Anon 866, David Johnston (Smart Agents), Anton (antonb), Anon (lachsbagel), Christopher (storm.father), Jon (jonisjon), Maxwell (scott_b_), Jeff (Jabo38), Luke (lukestokes), Erik Voorhees (erikvoorhees), Stan909 (chasingdreams)
- Mechaverse with MRC 36
- Kehndry - Extensive feedback and alternative proposals on Time Curves.
- David Johnston - With MRC22
In Progress
https://discord.com/channels/1151741790408429580/1251996042929639434
This proposal sets forth a method by which Contributors can Stake MOR reward claims to a time in the future. In exchange for Staking MOR for a period of time, the Contributor gets a "Power Factor" applied to the calculation of their MOR rewards each UTC second. This Power Factor mirrors the the Delution rate the Contributor experiences while Staking the MOR.
Important
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None of these MOR Staking proposals increase the amount of MOR token emissions that are created. Rather, it changes a Contributors proportional rights to the amount of tokens that are being emitted during a period they contribute their value. In a similar way that increasing a miner's hash rate increases the amount of the portion of Bitcoin they mine.
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For Capital Providers: nothing in this proposal changes the ability of a Contributor to withdraw their stETH (beyond the normal 7 days), only the claiming of MOR rewards is delayed. However when a Contributor withdraws their stETH their reward factor no longer applies after the UTC second time of their withdraw.
- MRC38 & MRC39: MOR Reward Staking (emissions in the future) Types (Code & Capital)
- MRC40 & MRC41: MOR Staking of Existing MOR (Compute & Builders)
- Whitepaper: Morpheus Users. Stake MOR for access to Compute.
- A. Add Code Contributions to earn MOR.
- B. Staking of MOR rewards into the future to increase proportionality.
- A. Deposits of stETH and the resulting yield contributed to Morpheus earn MOR.
- B. Staking of MOR rewards into the future to increase proportionality.
- A. Existing MOR Staked to qualify to earn MOR. Stake 100 MOR for 1 Year. Earn up to 100 MOR.
- B. Staking of MOR rewards into the future to increase reputation ranking.
- A. Existing MOR Staked to qualify to earn MOR rewards.
- B. Staking of MOR rewards into the future to increase proportionality.
- A. “Inference Staking”. Stake MOR for access to Compute.
- B. Nominating Smart Agents / Dapps. Stake 100 MOR for 1 Year. Earn up to 100 MOR.
Note
Charts shows example power factor if the Contributor Staked their MOR token claims the 25th of July 2024.
On the following two tables, the left axis denotes when the claim lock begins and the top axis denotes when the claim lock ends. Please note that multipliers extend beyond the durations shown in the tables - they are shown as such to make them easier to read.
Short Term Durations
Long Term Durations
- The Power Factor principle mirroring Dilution rates can be used across Contributor types.
- The answer to "Life, the Universe and Everything" is Time.
- How to make contributions to Morpheus accretive vs extractive.
- The concept is that All Contributions (Code, Capital, Compute or Builders) take Time for them to benefit the network, the longer the Time the greater the benefit.
- Time seperates the Builders from the tourists. The HODLers from the day traders.
- In the Morpheus context, Time seperates the real Contributors from short term opportunists.
Rather than pick a "magic" number for the "Power Factor" function, this number can best be set by looking at the actually Dilution Rate the person experiences from Staking their MOR tokens for a specific period of time.
For example:
- On July 25th 2024 2,384,564 MOR will have been emitted.
- On July 25th 2025 7,338,234 MOR will have been emitted.
- Thus 4,953,670 MOR have been emitted since the Time delay for claims began.
- In the case the user choses to Stake their MOR claims for this 12 month period, they experience 207% dilution.
- So the Time Power Factor should be around the same 2X.
In other words the Base reward as calculated by the number of stETH staked in the case of capital or the weights held in the case of a Code Contributor is mulipled by the Power Factor.
The result of this multiplication is then divided by the total stETH * Power or Weights * Power of ALL Contributors in that group to determine the individual Contributors proportionality of the MOR rewards that UTC second.
For Example:
- 1 stETH with a 207% Power Factor would have a result of 2.07
- This 2.07 sum would be divided by the total stETH staked (or yield provided in a future yield agnostic version) post Power Factor.
- If 100 stETH were already staked the porportion of rewards for the 1 stETH staker after his deposit would be equal to 2.07 out of 102.07
- Which equals 2.02% of the MOR emissions during that UTC second.
These MRCs stand for how to implement Time as a function for each of the four core proofs of Morpheus.
Code, Capital, Compute and Builders. However the principle is the same across all four and should hold generally.
- Code MRC 38: https://github.com/MorpheusAIs/MRC/blob/main/IN%20PROGRESS/MRC38.md
- Capital MRC 39: https://github.com/MorpheusAIs/MRC/blob/main/IN%20PROGRESS/MRC39.md
- Compute MRC 40: https://github.com/MorpheusAIs/MRC/blob/main/IN%20PROGRESS/MRC40.md
- Builders MRC 41: https://github.com/MorpheusAIs/MRC/blob/main/PENDING/MRC41.md
- "If your opponents are opportunists, one way to beat them is to outlast them.
- "Opportunists almost by definition lack staying power."
- https://x.com/paulg/status/1802094669628625272?s=46&t=iOyqtKddsZp1sSUXOguocA
