stETH Referral System

As a decentralized project with no centralized entity, core team, or founders, Morpheus cannot rely on the most traditional marketing strategies commonly used by Web3 projects to raise awareness.

Referral programs have long been an effective marketing strategy, allowing businesses to incentivize customers to refer others, thereby leveraging word-of-mouth and peer-to-peer marketing. In line with this, Morpheus has introduced an entirely on-chain, trustless, and transparent referral program.

How it works:

• Morpheus community members can create a referral address, which Capital Providers can use when depositing stETH.

• Users who deposit stETH using a referral address will earn a 1% bonus.

• The community member who created the referral address will receive up to a 5% bonus in MOR, depending on the total amount of stETH deposited through their referral.

Referral Tiers:

• Tier 0: Referrers with less than 35 stETH deposited through their referrals will receive a 1% bonus.

• Tier 1: Once a referrer accumulates 35 stETH in total deposits, they will receive a 2.5% bonus.

• Tier 2: With 350 stETH in total deposits, the bonus increases to 3.75%.

• Tier 3: Referrers with 3,500 stETH in total deposits will receive the maximum bonus of 5%

Referral rewards are not locked and are immediately available for claiming through the referral dashboard