Capital Providers

How can I become a capital provider?

You need to deposit stETH into the Morpheus Smart contract on Ethereum mainnet.

How can I deposit stETH?

You can visit Morpheus dashboard to deposit stETH and stake your rewards.

Which chain should I supply capital?

Currently it's Ethereum mainnet. The list of chains and assets will be expanded over time.

What is the address of the smart contract for deposits?

You can find the link on Smart Contracts page.

What is stETH?

stETH is a yield-generating token that represents an Ethereum token that is staked in Lido.

How do I get stETH?

stETH can either be minted directly through or bought on exchanges.

How does Morpheus benefit from my deposit?

The protocol utilizes yield generated by stETH to create . The yield is used to buy back MOR from the open market, combine it with the wETH, and add it to the liquidity pool.

If I stake my stETH, do I get it back, or is it converted into MOR?

It’s not converted into MOR; the protocol takes only the yield generated. You can get back the full amount of stETH you deposited after 7 days of the initial lockup.

Do I bear the risk of impermanent loss?

No, there is no impermanent loss risk. You withdraw the same amount you deposited.

Is there a minimum or maximum amount of stETH one can deposit?

The minimum deposit amount is 0.01 stETH, and there is no maximum contribution limit.

Do I have to pay fees?

Yes, you do. Since the claim transaction is generated on the Ethereum blockchain, and the MOR rewards will be received on the Arbitrum chain.

How quickly will I receive my tokens?

After confirming the claim transaction, you will receive your tokens within a few minutes.

Is deposited stETH locked?

It is not locked. You are free to withdraw at any time after the 7-day initial lock-up period.

Why is there a 7-day lock-up period for deposit?

This measure was introduced to avoid people gaming the yield timing, as the protocol rewards in advance from the moment you deposit, with yield generated once a day.

When does the staking for stETH end?

There is no cutoff date. Emissions are a built-in feature of the protocol and will continue indefinitely.

For how long should I deposit stETH?

It’s completely up to you. You can deposit for days, weeks, months, or years. While your stETH is deposited and contributes yield, it earns you MOR rewards.

How do rewards distribute?

24% of MOR emissions are designated for capital providers and divided proportionally to a user's share in the total deposited stETH pool multiplied by Power Factor from rewards staking.

How can I claim my rewards?

Visit and switch to Ethereum mainnet.
Connect the wallet you used for stETH deposit.
Check the MOR claimable amount and click the "Claim MOR" button.
Input the address you want to receive MOR tokens on the Arbitrum chain.
Sign the transaction.

Are there any limitations for MOR reward claims, like token lock or vesting?

There are no limitations other than Capital Providers have a default 90-day claim delay for MOR rewards. Each time a user deposits stETH, they are able to claim their MOR rewards after 90 days, unless they choose to stake for a longer period. Subsequent claims are also be available every 90 days following each claim or deposit.

Where can I check my MOR earnings?

You can see them at when connecting your depositing wallet.

How many MOR tokens can I get by depositing 1 stETH?

It is a dynamic value that depends on the ratio of your contribution to the total amount of deposited stETH and MOR rewards staking period. You can check it on one of the community websites:

with /rewards command

What is the reward APR?

Current APR can be seen at:

with /rewards command
with /rewards command

Is there a minimum or maximum amount of MOR I can claim?

You can only claim the full amount of accrued rewards.

How often can I claim MOR rewards?

The MOR token is accrued with every Ethereum block, meaning if your MOR rewards are not staked, you can claim every 12 seconds, but each time you make a “Claim” transaction, you will need to pay a fee.

Do I lose earned MOR rewards if I decide to withdraw stETH?

No, you don’t, but you will not earn rewards any longer as you are not providing the capital anymore.

Has the contract I deposit stETH into been audited?

Yes, both the community and a dedicated auditor have reviewed the Smart Contracts. See the reports on Security Audits page.

How is the stETH deposit contract managed?

There are 5 of 9 managed by community-trusted open-source contributors. The multisignature address is .

What are the risks of providing capital?

There are always risks with smart contracts like bugs or vulnerabilities. To ensure a high level of security, the contracts have undergone multiple levels of audits, including community audits, cybersecurity company audits, and a public bug bounty campaign. Security reports are available on Security Audits page. That's also why the , 4% of emissions, exists.

Who should I contact if I encounter difficulties?

The community is always ready to provide support. Please describe your issue in the Discord .