Morphie Network Validator program

Published on: 28.02.2022

Morphie working aggressively towards Phase 2 and towards the development of Morphie Protocol — a decentralized oracle that will work under the community’s governance and ownership, eliminating the threats of data compromise at centralized oracles. They recently released the updated version of their litepaper, you can read it here: https://drive.google.com/file/d/1bTgPszhOrLX7JYo339HY_5kZi-9jUhJi

Morphie Network Node Validators

Validators are responsible for proposing and committing new blocks to the blockchain and participate in the block consensus. Validators stake their $MRFI tokens as collateral to work for the security and data integrity of the network and in exchange earn rewards. Funds staked by validators will be locked in a smart contract.

Validators will earn fees for every request by a dApp or a smart contract, after Morphie’s Mainnet Launch.

A validator node is a job that needs to be handled responsibly and one needs to be prepared with uptime, backup, HSM, attack prevention strategies, firewall security and much more!

Who all can become a Node Validator?

You can get early access to the Validator program today by staking 8,363,000 $MRFI tokens.

About Morphie Network

Morphie network, powered by the Avalanche blockchain is set to disrupt the decentralized finance sector with our community-driven ecosystem for good. Morphie network is a decentralised community driven oracle for the Avalanche ecosystem.

With a reinvigorated commitment to bringing a decentralized community- driven oracle network for the crypto industry, Morphie network is bridging the gap between the outside data sources to the blockchain ecosystem and DeFi.