Morpheus Swap — Resurrection
Spirit Merger Update:
We disagree with the actions taken by Spirit Swap since pausing the DAO merger proposal. We have numerous concerns regarding transparency and trust. We have attempted to resolve these concerns via communications with them, of which all attempts were unsuccessful. We respect the Spirit Swap community and still have appreciation for some of the team at Spirit. However, we do not feel it is in the best interest of Morpheus Swap to proceed with the merger.
When one door closes, three open. And, three definitely have.
Across the next few days many changes will be implemented to further strengthen our independence as a DEX on Fantom. We will be focusing intently on aggregator volume and protocol partnerships, some of which are already in the works. Below is an outline of what to expect. When each development is shipped, a more detailed individual summary will accompany it. We are excited and confident in our future, and we’re sure you’ll love these.
Here’s a look at everything we have been working hard on development wise, and will be releasing starting in a few days and across the month of February:
- Governance — Snapshot
2. Constant Neo Pool — no need to re-stake weekly
3. Zap LP yield into Neo Pools
4. Zap Neo Pools yield into LP
5. Native dual incentive support on our farms for partnering protocols
6. Revenue and Yield Dashboard:
- All-time revenue distributed
- Weekly revenue distributed
- Monthly comparison of revenue shared across multiple protocols
- Yield calculator/estimator
From an allocations perspective, the following changes will go into effect starting next Neo Pool:
Protocol Swap Revenue
- Neo Pools: 70%
- Treasury: 30%
- Team: 0% (Team is permanently and voluntarily removing Team allocation of protocol swap revenue).
Token Allocation
- Emissions: 85%
- Treasury: 15%
- Team: 10% (This is the already emitted now and standard 10% on top of the 100% for masterchef contracts; no new or additional emissions are being introduced).
The third and final door, the door everyone wishes to know what lies behind it…Solidly!
Stick with us the next few days as we will be releasing a separate announcement to detail our strategy and plans for Solidly. You’re not going to want to miss it!
