albist (albist)

albist

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gm! Rewards earned on the Morpho protocol have two main parts: - MORPHO rewards > Voted by the Morpho DAO, no end date for now and following a uniform rewards model (https://forum.morpho.org/t/mip65-new-scalable-rewards-model/617). - Rewards programs > Third parties can create rewards programs to incentivize Morpho markets or Morpho Vaults. This rewards programs are time limited (e.g. rewards X tokens for suppliers of market Y during 14 days) For both of the above, you can see them in the Net APY breakdown of a Vault, and also more details on the specific Morpho Rewards App (https://rewards-app.morpho.org/). The curators are not the ones distributing rewards or deciding it, they can not change rewards at will. Rewards earned by Vault's suppliers are the result of the Vault allocation % in the underlying market so this can have an impact on rewards program (i.e. a Vault stops supplying into a market that has USDC rewards, Vault's suppliers will stop receiving USDC rewards). more in the next message

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TL;DR MORPHO rewards can be impacted by: - DAO vote - Total supply in markets - MORPHO price action Additional rewards can be impacted by: - Program duration - Vault allocation - Amount supplied About claiming timeline, Morpho rewards work with an epoch system, currently an epoch last two weeks. When an epoch ends, rewards accrued during the epoch become claimable. Goal is to make this epoch as shorter as possible in the near future. Let me know if you need anything else. Also always available on Morpho discord (https://discord.morpho.org/)

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Indeed! None of the markets represented in this Vault nor the Vault itself are currently eligible for third party rewards program. You can see the breakdown of the APY (rate paid by borrowers and additional rewards) by hovering on the Net APY numbers (the little blue starts - see attached). In this case, by checking at the Vault allocation, you can see that all allocations are currently made to markets eligible to MORPHO rewards (hovering on the 3 little stars). Now, the overall rule defining which market is eligible for Morpho rewards is described in the Uniform Rewards Model forum post (https://forum.morpho.org/t/mip65-new-scalable-rewards-model/617) TL;DR If a market is listed and supplied by an established Vault (Vaults displayed on the interface), the market will receive MORPHO rewards on the supply and borrow side (provided a few specificities described in the forum post). Let me know if you have more questions!

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