Hey everyone . As per the recent governance proposal, we're excited to present wMLP.

01 May 2023, 14:21

Hey everyone ! As per the recent governance proposal, we're excited to present wMLP! wMLP is now live on the Morphex interface under the "Earn" tab (for regular rewards, it has been renamed to "Rewards"). Deposits are open, with the SCREAM market soon being displayed as well for deposits. Collateralization will be available within a few days time as we let deposits first roll in. Deposit your MLP here: The wMLP strategy is as follows: This vault will accept staked MLP for deposits with a simple strategy generating yield - deposit MLP into Morphex to earn esMPX + FTM and compound all FTM back into MLP. The esMPX rewards will be staked for esMPX + FTM + Multiplier Points, again sending the FTM yield to be further compounded into MLP, and staking the earned esMPX and MPs. The wrapper is fully liquid and users will be able to withdraw their principal MLP and any earned interest from FTM compounding at any time. The true APY values for wMLP will be displayed soon on the UI as well, currently we're displaying 0%, do not worry 🙂 For further wMLP rollout updates, we'll make sure to announce each step accordingly, so stay tuned these days! For the original proposal text and detailed description of the Morphex <> SCREAM wMLP collaboration: For further information on wMLP, please join the Morphex Discord server: Thanks! ♥️