Power Factor Multiplier
Capital Providers have a default 90-day vesting period for MOR rewards. Each time a user deposits stETH, they are able to claim their MOR rewards after 90 days, unless they choose to stake for a longer period. Subsequent claims are also be available every 90 days following each claim or deposit.
Why does Morpheus need Power Factor?
Power Factor has been introduced as a community initiative to close the negative feedback loop at the capital providers bucket and separate the real contributors from short-term opportunists.
How does the multiplier work?
In simple terms, Morpheus contributors can lock MOR reward claims for a future date. In exchange, contributors get a "Power Factor Multiplier" that amplifies their MOR rewards.
How is the Power Factor determined?
The Power Factor mirrors the dilution rate due to daily emissions contributors experience while staking the MOR rewards. The equation can be found in the MRC42.
For how long can I stake my rewards?
There are no limits, but the Power Factor starts to grow from 1x after approximately seven months of staking and reaches its maximum of 10.7x if rewards are staked for seven years.
Can I stake MOR that I already have in my wallet?
No, only future MOR reward claims can participate in this staking.
Who is eligible for rewards staking?
All four types of Morpheus contributions (Code, Capital, Compute, or Builders) can apply multiplier to their reward claims.
I'm a contributor, do I have to lock my rewards?
Lock of rewards is not mandatory, but without it, you will not gain Power Factor.
Can I claim rewards earlier?
The user is not able to claim their MOR rewards until the end of the lock period.
MRC states that every transaction will recalculate Power. I’d like to know more.
Not every transaction will trigger recalculation, but only transactions with the Capital contract, due to the technical specifics of the contract. For example, depositing or withdrawing stETH for capital providers, or increasing or decreasing weights for code contributors.
If I want to buy or sell MOR from the wallet where rewards are locked, will this trigger recalculation?
No, because these transactions do not call functions of the Capital contract.
Do lock of rewards affect MOR emissions?
No, it has no impact on daily MOR emissions, but due to locks, fewer MOR tokens will flow into circulation.
What should I do to get Power Factor?
You will be able to do that via the dashboard or directly through the smart contract.
I'm a capital contributor. If I lock my reward, will I be able to withdraw my deposit assest?
Nothing changes the ability of capital contributors to withdraw their assets (beyond the normal 7 days), only the claiming of MOR rewards is delayed. However, when you withdraw deposited assets, you will no longer get rewards.
I have a question I didn’t find the answer to.
Please ask it in the Discord in the #capital-providers or #code-providers channels.
Beware of scams, anyone who message you with proposal to help is likely a scammer
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