the Prior Experience in Decentralized Governance group. Our approach to governance is always long-term, aimed at supporting the protocol success, with the DAO serving as a key enabler alongside stakeholders.

The key objectives of this delegation are:

  • Contributing to Morpho’s growth and mission
  • Supporting the development of governance and protocol decentralization from a critical perspective
  • Keeping the protocol safe as our priority; we will not support any proposal that could potentially affect the security of the protocol and, therefore, the users.

What is SEEDGov?

SEEDGov is a dynamic and evolving vertical within the SEED Org Ecosystem, focused on shaping the future of decentralized governance in Web3 through active participation, community engagement and experimentation. Our approach emphasizes for minimising governance where appropriate and professionalizing it where necessary.

As an active delegate platform, SEEDGov engages in governance across multiple projects. With roots in community values, we’ve evolved from education-based initiatives to a participatory approach that drives collaboration, coordination, and decision-making in the ever-changing Web3 landscape.

Our work embrace various protocols, from AMMs to Layer 2, where we design and implement governance infrastructures, manage grants and allocation programs, oversee incentives and onboard the right builders to meet each protocol needs. Seed’s diverse and multidisciplinary team brings the right flexibility and adaptability to strengthen the resilience of MorphoDAO.

MorphoDAO <> SEEDGov

From the outset, SEEDGov has made DeFi a core focus. Morpho’s innovative approach to the lending market motivate us to support both the protocol mission and the broader Morpho ecosystem. By leveraging our previous experience, we aim to make a meaningful impact within the DAO.

Aligned with Morpho’s vision of turning financial infrastructure a public good, SeedGov is deeply committed to evolve decentralized governance through innovative approaches.

Focus Area:

  • Governance Support: Strengthen governance processes to promote broad participation while maintaining high standards of expertise.
  • Community-Driven Growth: Actively engage the Morpho community to drive sustainable ecosystem growth.
  • Security: Ensure that DAO decisions prioritise protocol security and safeguard users.
  • Innovation & Research: Support improvements to the Morpho Stack and pursue research initiatives to advance decentralized finance.

Our work on a lending protocol: Sky

Sovereign Finance AVC - Maker DAO

Conflict of Interest

SEEDGov operates globally with multiple team members actively involved in governance systems such as Arbitrum, Optimism, Uniswap and Gnosis, among others. It is worth clarifying that our team members are specifically aligned with the protocol in which they contribute.
Should any conflict of interest arises, it will be transparently communicated in this thread.

7 Likes
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MIP80: Approve Review of Contributor Grants and Establish Formal Process
Vote: In favor
Rationale: We support allocating grants for contributions from 2022-2023 and establishing an annual review process for future funding. This structured approach improves transparency and aligns with robust governance practices.

MIP81: Morpho Grants Pilot Program
Vote: In Favor
Rationale: This pilot program offers a valuable opportunity to test and refine the grants system. We support limiting the grants in this cycle to those with clear impact metrics, ensuring effective resource allocation while the program matures.

MIP82: Increase MORPHO Reward Rate on Base
Vote: In Favor
Rationale: Base DeFi users have demonstrated strong interest in Morpho, as reflected in recent TVL growth. Increasing reward rates by 30% will enhance user incentives and encourage further adoption, while providing time to develop a more precise rewards framework.

MIP83: Berachain Morpho License
Vote: In Favor
Rationale: Supporting this proposal positions Morpho as a foundational infrastructure for Bend, opening the door for other projects to explore licensing opportunities. The included grant further benefits MorphoDAO and highlights its strategic role in DeFi innovation.

MIP84: Optimisers Deprecation Phase 3
Vote: In Favor
Rationale: This proposal completes the planned deprecation of supplies and borrows on optimisers, effective December 20. We support the approach of maintaining existing positions without disruption, while encouraging their closure, in alignment with the outlined roadmap.

2 Likes
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Proposal: MIP 88 - Oku Crosschain Deployment Support

Vote: Abstain

Rationale: The proposal lays out an exciting opportunity, but it lacks detail on how the requested budget and strategy will translate into lasting value for the DAO. A more detailed plan, with clearer metrics and milestones, would make it easier to assess its potential impact.

Proposal: MIP 87 - Crosschain Deployments Framework

Vote: In Favor

Proposal: As mentioned in our comment:

This proposal aligns well with Morpho’s mission, and we’re looking forward to seeing how it evolves as the development moves forward.

Proposal: MIP 86 - MORPHO Reward Rate Changes

Vote: In Favor

Rationale: Supporting this proposal is a smart move to make MORPHO rewards more sustainable while keeping them competitive. Reducing excessive emissions helps ensure the DAO’s long-term health and avoids unhealthy TVL farming. The gradual rollout of multipliers is a thoughtful adjustment, giving users time to adapt smoothly.

Proposal: MIP 85 - Whitelist Aerodrome in Aera Vault Strategy

Vote: Abstain

Rationale: The proposal outlines potential benefits of supporting Aerodrome, but it’s unclear how the trading volume translates to sustainable value for liquidity providers. Without more information on this, it’s difficult to fully assess its impact on the DAO.

1 Like
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MIP 89 - Morpho Olympics v1.1
Vote: Abstain
Rationale: The Morpho Olympics has successfully encouraged diverse curator participation, but replacing the multi-tier structure with a flat 1% threshold could reduce engagement from smaller curators.
Limiting eligibility to Base and Ethereum makes sense for now, but evaluating the proposal’s performance and considering expansion should remain an option.

MIP 90 - Spark USDC Deposit Rewards
Vote: In favor
Rationale: The Coinbase integration is a net positive for adoption, TVL, and volume, making deep liquidity critical to its success. Supporting Spark USDC deposits with a 50% MORPHO reward rate aligns with this goal and ensures Morpho actively contributes.
However, single-case exceptions can create inconsistencies. We suggest discussing an amendment to MIP65 to define clear criteria and a process for granting and reviewing reward exceptions.

MIP 91 - Update Multisig Signers
Vote: Abstain
Rationale: Abstaining reflects trust in the Association’s ability to make decisions in the DAO’s best interest without taking a specific position on the nominees.

2 Likes
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Proposal: MORPHO Reward Rate Reduction
Vote: In Favor
Rationale: Reducing rewards by 30% ensures sustainability without slowing growth. MIP-86 proved TVL can rise despite a lower reward rate, showing supply-demand strength beyond incentives. Sustaining high emissions risks attracting short-term capital and increasing token sell pressure. With strong borrowing demand and liquidity, this reduction is a smart move—so long as the impact is monitored.

2 Likes
6

Proposal: MIP 93 - Grants Pilot Program Selection Part 1
Vote:
@Tenor_Labs:
Fixed-rate lending is currently absent in Morpho’s ecosystem, and Tenor offers a permissionless solution that aligns well with Morpho’s design. Their progress is solid, with clear goals, reasonable TVL targets, and a grant request focused on audits makes it worth supporting. We’re also open to exploring fee-sharing with Morpho DAO in the future.

@MonarchLend:
MonarchLend V1 has proven effective, and V2 aimed to boost Morpho’s liquidity. The proposed upgrades, like a more extensible framework and transparent benchmarking, made this initiative worth to back.

@bleu_builders: CoW Hooks
This approach integrates well with existing systems, adding value to both ecosystems. The scope is clear, and the grant size reflects a reasonable effort-to-cost balance. Supporting this initiative promote accessibility while maintaining a structured development plan.

4 Likes
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Proposal: MIP 96 - Frontend for Compound <> Morpho <> Polygon Collaboration
Vote: In Favor
Rationale: Supporting Morpho’s expansion into new markets like Polygon is a strategic move at this stage of the protocol. The collaboration with Compound and Polygon strengthens Morpho’s multi-chain presence and drives liquidity growth.

Proposal: MIP 95 - MORPHO Reward Rate Reduction 3
Vote: In Favor
Rationale: Voting in favor keeps us aligned with the gradual approach of Reward Rate 1 and 2. Reducing rewards keeps ensuring sustainability while maintaining competitive rates, and Morpho’s continued growth shows the protocol’s strength beyond just incentives. Monitoring the impact will be important, but this feels like the right move for now.

Proposal: MIP 94 - Bera License Fee Usage Clarification
Vote: In Favor
Rationale: Receiving Berachain fees through the Morpho Association is a practical approach, ensuring funds are allocated to support and enhance the protocol. However, more transparency on how tax issues for the DAO will be handled in future cases would provide greater clarity for stakeholders.

1 Like
8

MIP 97 - Optimistic Rewards Rate Adjustment Framework
Vote: In Favor
Rationale: We’re in favor of the proposal as it introduces a good framework for testing reward rate adjustments. It’s a coherent approach to try out this system and evaluate its effectiveness. While the current structure doesn’t include an automatic veto, we acknowledge that the community may revisit the idea of a veto option if needed in the future.

9

MIP 98 - Telegram Mini App Frontend for the Morpho Protocol
Vote: Abstain
Rationale: The proposal is well-structured, but the timing raises questions given TAC’s current stage of growth. While having Morpho live from day one could be beneficial, there is no clear indication of DeFi activity or borrowing demand within the ecosystem. The only DeFi example provided—Curve—is still in testnet, with no evidence that mini apps or their users will generate meaningful demand. Additionally, the proposal requires deployment on another chain that is also in testnet, adding further uncertainty. This raises the question of whether it’s a pioneering opportunity or a premature investment and that is the reason for the “Abstain” vote.

10

MIP 99 - Phase 2: Frontend for Compound <> Morpho <> Polygon Collaboration
Vote: Against
Rationale: The proposed tool could be useful, and we would have supported it if the additional $20,000 request had been presented in a separate proposal. However, the 7-day TWAP was referenced as ending on the day the proposal passed, not the day of disbursement. Adjusting for price movements afterward introduces uncertainty and could set a precedent for covering downside risk.

11

MIP100: Approve Review of 2024 Contributor Grants
Vote: In favor
Rationale: The contributors clearly played a key role in building the core elements that brought Morpho to where it is today; Morpho Blue, Vaults, the frontend, SDKs, and more. These grants reflect meaningful work, and that is the reason we supported the proposal.

MIP101: Plume - Morpho Coincentives Proposal
Vote: In favor
Rationale: The structure does a good job of aligning incentives, with Plume putting skin in the game before any rewards kick in. It’s not certain this will drive long-term value for Morpho, but it’s a reasonable way to boost vault usage and build presence in the RWA space. The neutral rewards approach makes sense, though a bit more context on asset selection and weighting would be helpful. SeedGov supports the proposal and looks forward to seeing the milestones hit.

12

Proposal: MIP 102 - Rewards Update Proposal

Vote: In Favor

Rationale: We voted in favor of MIP 102, as we agree that concentrating rewards on the most active markets is a smart use of incentives under the current budget.

That said, we also want to highlight the importance of keeping the rewards strategy adaptive over time, as the Morpho Association already does.

Additionally, it could be worth doing a review down the line to look at excluded markets that maintain strong usage, and consider reactivating rewards where it makes sense.

Overall, MIP 102 is a strong step, and we support ongoing refinement as markets and user behavior evolve.

13

Proposal: MIP 104 - Spark USDC Deposit Rewards 2
Vote: In Favor
Rationale: Seed supports this proposal as it aligns with our prior commitment under MIP 90 to sustainably boost lending activity.

Proposal: MIP 103 - Incentives Distribution on Unichain
Vote: In Favor
Rationale: Seed supports MIP 103 as a strategic step to foster early growth on Unichain, which is showing strong momentum among new deployments.

Looking ahead, we believe it will be important to monitor on-chain activity during and after the incentive period to assess its impact and determine whether further investment is warranted.