[SIPS-057] Add Morpho to Real Yield ETH

The purpose of this forum post is to discuss the upcoming text proposal to add Morpho support to Real Yield ETH.
The proposal will be enacted by a Steward upgrade enabling the recently developed Morpho adaptor to be used in Real Yield ETH. Morpho is a peer-to-peer lending protocol built on top of Aave that offers more attractive lending and borrowing rates. The Morpho protocol itself has been extensively audited and has been gaining traction among many DeFi platforms. Morpho’s superior yields and high focus on security make it a compelling yield source for Real Yield ETH.
In particular, one of the core strategies of RYETH is leveraged staking which involves recursively staking and borrowing ETH. This strategy is highly sensitive to borrow rates. Morpho therefore represents a significant improvement for RYETH yields.

This post will be updated with links to the audit for the Morpho adaptor as well as the Morpho adaptor deployment address in the coming days.

The Morpho adaptors have been deployed at the following addresses:

The audit is available here: Sommelier A-8 | Macro Audits | The 0xMacro Library