Morpho initiates discussion on protocol token transferability and seeks community input

PANews reported on August 27 that the DeFi lending protocol Morpho initiated a community discussion on the transferability of MORPHO tokens. Morpho stated that as of July 15, 2022, the Morpho Association will deploy MORPHO tokens as non-transferable assets.

Morpho said: “Non-transferability enables Morpho DAO to grow the Morpho protocol and allows users and contributors who are aligned with Morpho’s long-term vision to gain ownership of the network. But to further advance Morpho’s mission of making financial infrastructure a public good, everyone must be able to gain ownership and governance of the network. To do this, MORPHO tokens must become transferable.”