https://github.com/morpho-org/legacy-morpho-token
Morpho token contracts.
https://github.com/morpho-org/legacy-morpho-token
Last synced: over 1 year ago
JSON representation
Morpho token contracts.
- Host: GitHub
- URL: https://github.com/morpho-org/legacy-morpho-token
- Owner: morpho-org
- License: agpl-3.0
- Created: 2022-06-15T06:47:54.000Z (almost 4 years ago)
- Default Branch: main
- Last Pushed: 2024-12-06T09:46:28.000Z (over 1 year ago)
- Last Synced: 2024-12-06T10:31:15.186Z (over 1 year ago)
- Language: Solidity
- Homepage:
- Size: 810 KB
- Stars: 14
- Watchers: 9
- Forks: 1
- Open Issues: 1
-
Metadata Files:
- Readme: README.md
- License: LICENSE
- Audit: audits/Morpho_Omniscia.pdf
Awesome Lists containing this project
README
# Legacy Morpho Token
> [!IMPORTANT]
> This token is now deprecated. The Morpho Token has been redeployed with new features allowing onchain governance (see https://github.com/morpho-org/morpho-token).
>
> Holders of the legacy token can wrap it for the new one (more information in [the docs](https://docs.morpho.org/governance/morpho-token/overview/#legacy-and-wrapped-morpho)). The legacy token will stay non-transferable forever to avoid mistakes.
The Morpho Token contract inherits the semi-transferable token pattern built by [@adhusson](https://github.com/adhusson), a contributor of Morpho DAO and a core contributor of Mangrove DAO. Please, refer to the [semi-transferable repository](https://github.com/morpho-dao/semitransferable-token) to learn more about its functionalities and specificities.
## Morpho token’s lifecycle
The Morpho token’s lifecycle can be split into three main stages. Note that token holders can burn their tokens at any stage.
### 1. Token deployment and minting
The Morpho Association (ADDMO) has deployed the Morpho Token and minted 200 million tokens. It then transferred the ownership of the Token Contract to the Morpho DAO, which minted 800 million tokens. At this point, the token is non-transferable by default.
### 2. Transferability whitelisting
The DAO can decide on contracts that will be allowed to transfer tokens. For example, these allowed contracts could be handling Morpho token distributions like the `RewardsDistributor` and the `IncentivesVault` directly built in the [morpho-core-v1](https://github.com/morphodao/morpho-core-v1) repository.
### 3. Fully transferable
The Morpho DAO can then decide to allow anyone to transfer freely their tokens by setting:
```solidity
token.setPublicCapability(Token.transfer.selector, true);
token.setPublicCapability(Token.transferFrom.selector, true);
```
## Setup
After cloning the repo, run:
```bash
git submodule update --init --recursive
```
Tests can be run using:
```bash
forge test
```
## Audits
The [semi-transferable repository](https://github.com/mangrovedao/semitransferable-token) has been audited by Omniscia. The audit report can be found [here](https://omniscia.io/morpho-specialized-token/) or in this file [Morpho_Omniscia](./audits/Morpho_Omniscia.pdf).