Motivation
The Morpho Token, or MORPHO, is the Morpho Protocol's governance token. Morpho DAO - made up of MORPHO holders and delegators - governs the Morpho Protocol. The governance system uses a weighted voting system in which the amount of MORPHO tokens held determines voting power.
MORPHO holders will be able to vote on changes to the protocol, including:
- Deployment and ownership of Morpho smart contracts;
- Turning on/off the fee switches built into Morpho Optimizer and Morpho Blue;
- Decentralize the hosting of the front end to the protocol and the governance;
- Govern the DAO Treasury.