MorphoLabs Launches SuperFest Campaign on July 23, $8M Deposited on Base, $51M in RE7Capital Vaults, OP Rewards Available

MorphoLabs has launched its SuperFest campaign, which commenced on July 23, 2024. Since the launch, the campaign has seen $8 million deposited on the Base platform. The initiative aims to enhance the growth and adoption of Morpho Blue markets, with users able to earn OP rewards by depositing into Moonwell Flagship Vaults. Additionally, RE7Capital has introduced MetaMorpho vaults to on-chain governance, accumulating over $51 million across 17 vaults, allowing for a diverse range of collateral and supply assets on MorphoLabs Blue. The campaign encourages participation through various channels, including the use of Safe Smart Accounts for deposits into Morpho Vaults, with a notable date for action set for July 29, 2024.