MOR Rewards Staking Implementation

Undoubtedly, the highlight of July! Introduced as a community initiative to close the negative feedback loop for capital providers and distinguish genuine contributors from short-term opportunists, the MOR Rewards Staking has evolved into a full-scale ecosystem MRC (Morpheus Request for Comments) with the goal to incentivize long-term contributors and minimizes the impact of those who bring no real value.

Contributors can now stake their MOR reward claims for future periods. By staking MOR for a set duration, Contributors receive a "Power Factor multiplier" that boosts their MOR rewards. This factor reflects the dilution rate experienced through emissions while staking MOR. In simple terms, Contributors agree to claim their rewards later but get a larger share of the reward pool now.

The Power Factor multiplier ranges from 1 to 10.7x for MOR rewards staking from 6 months to 6 years. For full details, read MRC 42.

Huge credit to community members involved in testing before the contract update. The security audit without which any update is not possible is publicly available on GitHub.

Capital providers are the first to benefit from the Power Factor, potentially boosting their rewards up to 10.7x. All actions can be performed via the official Dashboard.

For detailed information, check out FAQ or listen to the recorded AMA session.

For decentralization maxi, here's a step-by-step guide for staking directly with the Morpheus Distribution contract.

MOR Burn and Tail Emissions

Morpheus [Whitepaper](https://github.com/MorpheusAIs/Docs/blob/main/!KEYDOCS README FIRST!/WhitePaper.md) introduced a burning function to increase MOR scarcity. According to MRC 43, 50% of the MOR remaining after the Protocol Owned Liquidity generation event is locked for 16 years for Epoch 2 tail emission, and the other 50% is burned. In July, there were four PoL generation events that locked and burned an impressive 10,952 MOR, which is 1.4% of the circulating supply.

The burn address is 0x000000000000000000000000000000000000dead

Morpheus Local Smart Agent Install

It is moving full steam ahead towards the 0.0.9 release!

HideNSeek AlgorithmThis algorithm, under development for model verification, is showing promising results in distinguishing differences in model families, such as Llama from Mistral. More work will be done to differentiate model variants by parameter size and quantization. This is crucial for cost-effectively assessing decentralized compute providers' honesty. A paper and MIT-licensed code will be available in August.

GenLayer's FeedBuzzWith user opt-in, this feature will identify demand for non-existent models based on user intent, guiding agent builders on what to create and publish on the decentralized registry when live.

Chat with Documents AgentEnsures truly private conversations by enabling chat with local PDFs using local compute.

Delegating AgentDeveloped by CliffordAttractor, this enhancement will improve the Moragents UI by enabling a multi-agent framework, removing the dropdown menu.

Dive deep and learn how to contribute at Moragents GitHub.

MOR 20: A Standard for Recurring Protocol Payments and Payouts in Web3

A fundamental MOR20 paper introduces a standard for automated recurring subscription payments in Web3 environments, spanning multiple blockchains and tokens. This enables projects to receive recurring revenue streams while clients only need to set up a one-time payment authorization. Must read! Standard for Recurring Protocol Payments and Payouts in Web3.

Additionally, users can deploy and launch their own MOR20 project in a test environment with a guide by BowTiedBlueFin and share feedback in Discord.

Morpheus Multisignature Account Enhancement

As part of the path toward ever greater decentralization the Multisig has been upgraded to 5 of 9 signatures with additional key holders and back ups. The same criteria apply as before: - Key holders are Anon. - None of the key holders are from the same company, project or foundation. - Key holders are spread geographically across continents. - Key holders act as neutral experts in a non-governance function.

Morpheus Community Achievements

Community MOR BridgeDashboards Community-owned website Morlord.com launches UI for transferring MOR tokens between chains, allowing users to move MOR between Arbitrum, Base, and Ethereum with just a few clicks.

Dashboards

Thanks to the folks from the Nirmaan team, the community now has the dashboard for compute testnet stats and list of available LLM models. More functionality is coming!

@rileygmi has done a brilliant job with Dune and built MOR reward claim dashboard.

Nounspace Goes Live

MOR 20 pioneer and community-owned customizable social media platform built on the Farcaster protocol released v0 and opened it for exploration. Users can create profiles and customize their spaces with themes and fidgets (miniature applications).

Unstoppable Venice

From launching two months ago to challenging ChatGPT-4o with commitment to user privacy and decentralized principles. That’s a short description of the Venice way.

Can open-source models compete and even exceed centralized models across many metrics? They can, with Meta’s 3.1 Llama 405B that is now available for Venice Pro users!

PRO TIP: HODL one MOR to get PRO access.

Here is the full achievements list:

• Launched new text model Llama 3.1 405B for Pro users.

• Set beta Web-enabled Nous model as default.

• Enabled TOR access via Cloudflare for Venice.ai.

• Updated error messages for local storage issues.

• Fixed bug related to drag and drop of folders and conversations.

• Added FAQs to the Resources drop-down menu on Venice.ai/home.

• Released encrypted chat sharing.

• Resolved storage bloat issue in the local encrypted database.

• Launched image styles menu.

• Enabled several Pro features for all users.

• Reduced usage limits for non-Pro users.

To help Venice folks to progress even faster, share your feedback and experience using Venice with email support@venice.ai or in-app feedback function.

Interviews and Community events

**Interview for a Quarter Million People.**Check out the conversation about Decentralized AI and Morpheus between famous crypto lawyer Gordon Einstein and Morpheus contributor David Johnston.

Community EventsDecentralized AI Days in London and Brussels brought together a global community of projects and bright minds. In addition to regular participants like Morpheus, Akash, Masa AI, and Lumerin, these events welcomed G AI, Theoriq, Exabits, Filecoin Foundation, GenLayer, Story Protocol, Edge & Node, Phala Network, Hyperbolic, Nillion, and Vana.

The agenda was packed with groundbreaking discussions on decentralized AI, AI ethics, smart agents, data privacy, and productive networking opportunities.

And…the next stop is the DeAI Summit Toronto!

Click the link and reserve your seat https://lu.ma/83keh0zb

See you next month!