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MIP 93 - Call for Grants

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The Morpho DAO has [voted](https://v1.snapshot.box/#/morpho.eth/proposal/0x2fe66828b94efd41a6df4dbb025d04758cbea18426f46940c0ff404dd459d501) to establish a grants pilot program. The total grants pool is 200k MORPHO for this pilot round, with a submission deadline of January 1. Grantees considering larger projects are encouraged to select a small initial scope for this pilot program, and apply again in the next grants round for follow up funding for further development. The grants apply only to future work. The Morpho Association will assist in providing technical review of grant proposals, but all decisions will be made by the Morpho DAO. After this pilot program, the DAO will consider how best to scale up the process, possibly including selecting a dedicated grants committee.

All grant applications must define objectively measurable impact metrics. Grants will be funded based on which receive the most votes, with ties broken in favor of the grant with the lower funding request. 20% of an awarded grant’s budget is paid up front, 20% paid upon the completion of the work described in the application, with the remainder based on the objective metrics defined in the grant application.

For-profit applications are acceptable, but the tools funded by grants must be open to everyone (no subscription-fee gated tools).

Applicants should use the following template when applying and post their submission in this thread. After the submission deadline has completed, the Morpho Association will allow adequate time for the community to review all grants before submitting a Snapshot vote to choose which will be funded. The template below has short form fictional example content to help guide submissions.

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**Project Title:** Morpho Borrow Optimizer

**Organization name**: Morpho Builders Collective

**Organization website and/or social media links:**

**About us + prior experience:** The Morpho Builders Collective is a group of developers building tooling in the Morpho Ecosystem, currently as a side project to our primary roles. We currently host a frontend which provides analytics about the Morpho Protocol, and are active Morpho users. (please feel free to include links to other portfolio projects here)

**Leading Contributor(s)**: OneTrueKirk (please include links to Twitter, Github, etc profiles in this section)

**Requested budget**: 100k MORPHO

**Scope of Work**: Create a tool which allows borrowers on Morpho to automatically rebalance between pools in pursuit of the lowest interest rate. The tool will enforce a max LTV, and ensure that only a whitelisted set of oracles can be used, so that borrowers cannot be wrongfully liquidated. This is suitable for users who want to take out longer term loans, whether to farm in DeFi or pay for real life expenses, while minimizing their costs. The vault will be deployed only on Base where the cost of rebalancing will be small. The vault will charge a 10 bips annual fee on AUM, which will cover the costs of rebalancing and return some revenue to the Morpho Builders collective.

**Benefit for the Morpho Ecosystem**: Borrowing on Morpho can be more complicated than protocols like Aave or Compound due to the many choices available to borrowers. Our tool would simplify this experience for borrowers who have longer term positions and a low tolerance for liquidation risk, broadening the pool of people who will use Morpho.

**Metrics**: Achieve 5M TVL using the tool

**Timeline:** Two months for development, testing, and integration into the existing Morpho Builders Collective frontend

**Future directions (optional)**: If this tool sees adoption, we would like to expand to a more sophisticated v2 which can add features like rebalancing between different stablecoin debt types to further optimize costs.