Morph's DeFi Frenzy Rewards Welcomes Concrete and LayerBank, Presenting a Temporary 7x Launch Multiplier 

Ethereum Layer 2 scaling solution Morph has announced an expansion of its decentralized finance (DeFi) Frenzy Rewards within Morph Zoo. This update features new partnerships with Concrete and LayerBank, along with a limited-time 7-day promotion, offering exciting rewards.  

Now, users can invest their assets in liquidity pools on Concrete and LayerBank via Morph's DeFi Rewards platform, joining their existing partner, BulbaSwap. Each of these platforms presents unique earning potentials: BulbaSwap grants a 2x boost, LayerBank mirrors that with a 2x multiplier, while Concrete elevates your returns with a competitive 2.6x boost. 

During the initial week—until March 3rd at 9 AM EST—contributions made to the pools at Concrete and LayerBank will benefit from a generous 7x reward multiplier. After this introductory phase concludes, the rewards will revert to the standard rates. 

Moreover, the DeFi Rewards program now encompasses a wider array of assets, including ETH, WETH, USDC, USDT, WBTC, and BGB. Some assets also feature enriched multipliers, such as pumpBTC and weETH with a 2x multiplier, and USDe offering a 2.6x boost. 

To take part in this offering, users can navigate to the DeFi Rewards section within Morph Zoo, select their desired liquidity pools, and keep their investments in place for a minimum of 24 hours to start earning rewards.  

Participants will accrue Enhanced Morph Points based on their chosen protocol and assets, the standard annual percentage rate (APR) applicable for each protocol, as well as additional specific incentives unique to each protocol.

What Is Morph Zoo?

Morph is the pioneering Ethereum Layer 2 solution that implements a hybrid scaling methodology, merging both optimistic and zero-knowledge (ZK) rollups. It harnesses a Decentralized Sequencer Network, a Responsive Validity Proof System (RVP), and a flexible architecture to deliver scalable and efficient support for Ethereum Virtual Machines (EVMs). 

Morph Zoo is a dynamic seasonal initiative aimed at making the exploration of blockchain more captivating by intertwining ecosystem discovery with genuine rewards. Unlike traditional blockchain reward programs that merely distribute tokens, Morph Zoo offers distinct themes, missions, and organized rewards for each season, crafting a more engaging experience. The program is currently in its second season. 

By transforming blockchain exploration from a mundane task into an exciting adventure, Morph Zoo has garnered impressive early engagement with millions of active users, nurtured involvement beyond mere speculation, developed a community that actively enriches the ecosystem, and demonstrated that blockchain technology can be both accessible and enjoyable.  

In harmony with its ambition of establishing a globally consumer-centric blockchain layer, Morph Zoo is envisioned as more than a mere reward program—it acts as a platform for substantial user engagement. Each season unfolds new opportunities to explore, participate, and reap benefits within the growing Morph ecosystem. Additionally, users earn Morph Points, which unlock exclusive prizes and airdrops, making early involvement both rewarding and significant.