# MRC 45: Morpheus stETH Referral System ### Authors / Discord Name: Jeff McDonald (Jabo38), David Johnston (Smart Agents), Sergey Kozlov, Christopher (storm.father), Jon (jonisjon), Rene (rene9386) ### Link for Discord: ### Status: IN PROGRESS ### Summary: Morpheus community members can create a referral address. Any other user can use the referral address when depositing stETH and earn a 1% bonus. Additionally, since a capital depositor added stETH with a referral address, the community member who created the referral will receive up to a 5% bonus in MOR. ### Rationale: As a decentralised project with no centralised foundation, LLC, or core team entity, many of the traditional marketing strategies that other blockchain platforms and decentralised apps take to bring awareness to a project are not applicable. Referral programs have traditionally been cost-effective marketing strategies. Businesses have often used them to successfully incentivize customers to refer new customers, thus aiding in word-of-mouth and peer-to-peer marketing. Considering these points, a referral program is a rational and logical fit for the Morpheus community to explore. With advances in smart contracts, this can be entirely on-chain in a trustless and transparent model. ### Mechanics of a Referral System: **Referral address creation:** Community Member A (Alice) creates a referral that contains her wallet address. She is the referrer. **Staking stETH:** Community Member B (Bob) uses the referral wallet address created by Alice when sending a stETH staking transaction. Bob is the referee. Bob gets a 1% bonus for using Alice’s referral. **Claiming MOR:** Bob can claim MOR when he wants. **Claiming the referral bonus:** Alice can claim her referral bonus as she pleases, even if Bob has locked his MOR in accordance with the power factor curve. If the referral field in a staking transaction is empty, it means that no referral reward is applied. ### Rates for Referrals: A community member can earn up to 5% as a bonus when community members using their address deposit stETH. This will come in four tiers of 3%, 4%, 4.5%, and 5%: **Tier 0:** Community members with referrals that have less than 3.5 ETH deposited by addresses of all their referees will get a bonus of 3%. **Tier 1:** With a minimum of 3.5 stETH having been deposited across all the capital depositors totaled, a referrer maker can get a bonus of 4%. **Tier 2:** With a minimum of 35 stETH having been deposited across all the capital depositors totaled, a referrer maker can get a bonus of 4.5%. **Tier 3:** With a minimum of 350 stETH having been deposited across all the capital depositors totaled, a referrer maker can get a bonus of 5% --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://gitbook.mor.org/mrc/closed/mrc45.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.