On October 30, the global consumer-grade public chain Morph was officially launched on the mainnet. During the transition from testing to the mainnet, the communitys enthusiasm continued to rise, with more than 6 million users participating and recording hundreds of millions of transactions.
For a public chain project that focuses on consumer-grade ecology, Morphs future token issuance and mainnet interactive activities will undoubtedly benefit community users. Therefore, this article will provide you with a detailed mainnet interaction guide to help novices and veteran users quickly get started with ecological projects, get first-hand experience and get the opportunity for potential airdrops.
Morph Mainnet Early Access Guide
For ordinary users, first of all, they need to configure the Morph mainnet in their wallets. Here are the steps to complete the configuration of the Morph mainnet in common wallets:
1. Complete the Morph mainnet configuration in the wallet
1. Bitget Wallet
Bitget Wallet completed the integration as soon as the Morph mainnet was launched. Users can easily switch to the Morph network on the Bitget Wallet wallet app and plug-in without manual configuration to manage and transfer mainnet assets:
After opening Bitget Wallet, go to the Wallet tab.
Click the Mainnet drop-down menu and select “Add Mainnet”.
Search for and select “Morph” in the list. If you need to add a testnet, you can select “Morph Holesky”.
2. MetaMask / OKX Web3 wallet, etc.
Go to the Morph block explorer page and click the Add to Wallet button to automatically import the Chain ID and RPC URL of the Morph mainnet;
3. Manually configure the network
If you encounter compatibility issues using the Add to Wallet link, you can choose to manually add the Morph mainnet. Manual configuration requires the following information:
Through the above steps, we can quickly complete the configuration of the Morph mainnet, which will facilitate subsequent application interactions in the Morph ecosystem.
2. Morph Mainnet Ecosystem Preview
After the Morph mainnet was launched, some of the native projects on the previous testnet have been migrated to the mainnet, and some are still in the process of migration.
Therefore, this article will combine them to explore the ecosystem and interaction methods of a series of Morph applications including DeFi, NFT, DePIN, consumers, etc.
Morph Bridge
Morph Bridge is the official cross-chain bridge of Morph. Choose Morph Bridge for cross-chain operations of tokens between Ethereum and Morph mainnet (in addition, we can also use third-party cross-chain bridges that already support Morph mainnet, such as Orbiter Finance, for cross-chain operations).
Select the token and the corresponding amount, and transfer ETH from Ethereum to the Morph mainnet on the Deposit page; the Withdraw page is just the opposite.
BulbaSwap
BulbaSwap is a liquidity protocol on the Morph mainnet. We can use the ETH and USDT that were previously cross-chained to Morph to perform regular Swap and Pool (group LP to add liquidity) operations.
For example, to exchange 10 USDT for ETH: first authorize the USDT contract call, and then confirm the Swap after completion, which means it will be exchanged for 0.00407808 ETH.
It can be seen that the current fees on the Morph mainnet are extremely low, with the transaction costing less than $0.08.
Then open the Pool page, click Add V2 Liquidity, select USDT and ETH, enter 0.1 ETH, and the amount of USDT will be automatically matched to form LP. Finally, click ADD LIQUIDITY and confirm in the wallet.
If you want to remove liquidity later, you can select the corresponding LP position in My Positions, then click Remove and confirm.
Abra Finance
Abra Finance is a money market on Morph that allows us to get a similar crypto asset lending experience as Aave and others. It has not yet been migrated to the mainnet, so we will temporarily use the testnet interaction process as an example.
First, you can open the Dashboard page, select WETH in Assets to supply, and then click Deposit.
You can then enable the collateral lending function 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.
At the same time, you can view, track and manage your on-chain lending positions in real time.
Morpha.nft
Morpha.nft is the NFT trading market on the Morph mainnet, allowing users to search, select any NFT series, and conduct buying and selling operations.
Currently, the floor price of each series of NFTs is relatively low, mostly below 0.01 ETH. Users can click on any collection. The ones marked with the Listed label are the orders of other users under this collection. Click on the picture to enter the details page of this NFT to view the properties, holders, transaction royalties and transaction history, etc. Click the pop-up at the bottom of the collection page to complete a quick purchase. It also supports selecting multiple NFTs for batch purchase.
Taking Blind Box Miracle, which has the highest total market value at present, as an example, we can select any NFT for sale and click the Bug wallet signature to complete the purchase; the same goes for selling, click the Sell wallet signature to place an order for sale.
In addition, Morpha has pioneered the use of free market-making tools, which can meet the needs of more different types of users and facilitate NFT projects to complete active market making and maintain the value of NFT.
Owlto Finance
Owlto Finance is a cross-chain and liquidity exchange protocol, where the cross-chain bridge allows cross-chain operations between Morph and other supported blockchains:
Select the network and corresponding token, and click “Send” to cross-chain ETH from Ethereum to the Morph mainnet.
Kayak Finance
Kayak Finance is a DEX protocol that can use testnet tokens to add liquidity and mine KAY tokens. It has not yet been migrated to the mainnet, so the testnet interaction process will be used as an example for the time being.
We can first click Testing Token in the upper right corner, sign and send a transaction in the wallet to obtain the test network token - 100 Mock-USDT, and then click Pool and select the liquidity pool of the Mock USDC-Mock USDT trading pair.
After entering 50 Mock USDC, the number of Mock USDT will be automatically matched to form LP. Finally, click Deposit and confirm in the wallet.
Standard Protocol
Standard Protocol is an order book trading DEX that allows users to trade tokens such as ETH in the form of limit orders/market orders. It has not yet been migrated to the mainnet, so the interaction process of the testnet is temporarily used as an example.
Taking limit trading as an example, you can first select the ETH/USDT trading pair, select Sell ETH, then enter the number of tokens you want to trade and the order price, automatically obtain the exchange result, and click Review order to view the order and sign to complete the transaction.
Soccersm
Soccersm is a prediction market for future tradable cryptocurrency prices, sports match results, political elections, etc. It has not yet been migrated to the mainnet, so the interaction process of the testnet is temporarily used as an example.
First, you need to get your own 5,000 Balls through the faucet in the Dashboard, and then you can choose the prediction event you want to participate in to place on-chain bets.
Taking the 2024 US presidential election-related Harris will become the winner of the 2024 US presidential election as an example, choosing predict to be elected and predict to lose corresponds to different odds, and the total betting amount has now reached 402,600 Balls.
KaBoom
KaBoom is a consumer-grade DeFi application based on Telegram Mini App. Users can first choose 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 (deposit funds to the corresponding personal deposit address), and click boom to start one-click quick trading.
It is worth noting that on the same day as the mainnet was launched, Morph also cooperated with TaskOn to launch a half-month mainnet exploration event called Dwellers of the Rainforest , where you can win rewards by exploring DApps and completing tasks.
Ordinary users can participate in specific tasks to obtain rewards, including completing designated tasks (such as following social media accounts, forwarding specific content, etc.). After successfully completing the task, the user will receive corresponding rewards, which may include points, tokens or other forms of incentives.
In general, with the official launch of the Morph mainnet, token issuance is just around the corner. For ordinary users, this means that actively participating in various activities within the Morph ecosystem can not only accumulate points, but also lay the foundation for future token airdrops.
As early as during the Genesis Jungle event, Morph had made it clear that the total points obtained by users will serve as an important basis for the distribution of airdrops and exclusive rewards in the future, so early ecological interactions are particularly valuable.
During this critical period, users can take the lead in participating by configuring wallets, completing interactive tasks, and continuously paying attention to ecological dynamics. For ordinary users who hope to obtain potential benefits, now is an excellent opportunity to lay out and deeply participate in the Morph ecosystem, which deserves long-term attention.
