2026-01-09 17:37:43

Key Point Summary: Concerns about LP dilution have eased. Most liquidity providers have had their funds locked for over 3 months and still meet the eligibility requirements, so they won't be excluded due to the new adjustments. At the same time, Sushi's KAT incentives are rising, which translates into real gains for participants. Another interesting phenomenon is that most of Yearn's funds are actually flowing into the Morpho protocol, and the new policy adjustments simply formalize this existing trend. Overall, the impact of this change on current ecosystem participants is not as severe as it appears on the surface.

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RamenDeFiSurvivor

· 01-09 18:07

It's been obvious for a while that Morpho has been bleeding, and this wave of Yearn is just riding the coattails. LPs have actually been bottoming out and locking in their positions for a while; the FUD now is just funny. Only when KAT rises is it real; everything else is just clouds. It feels like another round of shakeouts, and the new retail investors are still the ones getting harvested. The folks at Yearn know exactly what their game plan is. Steady players have already made their moves; it's only natural to panic now. This logic is a bit convoluted; simply put, Morpho has won.

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SadMoneyMeow

· 01-09 17:48

Actually, this wave of correction isn't that scary; the lock-up party has been steady for a long time. The increase in KAT incentives is real, finally some tangible benefits. Yearn has already started moving towards Morpho, now it's just official recognition. It feels like the media is hyping it up as a big event, but it's actually just like that. I've long felt that flowing into Morpho is the inevitable trend, and now it's finally confirmed.

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MissingSats

· 01-09 17:44

I told you not to worry unnecessarily; most people have already locked in for over 3 months, so this wave can't really move. Wait, KAT incentives have increased? Then I need to check the earnings situation. As for Morpho taking funds from Yearn, honestly, it's just capital flowing to higher-yield places; formalizing it doesn't change that.

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zkProofInThePudding

· 01-09 17:42

A few months ago, I was worried about dilution, but now I'm relieved. The 3-month lock-up period really saved many people. The real benefit of KAT incentives is when the price rises; talking without action is just empty words. In fact, the flow from Yearn to Morpho has been happening for a while; this time, it's just making the unwritten rules official. This policy adjustment looks tough, but in reality, it doesn't have much impact on the veterans. Wait, what about those who just joined recently? They probably won't get cut, right?

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SchrodingerWallet

· 01-09 17:39

Locking in for 3 months can secure the qualification. Sushi's recent move is really good, and the KAT incentives have risen, allowing you to see real, tangible gains.

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