Take part in existing lending pools through Morpho!
Morpho Labs
Progress mission: 0 of 5
Rewards
Rewards
TBA
Past rewards
$500 $24,500
Details
Minimal cost
~$100
Minimum deposit
$1,000
Time required
15 min.
Category
Mainnet
Rating
6/10
Risk
High
Morpho Labs mentioned that 51% of their initial tokens will go to the community. They've also raised a big $18 million, with major investors like a16z involved. The promise of rewards makes it appealing.
However, there are risks to consider, such as the possibility of a hack or the team not delivering as expected.
Moreover, this opportunity is expensive, as it requires at least $1000 to receive a decent amount of $MORPHO tokens. If you want to increase your chances to receive a bigger airdrop, you can loop your assets (borrow assets to supply them, and repeat the operation), but this is a risky strategy as you can lose all your capital.
Pros & Cons
Why is it worth it?
Community Focus
51% of tokens are allocated for the community, a generous portion exceeding half of the initial distribution.
Early Phase
Limited competition due to a smaller follower base (19k), offering better chances for early participants.
Risks to consider
High Fees
Being on Ethereum, participating involves substantial transaction costs.
Investment Risks
The high fees and the inherent risks of the lending protocol make it a potentially risky venture.
Expensive Opportunity
At least $1000 is required to participate in this opportunity.
How to participate?
Every opportunity has its own rules. Following these closely can significantly increase your chances of qualifying for rewards. Here’s a list of recommendations from our team to help maximise your chances of benefiting from this opportunity.
- Supply Tokens in Morpho Labs: Your main goal in Morpho Labs is to supply (provide) tokens. This increases your transaction volume and count, which are key factors for qualifying for airdrops (free token distributions).
- Repeat Token Supplying: Supply tokens regularly. Doing this over time helps increase your overall transaction volume and count, which are important for airdrops.
- Use Morpho Blue with Testnet Tokens: Morpho is incentivizing users to supply and borrow assets in their pool with $MORPHO tokens. These tokens are paid for every $1000 per year. This means that you should consider entering this opportunity if your budget is above $1000 to receive $MORPHO tokens. Supplying assets brings more $MORPHO than borrowing, but you can consider looping your assets (borrowing to supply more) to increase your airdrop. However, this strategy is very risky.