DeFi Frenzy: Concrete & LayerBank Join Morph's DeFi Rewards with 7x Launch Multiplier
Since launching our DeFi Frenzy Rewards program in Morph Zoo, we've seen incredible engagement from users maximizing their earnings through liquidity provision. Today, we're excited to expand these opportunities with two new partners: Concrete and LayerBank. To celebrate these additions, we're introducing a special 7-day promotion with 7x boosted rewards.
New Partners, Enhanced Rewards
Starting February 24, users can deploy their assets into Concrete and LayerBank liquidity pools through our DeFi Rewards page, joining our existing partner BulbaSwap. Each protocol offers unique opportunities to earn:
BulbaSwap - 2x multiplier
LayerBank - 2x multiplier
Concrete - 2.6x multiplier
Special Launch Promotion
For the first 7 days only (Monday, Feb 24, 9 am EST - Monday, March 3, 9 am EST), deposits into Concrete and LayerBank pools will receive a supercharged 7x multiplier! After this period, rates will return to their standard multipliers.
Expanded Asset Support
The DeFi Rewards program now supports an expanded range of assets, including some with special multipliers.
Standard Assets:
ETH, WETH, USDC, USDT, WBTC, BGB
Assets with Enhanced Multipliers:
pumpBTC, weETH, (2x multiplier)
USDe (2.6x multiplier)
Note:
- When using assets with their own multipliers, only the highest multiplier applies between the asset and protocol rates.
- The 7x multiplier only applies to Concrete and LayerBank pools
Participating in DeFi Frenzy
Getting started is simple:
- Visit the DeFi Rewards page in Morph Zoo
- Deploy into your preferred liquidity pools
- Hold for at least 24 hours to begin earning rewards
For additional guidance and help please review our previous guides on:
- How to Bridge ETH to Morph (Official Bridge)
- How to Bridge ETH to Morph with Orbiter Finance
- How to Bridge ETH to Morph with Owlto Finance
- How to Bridge weETH to Morph with Stargate
By participating, you'll earn:
- Enhanced Morph Points based on your chosen protocol and assets
- Standard protocol APR
- Additional protocol-specific rewards
For detailed steps on providing liquidity to each protocol, visit our comprehensive season 2 guides and articles.
Ready to Begin?
Remember, your DeFi activity earns you Morph Points, which will play a key role in future token allocations with 10% of Morph's upcoming token supply reserved for community activities. These points have already gained significant market recognition, trading actively on platforms like Bubbly Finance and Whales Market.
Don't miss out on the 7x multiplier during our launch week! Visit the DeFi Rewards page to start deploying your assets and maximizing your earnings today.
