Protection Fund
Bugs and errors in software are inevitable, as seen in the history of blockchain from Bitcoin’s two unintentional hard forks to The DAO incident during Ethereum’s early days. Planning ahead for such scenarios is a wise approach to mitigating risks and protecting against potential vulnerabilities.
The Morpheus Tokenomics allocates 4% of all MOR emissions to the Protection Fund, which can be used in the following cases:
Discovery and responsible disclosure of vulnerabilities in Morpheus Smart Contracts through the Bug Bounty Program.
Payments for cybersecurity audits of Morpheus Smart Contracts.
Compensation for user losses caused by attacks or bugs in Morpheus software.
Other initiatives aimed at strengthening the ecosystem’s security.
The Protection Fund is managed by the community-controlled Multisignature Account, with claims made quarterly. A draft process for payments approval and release is available on GitHub and is still under discussion.
Additionally, there is a community-proposed concept for Protection Fund Diversification. You're welcome to join the discussion on Discord.
Last updated
Was this helpful?
