MOR Rewards Staking
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Rewards staking was introduced as a community initiative to address the negative feedback loop within the Capital Providers bucket and to distinguish genuine contributors from short-term opportunists.
In exchange for staking their future MOR rewards for a specific period, contributors receive a "Power Factor", a multiplier applied to the calculation of their MOR rewards. In simple terms, Morpheus contributors earn more rewards now, but can only claim them at a later date.
The Power Factor mirrors the dilution rate that a contributor experiences while staking MOR.
It’s important to note that MOR daily emissions do not increase as the Power Factor only affects the contributor's share within one of the four contributor pools.
MOR Rewards Staking does not affect a Capital Contributor's ability to withdraw their stETH (beyond the standard 7-day period), only the claiming of MOR rewards is delayed. However, once a Contributor withdraws their stETH, their Power Factor no longer applies.
Full details including Power Factor calculation formula and the MOR Rewards Staking implementation for each contributor's bucket are available in Morpheus Request for Comments 42.
Answers to frequently asked questions can be found here.
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.
