Author: Web3 Farmer Frank
On October 30, the global consumer-grade public chain Morph officially launched its mainnet. During the transition from testnet to mainnet, the community's enthusiasm remained high, with over 6 million users participating and recording over 100 million transactions.
For a public chain project that focuses on a "consumer-grade ecosystem," Morph's future token issuance and mainnet interaction activities will undoubtedly benefit community users. Therefore, this article will provide a detailed mainnet interaction guide to help both newcomers and experienced users quickly get started with ecological projects, experience them early, and gain potential airdrop opportunities.
Morph Mainnet Early Interaction Guide
For ordinary users, the first step is to configure the Morph mainnet in their wallets. Here are the steps to complete the Morph mainnet configuration in commonly used wallets:
1. Complete Morph Mainnet Configuration in Wallet
1. Bitget Wallet
Bitget Wallet integrated Morph mainnet as soon as it launched, allowing users to switch to the Morph network conveniently in the Bitget Wallet app and browser extension without manual configuration for mainnet asset management and transfers:
Open Bitget Wallet and go to the "Wallet" tab.
Click the mainnet dropdown menu and select "Add Mainnet."
Search for and select "Morph" from the list—if you need to add the testnet, you can choose "Morph Holesky."
2. MetaMask / OKX Web3 Wallet, etc.
Visit the Morph Block Explorer page and click the "Add to Wallet" button to automatically import the Chain ID and RPC URL for the Morph mainnet;
3. Manual Network Configuration
If there are compatibility issues with the "Add to Wallet" link, you can manually add the Morph mainnet using the following information:
By following the above steps, we can quickly complete the Morph mainnet configuration, facilitating subsequent application interactions within the Morph ecosystem.
2. Early Look at the Morph Mainnet Ecosystem
After the launch of the Morph mainnet, some of the native projects from the previous testnet have already migrated to the mainnet, while others are still in the migration process.
This article will explore a series of Morph applications, including DeFi, NFT, DePIN, and consumer-related projects, along with their interaction methods.
Morph Bridge is the official cross-chain bridge of Morph, allowing token cross-chain operations between Ethereum and the Morph mainnet (additionally, we can use third-party cross-chain bridges that support the Morph mainnet, such as Orbiter Finance, for cross-chain operations).
Select the token and corresponding amount, on the "Deposit" page to cross-chain ETH from Ethereum to the Morph mainnet; the "Withdraw" page does the opposite.
BulbaSwap is a liquidity protocol on the Morph mainnet, where we can use ETH and USDT that were previously cross-chained to Morph for regular Swap and Pool (adding liquidity to LP) operations.
For example, to exchange 10 USDT for ETH: first authorize the USDT contract call, and after completion, confirm the Swap, resulting in an exchange of 0.00407808 ETH.
As we can see, the fees on the Morph mainnet are currently very low, with this transaction costing less than $0.08.
Next, open the "Pool" page, click "Add V2 Liquidity," select USDT and ETH, and after entering 0.1 ETH, the corresponding amount of USDT will be automatically matched to create the LP. Finally, click "ADD LIQUIDITY" and confirm in the wallet.
To remove liquidity later, you can select the corresponding LP position in "My Positions," then click "Remove" and confirm.
Abra Finance is a money market on Morph that allows us to experience crypto asset lending similar to Aave. It has not yet migrated to the mainnet, so we will use the testnet interaction process as an example.
First, you can open the "Dashboard" page, select WETH in "Assets to supply," and then click to deposit.
Subsequently, you can enable the collateral lending feature for the deposited crypto assets (turn on the "collateral" switch), and then select other crypto assets for collateral lending on the "Assets to borrow" page.
You can also view, track, and manage your on-chain lending positions in real-time.
"Morpha.nft" is the NFT trading market on the Morph mainnet, allowing users to search for and select any NFT series for buying and selling operations.
Currently, the floor prices of various NFT series are relatively low, mostly below 0.01 ETH. Users can click on any collection, and those marked as Listed are the remaining orders from other users in that collection. Clicking on the image will take you to the NFT detail page to view attributes, holders, transaction royalties, and transaction history. On the collection page, clicking the bottom pop-up allows for quick purchases, and it also supports selecting multiple NFTs for bulk purchases.
Taking the currently highest market cap "Blind Box Miracle" as an example, we can choose any NFT listed for sale, click "Buy," and complete the purchase with a wallet signature; selling works similarly, click "Sell" to list for sale with a wallet signature.
In addition, Morpha innovatively provides free market-making tools, catering to a variety of users and facilitating NFT projects to actively market-make and maintain NFT value.
Owlto Finance is a cross-chain and liquidity exchange protocol, where the cross-chain bridge allows for cross-chain operations between Morph and other supported regional blockchains:
Select the network and corresponding token, click "Send" to cross-chain ETH from Ethereum to the Morph mainnet.
Kayak Finance is a DEX protocol that allows users to add liquidity with testnet tokens and mine KAY tokens. It has not yet migrated to the mainnet, so we will use the testnet interaction process as an example.
First, we can click on "Testing Token" in the upper right corner, sign the transaction in the wallet to obtain 100 Mock-USDT testnet tokens, and then click on "Pool" to select the liquidity pool for the "Mock USDC-Mock USDT" trading pair.
After entering 50 Mock USDC, the corresponding amount of Mock USDT will be automatically matched to create the LP. Finally, click "Deposit" and confirm in the wallet.
Standard Protocol is an order book trading DEX that allows users to trade ETH and other tokens using limit orders or market orders. It has not yet migrated to the mainnet, so we will use the testnet interaction process as an example.
For limit trading, first select the ETH/USDT trading pair, choose "Sell ETH," then enter the number of tokens you want to trade and the limit price. The exchange result will be automatically generated, and you can click "Review order" to view the order and sign to complete the transaction.
Soccersm is a prediction market where users can trade on the future prices of cryptocurrencies, sports match results, political elections, and more. It has not yet migrated to the mainnet, so we will use the testnet interaction process as an example.
First, you need to obtain your personal 5000 Balls through the faucet in the "Dashboard," and then you can choose the prediction events you want to participate in for on-chain betting.
For example, regarding the 2024 U.S. election, you can predict "Harris will be the winner of the 2024 U.S. presidential election" by choosing "Predict Elected" and "Predict Not Elected," which correspond to different odds. The total betting amount has reached 402,600 Balls.
KaBoom is a consumer-grade DeFi application based on the Telegram Mini App, where users can first select the Morph mainnet and then trade meme coins.
First, enter the Telegram Mini App, bind your email, and set a PIN code. Then select the "Morph" network, deposit ETH (by sending funds to your personal deposit address), and click boom to start quick trading with one click.
It is worth noting that on the same day the mainnet launched, Morph also partnered with TaskOn to launch a two-week mainnet exploration event called "Dwellers of the Rainforest," where users can earn rewards by exploring DApps and completing tasks.
Ordinary users can participate in specific tasks to earn rewards, including completing designated tasks (such as following social media accounts, sharing specific content, etc.). Upon successfully completing the tasks, users will receive corresponding rewards, which may include points, tokens, or other forms of incentives.
Overall, with the official launch of the Morph mainnet, the token issuance is just a "step away." For ordinary users, this means that actively participating in various activities within the Morph ecosystem not only allows for the accumulation of points but may also lay the foundation for future token airdrops.
Earlier, during the "Genesis Jungle" event, Morph clearly stated that the total points earned by users would serve as an important basis for future airdrops and exclusive rewards, making early ecological interactions particularly valuable.
At this critical time, by configuring wallets, completing interactive tasks, and continuously following ecological developments, users can gain a competitive advantage in participation. For ordinary users looking to obtain potential benefits, now is an excellent opportunity to lay out and deeply engage in the Morph ecosystem, warranting long-term attention.
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