Morpheus AI is developing a peer-to-peer network of AI personal assistants known as “smart agents.” Users of these open-source smart agents can connect them to their wallets, decentralized applications, and smart contracts, expanding the range of interactions AI can have with Web3.
Currently, Morpheus is in the fair launch phase for $MOR, offering farming for whales. The only way to earn coins now is by staking stETH PoS for 3 months.
67.3K stETH has already been staked.
The current yield for a 90-day period (assuming stETH remains static) from farming $MOR is:
- At a valuation of $500M – 2% on capital
- At a valuation of $1B – 4% on capital
- At a valuation of $1.5B – 5% on capital
- At a valuation of $2B – 7% on capital
- At a valuation of $2.5B – 9% on capital
Bittensor may be used as infrastructure, Autonolas as a framework (it can utilize Bittensor), and Morpheus as the interface layer, using both aforementioned components.
My strategy for Morpheus AI is to buy after the TGE. Farming is not as interesting since there are currently many more projects with yields of 30-40% annually and higher (blast, eigen, flash trade). Therefore, to increase exposure to the AI sector, a portion of the income from farming other protocols could be used to buy the token on the secondary market.