What are Rewards?
Rewards are incentives provided by the Morpho DAO, market creators and/or curators to users, encouraging them to interact with Morpho markets.
The claimability of rewards earned through Morpho's rewards programs is based on an epoch system. When an epoch ends, the rewards accumulated during the epoch become claimable. Currently, an epoch lasts 2 weeks, this period is due to be shortened in the near future.
Below is an image of app.morpho.org showing the rewards earn-able on a given Morpho Vault. Users might also earn rewards by borrowing on some Morpho markets.
Overview
Guides
Core concepts
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Programs: Strategies used to compute rewards.
- Market programs: Incentivize market supply, borrow, and/or collateral using a linear distribution over a timeline.
- Vault programs: Incentivize vault supply using a linear distribution over a timeline.
- Uniform rate programs: Apply a uniform reward rate for each dollar supplied in a curated market.
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Computation: An offchain mechanism to attribute rewards.
- Source of data: Subgraph Data used to compute rewards.
- Data manipulation (Blacklisting and reallocation): offchain tools to perform manipulation on data to provide useful features.
- Offchain script: offchain script soon open sourced to attribute rewards.
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Distribution: An onchain mechanism to distribute rewards.
- Universal Reward Distributor (URD): A contract used to claim rewards.