Morpho Earn

The Morpho Earn Strategy allows users to seamlessly deposit and withdraw from multiple Morpho Vaults across Ethereum and Base in a single transaction. This strategy integrates directly with Morpho’s protocol, eliminating the need to manually manage vault interactions through Morpho’s interface. Users can enter any vault with any asset, and Console automatically handles the swaps needed to deposit into the required vault asset, ensuring optimal execution through its meta-aggregator.

Key Features:

• One-Transaction Deposits/Withdrawals: Deposit into or withdraw from multiple Morpho Vaults in one transaction, making capital management more efficient.

• Multi-Chain Support: Available across Ethereum and Base, giving users flexibility in asset and chain selection.

• Native Integration: Manage your entire position from Console without needing to connect directly to Morpho.

• Auto-Swapping: Console’s meta-aggregator ensures that any input asset is automatically swapped to the appropriate vault asset for optimal performance.

• Multiple Deposits: Execute multiple deposits with different tokens and strategies in a single transaction, streamlining your capital allocation.

How it Works?

Once a position is opened, users can view and manage it from the home or withdraw tab. Additionally, a future update will introduce a one-transaction rebalance feature to make portfolio adjustments even more efficient.

Steps

1. Select Vaults: Choose one or multiple Morpho Vaults on Ethereum or Base that you wish to deposit into or withdraw from.

2. Choose Input Assets: Select the tokens you want to deposit. Console will automatically swap the assets to the required vault tokens using its meta-aggregator to ensure best execution.

3. Execute Deposits: Enter multiple vaults with different tokens, all in one streamlined transaction.

4. Manage Positions: Once positions are opened, view them on the home or withdraw tab, where you can track or adjust them easily.

Position Management

To rebalance a position between vaults, users need to first withdraw their funds from the current vaults and then execute a new deposit into the desired vaults. A single-transaction rebalance feature is planned for future updates, simplifying this process further.

After deploying the strategy, you have the flexibility to also manage your position directly using Brahma Connect or Wallet Connect.

Risks

Morpho Protocol Risks

Engaging with Morpho contracts involves risks inherent to any DeFi protocol, such as potential vulnerabilities in the underlying smart contracts. Users should carefully assess the risks before interacting with vaults.

Direct Vault Interaction

All vault positions are opened directly from your Console Safe to Morpho, without any intermediary contracts from Brahma. This reduces intermediary risks but still maintains exposure to the underlying risks of interacting with Morpho.

Contracts Used

• Morpho Contracts: Interactions are done directly with the vault contracts on Morpho for maximum security and transparency.

• Console Meta-Aggregator: This component ensures that users’ input tokens are optimally swapped to the required vault tokens in the same transaction.

Resources

• Morpho Docs: Visit Morpho Documentation

• Brahma Console: Explore Brahma Console

Additional Resources

• Usual Money Docs: Visit Usual’s Documentation