Author: Web3 Farmer Frank
On October 30, the global consumer-grade public chain Morph officially launched the mainnet, and the community's enthusiasm has continued to rise during the transition from testnet to mainnet, with over 6 million users participating and recording over 100 million transactions.
For a public chain project that focuses on a 'consumer-grade ecosystem', the future token issuance and mainnet interactive activities of Morph will undoubtedly benefit community users. Therefore, this article will provide a detailed mainnet interaction guide to help both newbies and experienced users quickly get started with ecosystem projects, seize experiences, and gain potential airdrop opportunities.
Morph Mainnet Early Interaction Guide
For ordinary users, first, you need to configure the Morph mainnet in your wallet. Here are the steps to complete the Morph mainnet configuration in commonly used wallets:
1. Complete the Morph mainnet configuration in the wallet
1. Bitget Wallet
Bitget Wallet completed the integration at the moment Morph mainnet went live, allowing users to switch to the Morph network conveniently in the Bitget Wallet app and extension without manual configuration for mainnet asset management and transfers.
After opening Bitget Wallet, go to the 'Wallet' tab.
Click on the mainnet dropdown menu and select 'Add Mainnet'.
Search and select 'Morph' from the list — if you need to add the testnet, you can select 'Morph Holesky';
2. MetaMask / OKX Web3 wallet, etc.
Go to the Morph block explorer page, click the 'Add to Wallet' button to automatically import the Chain ID and RPC URL of the Morph mainnet;
3. Manual network configuration
If there are compatibility issues when using the 'Add to Wallet' link, you can choose to manually add the Morph mainnet. Manual configuration requires the following information:
Through the above steps, we can quickly complete the Morph mainnet configuration, facilitating subsequent application interactions within the Morph ecosystem.
2. A sneak peek at the Morph mainnet ecosystem
After the Morph mainnet went live, some of the native projects from the previous testnet have already migrated to the mainnet, while some are still in the migration process.
Thus, this article will combine to explore a series of Morph applications' ecosystems and interaction methods, including DeFi, NFTs, DePIN, consumers, and more.
Morph Bridge
Morph Bridge is the official cross-chain bridge of Morph, allowing token cross-chain operations between Ethereum and the Morph mainnet (additionally, we can also use third-party cross-chain bridges that support the Morph mainnet, such as Orbiter Finance, for cross-chain operations).
Select the token and corresponding amount, on the 'Deposit' page transfer ETH from Ethereum to the Morph mainnet; the 'Withdraw' page is the exact opposite.
BulbaSwap
BulbaSwap is the liquidity protocol on the Morph mainnet, where we can use ETH and USDT previously crossed to Morph for regular Swap and Pool (adding liquidity to LP) operations.
For example, exchanging 10 USDT for ETH: first authorize the USDT contract call, then confirm the Swap to exchange for 0.00407808 ETH.
It can be seen that the fees on the Morph mainnet are currently very low; this transaction costs less than $0.08.
Then open the 'Pool' page, click 'Add V2 Liquidity', select USDT and ETH, enter 0.1 ETH, and it will automatically match the amount of USDT to form LP. Finally, click 'ADD LIQUIDITY' and confirm in the wallet.
If you want to remove liquidity later, you can select the corresponding LP position in my positions, then click 'Remove' and confirm.
Abra Finance
Abra Finance is the currency market on Morph, allowing us to gain a borrowing experience similar to Aave for crypto assets. It has not yet migrated to the mainnet, so we will use the testnet interaction process as an example.
First, you can open the 'Dashboard' page, select WETH in 'Assets to supply', and then click to deposit.
Subsequently, the deposited crypto assets can enable the collateral lending function (switch on the 'collateral' toggle), allowing users to select other crypto assets for collateral lending on the 'Assets to borrow' page.
You can also view, track, and manage your on-chain lending positions in real-time.
Morpha.nft
'Morpha.nft' is the NFT trading market on the Morph mainnet, allowing users to search, select any NFT series, and perform buying and selling operations.
Currently, the floor price of various NFT series is relatively low, mostly below 0.01 ETH. Users can click on any collection, and those labeled as Listed are the remaining orders from other users under this collection. Clicking on the image will take you to the NFT details page to view properties, holders, trading royalties, and trading history. On the collection page, clicking the bottom pop-up can complete a quick purchase, while also supporting the selection of multiple NFTs for bulk purchasing.
Taking the current highest market cap example of 'Blind Box Miracle', we can select any NFT listed for sale, click 'Buy', and sign in the wallet to complete the purchase; selling is the same, click 'Sell' to sign and list for sale.
In addition, Morpha innovatively provides free market-making tools, catering to a wider variety of users and facilitating NFT projects in active market-making to maintain NFT value.
Owlto Finance
Owlto Finance is a cross-chain and liquidity exchange protocol, where the cross-chain bridge allows operations between Morph and other supported regional blockchains:
Select the network and corresponding token, click 'Send' to transfer ETH from Ethereum to the Morph mainnet.
Kayak Finance
Kayak Finance is a DEX protocol that allows adding liquidity with testnet tokens to mine KAY tokens. It has not yet migrated to the mainnet, so we will use the testnet interaction process as an example.
We can first click on 'Testing Token' in the top right corner, sign a transaction in the wallet to obtain testnet tokens — 100 Mock-USDT, then click 'Pool' to select the liquidity pool for the 'Mock USDC-Mock USDT' trading pair.
After entering 50 Mock USDC, it will automatically match the quantity of Mock USDT to form LP. Finally, click 'Deposit' and confirm in the wallet.
Standard Protocol
Standard Protocol is an order book trading DEX that allows users to trade ETH and other tokens in the form of limit orders/market orders. It has not yet migrated to the mainnet, so we will use the testnet interaction process as an example.
For limit trading, you can first select the ETH/USDT trading pair, choose 'Sell ETH', then enter the number of tokens you want to trade and the listing price to automatically get the exchange result. Click 'Review order' to view the order and sign to complete the transaction.
Soccersm
Soccersm is a prediction market for trading future prices of cryptocurrencies, sports game results, political elections, etc. It has not yet migrated to the mainnet, so we will use the testnet interaction process as an example.
First, in the 'Dashboard', obtain your exclusive 5000 Balls through the faucet, then choose the prediction events you want to participate in for on-chain betting.
Taking the relevant 'Harris will be the winner of the 2024 US presidential election' prediction as an example, selecting 'Predict Win' and 'Predict Lose' corresponds to different odds. The total betting amount has reached 402,600 Balls.
KaBoom
KaBoom is a consumer-grade DeFi application based on the Telegram Mini App, where users can first select the Morph mainnet, and then trade meme tokens.
First, enter the Telegram Mini App, bind your email and set a PIN code, then select the 'Morph' network, deposit ETH (deposit funds into the corresponding personal exclusive deposit address), and click boom to start quick trading.
Notably, on the same day the mainnet went live, Morph also partnered with TaskOn to launch a two-week mainnet exploration event called 'Dwellers of the Rainforest', where rewards can be earned through exploring DApps and completing tasks.
Ordinary users can participate in specific tasks to earn rewards, including completing designated tasks (such as following social media accounts, sharing specific content, etc.). Upon successfully completing the tasks, users will receive corresponding rewards, which may include points, tokens, or other forms of incentives.
Overall, with the official launch of the Morph mainnet, the token issuance is just a 'step away'. For ordinary users, this means that actively participating in various activities within the Morph ecosystem can not only accumulate points but may also lay the groundwork for future token airdrops.
Earlier, during the 'Genesis Jungle' event, Morph had already made it clear that the total points earned by users would serve as an important basis for future airdrops and exclusive rewards, so early ecological interactions have particularly potential value.
During this critical period, by configuring wallets, completing interactive tasks, and continuously keeping track of ecological dynamics, users can gain a competitive advantage. For ordinary users looking to gain potential benefits, this is an excellent opportunity to lay out and deeply participate in the Morph ecosystem, worthy of long-term attention.
