MIP 104 - Spark USDC Deposit Rewards 2

📡 Protocol

Morpho

Voting URL

https://snapshot.box/#/s:morpho.eth/proposal/0x62e7dc9f4ed3d3608f09327dad075ea6264f16724af11138fb3f54a3cfd90c5f

Type of Vote

Off-chain

Our Vote

For

Rationale

This proposal merits approval due to its targeted approach in incentivizing Spark’s USDC deposits in Coinbase-integrated markets amid rapidly growing borrow demand. The strategic reduction from 50% to 25% for larger deposit volumes reflects careful management of Morpho’s rewards budget, limiting potential distortion of market-wide liquidity. Additionally, the explicit 6-month term ensures transparency and timely review.

Vote Date

May 31, 2025