$MORX
What lies beneath
Ten things $MORX does, and four it deliberately doesn't.
Status
Pre-launch — Moorix is not live yet. Parameters are illustrative and tunable at launch.
Numbers are illustrative and tunable at launch, not promises.
Buyback and burn with 100% of protocol fees
Every day the harbor buys $MORX on the open market: 50% is burned forever, 50% flows to stakers. A live burn counter on the homepage and a declared supply floor: 1B sinking toward 400M.
Cheaper protection while you hold
Staking lowers the risk premium on your own open positions, and you can watch the saving tick down block by block. No other perp token discounts the flagship product itself.
Vault capacity staking
1 staked $MORX opens 10 USDG of mUSDG deposit capacity. As the vault grows, more $MORX is locked away.
sMORX, the junior tranche
Staked $MORX guards the vault's tail and is paid a premium for that watch. mUSDG sleeps soundly as the senior tranche; sMORX stands the night shift and earns for it.
Collateral
$MORX is postable as margin at a conservative 50% haircut.
Full lighthouse access
Higher ranks unlock the advanced scanner, deeper alerts, raised API limits and the block desk.
Listing rights
Market Bay listing bonds payable in $MORX at a discount, with priority ticker reservation and faster oracle-class review.
Early sight
Higher ranks see new markets 24-72 hours before anyone else.
Season points
Season points convert to $MORX, boosted by rank, with retroactive sweeps that clear out sybils. Boosts run from 1.1x at Deckhand to 2x at Admiral.
Governance where it matters
Holders set:
- collateral haircuts
- the risk premium curve
- oracle class definitions
- leverage caps
- new chain integrations
- the burn/staker split
These are the parameters that decide whether the harbor holds when the storm comes.
Deliberately absent
- No perpetual emissions
- No ve-lock bribe markets
- No rebasing
- No "revenue share" that is secretly inflation