stETH Referral System
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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 transparent referral program.
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.
Tier 0: Referrers with less than 3.5 stETH deposited through their referrals will receive a 3% bonus.
Tier 1: Once a referrer accumulates 3.5 stETH in total deposits, they will receive a 4% bonus.
Tier 2: With 35 stETH in total deposits, the bonus increases to 4.5%.
Tier 3: Referrers with 350 stETH in total deposits will receive the maximum bonus of 5%.
Referral rewards can be claimed once every 90 days under the same conditions applied to Capital Providers
