@Morpho Labs 🦋 #morpho $MORPHO

Here’s a concise overview of the token **MORPHO** from Morpho Labs (ticker “MORPHO”):

* MORPHO is the governance token of the Morpho Protocol, a DeFi platform that optimises lending by matching lenders and borrowers peer-to-peer on top of protocol pools like Aave and Compound. ([Gate.com][1])

* Maximum total supply is **1,000,000,000 MORPHO** tokens. ([docs.morpho.org][2])

* Token allocation: ~35.4% to the Morpho DAO, ~27.5% to strategic partners, ~15.2% to founders, ~6.3% to the Morpho Association, ~5.8% to contributors, and ~4.9% to users/launch pools. ([docs.morpho.org][2])

* Initially non-transferable (to align decentralised ownership), transferability was enabled on November 21 2024; legacy tokens can be wrapped into “wrapped MORPHO” for on-chain governance and cross-chain compatibility. ([docs.morpho.org][2])

* Holder rights: Token holders can vote via the DAO on protocol upgrades, deployment of smart contracts, fee switches and treasury decisions. ([Gate.com][1])

* Corporate alignment: Morpho Labs converted into a subsidiary of the Morpho Association (a French non-profit) so that all value accrual aligns with token-holders, eliminating equity/shareholder conflicts. ([The Defiant][3])

If you like, I can pull in current metrics (price, circulating supply, exchange listings) for MORPHO.

[1]: https://www.gate.com/th/learn/articles/what-is-morpho-protocol/4520?utm_source=chatgpt.com "What is Morpho Protocol?"

[2]: https://docs.morpho.org/learn/governance/morpho-token/?utm_source=chatgpt.com "The MORPHO token – Morpho Docs"

[3]: https://thedefiant.io/news/defi/morpho-restructures-to-align-token-value-with-company-equity?utm_source=chatgpt.com "Morpho Restructures to Align Token Value with Company Equity - \"The Defiant\""