MIP 95 - MORPHO Reward Rate Reduction 3

We support this proposal because it makes sense to reduce excessive incentives and reallocate funds toward more strategic investments. While Morpho’s growth has calmed somewhat under current market conditions, that slowdown isn’t a major concern given the broader stagnation in the lending sector. Now that rewards have moved closer to a proper level, a more careful, incremental approach will be needed to maintain healthy, long-term growth.