Morpho Token Contract Migration Planned Pending Governance Vote
Morpho Token Contract Migration Planned Pending Governance Vote
馃攧 Token Migration Incoming
Token Contract Migration Ahead
Morpho is preparing to migrate its token contract to support new tokenomics, pending community approval through an upcoming vote.
Key Details:
- Migration timeline: Expected in a few weeks after vote passes
- Purpose: Accommodate updated tokenomics structure
- Requires: Community governance approval
Background Context:
In October 2024, the community voted to implement onchain governance, which led to:
- Deployment of new token wrapper contract on Ethereum
- Integration with Morpho App for seamless wrapping
- Legacy MORPHO token remains but renamed
- Base bridge deployment for cross-chain governance
- New wrapped tokens distributed as rewards on both Ethereum and Base
The upcoming migration represents the next phase of Morpho's governance evolution, building on the infrastructure established through the previous onchain governance implementation.
Stay tuned for the governance vote announcement and migration details.
Important: to accommodate the new tokenomics, we will need to migrate the token contract. This will be done in a few weeks, provided that the vote passes.
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Alien Base Introduces Line of Credit System for POL Emissions and Dev Funding
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