FAQ
Governance
How to earn governance power?
Either you have MORPHO, or someone is delegating their voting power to you.
How to earn/have some MORPHO tokens? Are they transferable?
You can refer to the specific MORPHO token FAQ.
How does Morpho generate revenue?
Morpho Protocol such as Morpho and Morpho Optimizers are currently not generating any revenue. Morpho Vaults are currently generating revenue, for the owner of the vault, which is never Morpho Association nor Morpho Labs.
The ability to turn on protocol fees is present in Morpho's smart contracts but is not activated at the moment. Governance decisions can turn it on.
On Morpho, protocol fees may be collected at the market level, where a portion of the interest paid by borrowers can be taken as a fee.
On Morpho Optimizers, protocol fees, also called reserveFactor, include a cut of the improved P2P APY. It comes from the spread between the P2P APY and poolSupplyRate for suppliers or poolBorrowRate for borrowers. This fee will later be defined by governance.
In this protocol fee only applies to P2P matches, meaning that Morpho Optimizers will not take any fee if you are not matched P2P, ensuring that you still get at least the same APY as if you were directly interacting with the underlying pool.
How to contribute to Morpho?
Morpho Labs is one of the core contributors to Morpho. If you are looking for a job, feel free to go to jobs.morpho.org and check the available positions.
Delegation
What is delegation?
Delegation allows you to transfer the voting power associated with your tokens to another member of the Morpho community who has volunteered to actively participate in governance. These individuals are referred to as “delegates.”
You retain the ability to change your designated delegate at any time.
How do I delegate?
- Go to the Delegation Platform: Visit delegate.morpho.org
- Connect Your Wallet: Use the connect option to link your wallet to the delegation platform
- Select a Delegate: Choose the address you wish to delegate your voting power to
- Confirm Delegation: Review and confirm the delegation to set your chosen delegate
Will delegating affect my ownership of tokens?
No, delegating does not impact your ownership. You retain full control of your tokens and can continue to use them as usual, even after delegation.
Can I change my delegate later?
Yes, you can update your delegate at any point by revisiting the Delegation page and selecting a new delegate. There are no time restrictions or lock-up periods associated with delegation.
Do delegates receive compensation?
No, delegates do not receive additional tokens or rewards for their role. They participate voluntarily to support governance.
Can I delegate to multiple addresses?
Currently, delegation is limited to a single address per token holder. Partial or multi-address delegations are not supported.
Are there gas fees associated with delegation?
Yes, as delegation is an on-chain action, it requires a small gas fee to complete.
Did we answer all your questions? If not, please reach out on Discord or via email.