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What are Rewards?​

Rewards are incentives provided by market creators and/or curators to users, encouraging them to interact with Morpho markets. These incentives can be in the form of transferable tokens or not.

Below is an image of app.morpho.org showing the rewards earn-able on a given Morpho Vault (formerly known as MetaMorpho). Users might also earn rewards by borrowing on some Morpho markets.

Overview​

Guides​

Core concepts​

  • 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.

  • 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.

  • Distribution: An onchain mechanism to distribute rewards.

    • Universal Reward Distributor (URD): A contract used to claim rewards.