#morpho $MORPHO

@morpholabs

The MORPHO token is the native governance token for the Morpho decentralized lending protocol, used to vote on protocol decisions and reward users for participating in lending and borrowing. It is a utility and governance token with a total supply of 1 billion, and holders can use it to vote on upgrades, market parameters, and fee adjustments.

Key details

Purpose: The MORPHO token primarily facilitates governance of the Morpho protocol, allowing holders to propose and vote on upgrades, new interest rate models, and other parameter changes.

Incentives: It is also used to reward users who participate in the lending and borrowing activities on the platform, encouraging ecosystem growth and participation.

Total Supply: The total supply is capped at 1 billion tokens.

Allocation: The supply is allocated among different groups, including the Morpho DAO (35.4%), strategic partners (27.5%), the founding team (15.2%), and others.