Greetings, people of Zion!
First off, I wanted to extend my greatest gratitude towards you all. Without you and your support, our project would not be where it is today. Thank you for believing and trusting in the project I’ve built!
For some clarification regarding what will happen when MORPH emissions will end, as well as what the vision for layer 2 is:
Once MORPH emissions end (at 2 million MORPH), the current farm we have will become inactive. Within the week before ending, users will be able to re-stake on the new platform, which will be our second and final layer. In order to avoid creating multiple farms with diminishing value, it makes much more sense to have the second layer as our final one, with a second farming token that will have no hard cap in order to always incentivize providing liquidity for the farms, as well as our future DEX.
An example I like to think of is this: currently, Morpheus Swap is the governance coin “mining” process. Once fully “mined”, MORPH will be integrated into the second platform as the core governance token, alongside the second platform’s farming/DEX token. MORPH will also be able to be staked in the farms on the second platform.
Our roadmap states that DEX development will begin in December. I believe that this could be achieved sooner on the second and final platform, possibly mid-November to be safe. Currently, I’m working on a surprise feature for Morpheus Swap, inspired by an offer of a friend from one of our partner projects. Details for this will be announced very soon!
After this feature, I would want to dedicate more time for the development of the second platform, as well as native NFT development. Throughout this whole period we will continue to update with new pools, partnerships and announcements.
As a note, I plan to keep all of our features going into our second and final platform as well. Neo Pools will always stay, as well as the numerous features coming out that provide use-cases for MORPH.
Concerning auto-compounding, we have a fantastic partnership with Grim Finance, who have been with us from almost the start and are always updating their site with our new pools. I believe the project would receive more benefit for me to focus on the other goals at hand, and to incorporate native auto-compounding in our second platform. Grim is doing a fantastic job as it is, no reason for me to mess with that just yet :)
I’m also looking to expand the project’s core team! If you’re a developer (preferably with web3 React experience), or happen to know anyone who might be interested, feel free to reach out on Telegram or Discord for more details!
That’s it from my side folks, have a wonderful rest of the week!
-Morpheus
