MRC 19: Cosmos & Thorchain Expansion of Morpheus

---

Status:

April 1st, 2024: PENDING

Comments: Technical dependencies on Thorchain upgrade

---

History

The original Morpheus whitepaper proposed using Thorchain yield as the means for Capital Providers to contribute to Morpheus.

Tech Problem

While the Smart Contracts were in development the open source devs notes that there was a feature missing from Thorchain that would make this possible.

Dependency

This missing feature is support for multi-outputs from yield generated from a Thorchain Saver. Currently when a Thorchain Saver vault is set up the yield can only be returned to the same address as the that contributed the crypto to the Saver Vault.

Solution

When Thorchain adds support for Multiple addresses to be rewarded yield, then the Morpheus Capital Provider can be extended to Thorchain yield types.

Value

This would be a substaintial upgrade as Thorchain create sustainable native yield in BTC, ETH, AVAX, USDT, BCH, USDC, BNB, LTC, DOGE & ATOM. This represents yield from many of the most active chains and would add a great deal of the most active crypto communities to the ranks of Morpheus Capital Providers.

Link to Source of Yield Available

https://thorchain.net/thorfi/savers