{"title":"June Update: Next Invites, Position Fixes, and 13k Trades","slug":"june-update-2020","author":{"ID":165916907,"login":"denis6d40b9c50d","email":false,"name":"Denis Bykov","first_name":"Denis","last_name":"Bykov","nice_name":"denis6d40b9c50d","URL":"http://morpherhome.wordpress.com","avatar_URL":"https://0.gravatar.com/avatar/3fddb4041c7db990302762cab1b0420aa9886a766b963134344716b1e689e5f0?s=96&d=identicon&r=G","profile_URL":"https://en.gravatar.com/denis6d40b9c50d","ip_address":false,"site_ID":165274803,"site_visible":true},"featured_image":"https://morpherhome.files.wordpress.com/2020/07/june_2020_update_m.jpg","date":"2020-07-03T13:28:04+00:00","alt":"Morpher monthly June update with mockup image of office space.","ld":"","content":"\n<p>Happy summer everyone. Hope the covid situation is under control in your area and you can enjoy the summer weather. Vienna has been sunny but rainy, so our team has stayed in and gotten quite a bit done. Here&#8217;s what happened in June and what to expect in July:</p>\n\n\n\n<h2 class=\"wp-block-heading\">Trading Invitations</h2>\n\n\n\n<p>So far 10,000 users have been invited to trade on Morpher. The gradual onboarding has been great for solving issues quickly and continuing to build the best product possible.</p>\n\n\n\n<p><strong>Some quick stats:</strong></p>\n\n\n\n<ul>\n<li>Over 13,000 trades</li>\n\n\n\n<li>Across 300 different markets</li>\n\n\n\n<li>Average leverage of 4x</li>\n\n\n\n<li>16 million tokens redeemed</li>\n\n\n\n<li>Users from 120 countries</li>\n</ul>\n\n\n\n<h3 class=\"wp-block-heading\">Next Invites 📨</h3>\n\n\n\n<p>Those of you patiently waiting don&#8217;t have to wait much longer, we&#8217;re vetting the next batch of 10,000 invites to send next week. Thousands more invites will send out a week after that.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Redeemed Amount &lt; Rewards</h3>\n\n\n\n<p>Common question that comes up: why is my redemption amount less than tokens earned? Good question. If you referred a friend that we haven&#8217;t invited yet, we will pause your token bonus until we can finally invite your friend to trade. This will become automatic soon, allowing you to claim all your additional rewards with one click.</p>\n\n\n\n<h2 class=\"wp-block-heading\">Exchange Listing</h2>\n\n\n\n<p>If you&#8217;ve seen the roadmap, you&#8217;ll notice we&#8217;re behind schedule on exchange listings. Lots of progress will be made in July, but this is a process that takes time. The lack of an exchange listing is also delaying the availability of deposits/withdrawals. On the bright side, we&#8217;ll publish our official white paper soon &#8211; stay tuned!</p>\n\n\n\n<h2 class=\"wp-block-heading\">Fixes &amp; Upgrades</h2>\n\n\n\n<p>Quite a few stability improvements in the background and a few UI &amp; feature improvements.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Liquidation Notifications 📉</h3>\n\n\n\n<p>You can now see any positions that were liquidated (went bankrupt) in the History page. They&#8217;ll be tagged as liquidated in the status column. If visit the market that was liquidated, we leave a note so you won&#8217;t be left wondering why your position disappeared. Starting next week we will send an email notification for all liquidations with some extra details.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Improved Search 🔎</h3>\n\n\n\n<p>It&#8217;s much easier to find the market you want with complete search results. Search also now favors market symbols over names, so you can find the exact market you want even faster.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Position Value Bugs Squashed</h3>\n\n\n\n<p>You all really love leverage, which is great in moderation. We discovered a bug where doubling down on a position with different leverage amounts wouldn&#8217;t always update correctly. This has been resolved, no more weird values when you change leverage with new trades.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Claim Process Improved</h3>\n\n\n\n<p>Our virtual sidechain ETH faucet ran out on some signups. That&#8217;s been ironed out, making claims much smoother for future signups.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Data Processing Improvements</h3>\n\n\n\n<p>Data quality is something we constantly improve in the background. In the latest batch of improvements we have much smarter market pausing. If you ever noticed a commodity or index paused on a weekend, you&#8217;ll be glad to know that won&#8217;t happen anymore &#8211; 24/7 trading only!</p>\n\n\n\n\n\n\n\n\n\n\n\n<p></p>\n","categories":{"news-and-updates":{"name":"News and Updates","slug":"news-and-updates"},"nfts":{"name":"NFTs","slug":"nfts"},"technical-analysis":{"name":"Technical Analysis","slug":"technical-analysis"},"trading":{"name":"Trading","slug":"trading"},"watches":{"name":"Watches","slug":"watches"}},"relatedPosts":[{"ID":1267,"site_ID":165274803,"author":{"ID":230619493,"login":"timmrohw","email":false,"name":"Timm Rohweder","first_name":"Timm","last_name":"Rohweder","nice_name":"timmrohw","URL":"","avatar_URL":"https://2.gravatar.com/avatar/b7e18ef9a6443869b05a270c47b27eac7ea7ce12f0af3122eba923d3596097a1?s=96&d=identicon&r=G","profile_URL":"https://en.gravatar.com/timmrohw","ip_address":false,"site_ID":165274803,"site_visible":true},"date":"2023-01-17T09:34:54+00:00","modified":"2023-01-17T14:40:12+00:00","title":"New Assets on Morpher Jan &#8217;23","URL":"http://morpher.home.blog/2023/01/17/new-assets-on-morpher-january-2023/","short_URL":"https://wp.me/pbbtwD-kr","content":"\n<p>Attention all traders!</p>\n\n\n\n<p>We are excited to announce that <a href=\"https://www.morpher.com/trade/list/recently-added\">new assets</a> are now available for trading on Morpher. This includes a wide range of recently IPO’d stocks, community requested cryptocurrencies, and a new index.</p>\n\n\n\n<p>With the addition of these new assets, you now have even more opportunities to trade and invest in the markets.</p>\n\n\n\n<p>We frequently check <a href=\"https://discord.gg/SqGtttFX\">our community on Discord</a> (don&#8217;t forget to check it out if you haven&#8217;t already) for new market suggestions and expanded our tradable markets to include the best of them. Check out the full list below along with some of our favourites.</p>\n\n\n\n<h2 class=\"wp-block-heading\">Crypto</h2>\n\n\n\n<p>It seems like everyone is talking about &#8220;the Metaverse,&#8221; but whether it will be the next big thing and change our lives forever is up for debate. This December, we are introducing two new projects that aim to shape the Metaverse and how we use it.</p>\n\n\n\n<p>The first project is <a href=\"https://www.morpher.com/trade/crypto/SAND\">The Sandbox ($SAND)</a>, where companies like Care Bears and Playboy own virtual estates where they plan to entertain users in the future. The Sandbox launched Alpha Season 3 in August 2022, and development is ongoing, with new companies working on their own plots of land and creating games, shopping experiences, concerts, and more.</p>\n\n\n\n<p>The second project is <a href=\"https://www.morpher.com/trade/crypto/MANA\">Decentraland ($MANA)</a>, a combination of virtual reality, augmented reality, and the internet where users can come together to socialize, experience fashion week, listen to concerts, or play games. Decentraland&#8217;s path is governed by its users through its decentralized autonomous organization, and holders of MANA can vote on the game and the organization&#8217;s policies to decide its future.</p>\n\n\n\n<h2 class=\"wp-block-heading\">Stocks</h2>\n\n\n\n<p>With this update, we are adding many new companies with interesting profiles. This allows you to access a wider range of investment opportunities. Having a diverse range of stocks to choose from can help you diversify your portfolio and potentially improve chances of achieving your investment goals.</p>\n\n\n\n<p>As a retail investor, it can be difficult to gain exposure to venture capital, public equity, and debt investments. However, with <a href=\"https://www.morpher.com/trade/stock/TPG\">TPG ($TPG)</a>, a global asset manager with over $135 billion in assets, you can easily get access to this market.</p>\n\n\n\n<p>If you are interested in the potential of new technology to improve healthcare, we encourage you to learn more about <a href=\"https://www.morpher.com/trade/stock/PRME\">Prime Medicine ($PRME)</a>. Prime Medicine uses Prime Editing, a next-generation gene editing approach that they believe can address the genetic cause of disease and potentially provide patients with long-lasting cures. Prime Editing searches to find the precise place in the genome to edit and replaces the segment of faulty DNA with a correct copy of DNA. We invite you to dive deep and learn more about this exciting company and the impact they may have on the healthcare industry.</p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><em>The full list of new markets</em></strong></h3>\n\n\n\n<ul>\n<li><strong>AEX &#8211; Amsterdam Exchange Index</strong></li>\n\n\n\n<li><strong>AMLX &#8211; Amylyx Pharmaceuticals</strong></li>\n\n\n\n<li><strong>APE &#8211; ApeCoin</strong></li>\n\n\n\n<li><strong>APT &#8211; Aptos</strong></li>\n\n\n\n<li><strong>BLCO &#8211; Bausch + Lomb</strong></li>\n\n\n\n<li><strong>CINC &#8211; CinCor Pharma</strong></li>\n\n\n\n<li><strong>CRBG &#8211; Corebridge Financial</strong></li>\n\n\n\n<li><strong>CRDO &#8211; Credo Technology Group</strong></li>\n\n\n\n<li><strong>EE &#8211; Excelerate Energy</strong></li>\n\n\n\n<li><strong>FNV &#8211; Franco-Nevada Corp.</strong></li>\n\n\n\n<li><strong>ICP &#8211; Internet Computer</strong></li>\n\n\n\n<li><strong>MANA &#8211; Decentraland</strong></li>\n\n\n\n<li><strong>MBLY &#8211; Mobileye Global</strong></li>\n\n\n\n<li><strong>PRME &#8211; Prime Medicine</strong></li>\n\n\n\n<li><strong>SAND &#8211; The Sandbox</strong></li>\n\n\n\n<li><strong>TPG &#8211; TPG</strong></li>\n</ul>\n\n\n\n<h2 class=\"wp-block-heading\">How do we decide which markets to add?</h2>\n\n\n\n<p>We are looking to our <a href=\"https://discord.gg/SqGtttFX\">community</a> to find out which stocks or markets you want to see on Morpher. The best way to let us know your preferences is to <a href=\"https://discord.gg/SqGtttFX\">join our Discord</a> and post a request in the &#8220;new-markets&#8221; channel. We value your feedback and want to provide you with the markets you want to trade.</p>\n\n\n\n<p>Just like you, we are passionate about financial markets, and we often add markets that we would like to see traded on Morpher. However, we can&#8217;t just add any market (at least not yet) and prioritize markets with more liquidity, stable price action, and consistent data. This ensures that you get an accurate representation of the markets in your portfolio.</p>\n\n\n\n\n\n\n\n<pre class=\"wp-block-preformatted\"><strong>Disclaimer:</strong> All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. This post does not constitute investment advice.</pre>\n","excerpt":"<p>We are excited to announce that new assets are now available for trading on Morpher. This includes a wide range of recently IPO’d stocks, community requested cryptocurrencies, and a new index. With the addition of these new assets, you now have even more opportunities to trade and invest in the markets.</p>\n","slug":"new-assets-on-morpher-january-2023","guid":"https://morpher.home.blog/?p=1267","status":"publish","sticky":false,"password":"","parent":false,"type":"post","comments_open":false,"pings_open":false,"likes_enabled":true,"sharing_enabled":true,"comment_count":0,"like_count":0,"i_like":false,"is_reblogged":false,"is_following":false,"global_ID":"3d35688d70f191ed4a49c0be431075da","featured_image":"https://morpherhome.files.wordpress.com/2023/01/new_markets_01_23_m.png","post_thumbnail":{"ID":1349,"URL":"https://morpherhome.files.wordpress.com/2023/01/new_markets_01_23_m.png","guid":"http://morpherhome.files.wordpress.com/2023/01/new_markets_01_23_m.png","mime_type":"image/png","width":1200,"height":1200},"format":"standard","geo":false,"menu_order":0,"publicize_URLs":[],"tags":{},"categories":{"News and Updates":{"ID":15428,"name":"News and Updates","slug":"news-and-updates","description":"","post_count":9,"feed_url":"http://morpher.home.blog/category/news-and-updates/feed/","parent":0,"meta":{"links":{"self":"https://public-api.wordpress.com/rest/v1/sites/165274803/categories/slug:news-and-updates","help":"https://public-api.wordpress.com/rest/v1/sites/165274803/categories/slug:news-and-updates/help","site":"https://public-api.wordpress.com/rest/v1/sites/165274803"}}}},"attachments":{"1273":{"ID":1273,"URL":"https://morpherhome.files.wordpress.com/2023/01/blog-post01-update.png","guid":"http://morpherhome.files.wordpress.com/2023/01/blog-post01-update.png","mime_type":"image/png","width":2000,"height":2000},"1275":{"ID":1275,"URL":"https://morpherhome.files.wordpress.com/2023/01/blog-post01-update-1.png","guid":"http://morpherhome.files.wordpress.com/2023/01/blog-post01-update-1.png","mime_type":"image/png","width":1200,"height":1200},"1292":{"ID":1292,"URL":"https://morpherhome.files.wordpress.com/2023/01/new_markets_01_23.png","guid":"http://morpherhome.files.wordpress.com/2023/01/new_markets_01_23.png","mime_type":"image/png","width":1200,"height":1200},"1349":{"ID":1349,"URL":"https://morpherhome.files.wordpress.com/2023/01/new_markets_01_23_m.png","guid":"http://morpherhome.files.wordpress.com/2023/01/new_markets_01_23_m.png","mime_type":"image/png","width":1200,"height":1200}},"metadata":[{"id":"1535","key":"_thumbnail_id","value":"1349"}],"meta":{"links":{"self":"https://public-api.wordpress.com/rest/v1/sites/165274803/posts/1267","help":"https://public-api.wordpress.com/rest/v1/sites/165274803/posts/1267/help","site":"https://public-api.wordpress.com/rest/v1/sites/165274803","replies":"https://public-api.wordpress.com/rest/v1/sites/165274803/posts/1267/replies/","likes":"https://public-api.wordpress.com/rest/v1/sites/165274803/posts/1267/likes/"}},"current_user_can":{"publish_post":false,"delete_post":false,"edit_post":false},"capabilities":{"publish_post":false,"delete_post":false,"edit_post":false}},{"ID":1169,"site_ID":165274803,"author":{"ID":165916907,"login":"denis6d40b9c50d","email":false,"name":"Denis Bykov","first_name":"Denis","last_name":"Bykov","nice_name":"denis6d40b9c50d","URL":"http://morpherhome.wordpress.com","avatar_URL":"https://0.gravatar.com/avatar/3fddb4041c7db990302762cab1b0420aa9886a766b963134344716b1e689e5f0?s=96&d=identicon&r=G","profile_URL":"https://en.gravatar.com/denis6d40b9c50d","ip_address":false,"site_ID":165274803,"site_visible":true},"date":"2021-11-23T08:58:38+00:00","modified":"2023-02-28T09:48:19+00:00","title":"Revamped Deposits, New IPOs, and SHIB 🐕","URL":"http://morpher.home.blog/2021/11/23/deposits-ipos-and-shib/","short_URL":"https://wp.me/pbbtwD-iR","content":"\n<p>We&#8217;re happy to announce some great new markets and features added to Morpher. Finally, there are new ways to fund your account that work great across the world with bank or card. Russian users also have reason to rejoice: we&#8217;ve added native language support and our new funding methods support Mir Card, YooMoney, and Sberbank. By popular demand, SHIB is here along with some great new stocks and cryptos. Let&#8217;s unpack all the new goodies in this update.</p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"new-deposit-methods\">New Deposit Methods</h2>\n\n\n\n<p>Funding is key part of enabling financial success. Just trading with airdrop funds makes it hard to reach your investment goals. Our new deposit flow is reliable, globally available, and offers dozens of different payment methods.</p>\n\n\n\n<p>Why the emphasis on reliability? It turns out payment processing in crypto is tough. Lots of banks and card companies reject crypto related transactions. Many of you already experienced this frustration when trying to fund your Morpher account. Our first payment solution was added over a year ago, and here&#8217;s how it performed:</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img data-attachment-id=\"1204\" data-permalink=\"http://morpher.home.blog/2021/11/23/deposits-ipos-and-shib/failed_cards_country/\" data-orig-file=\"https://morpherhome.files.wordpress.com/2021/11/failed_cards_country.png\" data-orig-size=\"600,371\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"failed_cards_country\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https://morpherhome.files.wordpress.com/2021/11/failed_cards_country.png?w=300\" data-large-file=\"https://morpherhome.files.wordpress.com/2021/11/failed_cards_country.png?w=600\" loading=\"lazy\" width=\"600\" height=\"371\" src=\"https://morpherhome.files.wordpress.com/2021/11/failed_cards_country.png?w=600\" alt=\"Morpher account funding failure rate global map.\" class=\"wp-image-1204\" srcset=\"https://morpherhome.files.wordpress.com/2021/11/failed_cards_country.png 600w, https://morpherhome.files.wordpress.com/2021/11/failed_cards_country.png?w=150 150w, https://morpherhome.files.wordpress.com/2021/11/failed_cards_country.png?w=300 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" /><figcaption class=\"wp-element-caption\">Card payment failure rates by country. Darker red means higher failure rate.</figcaption></figure></div>\n\n\n<p>A whopping 90% overall failure rate and a pretty blank world map&#8230;needless to say that solution wasn&#8217;t working. So the key focus with our new payment partners has been success rates and global availability. Now you can pay by card directly, or indirectly with Google Pay, Apple Pay, SEPA, Wire Transfer, Binance, Western Union, Moneygram, Alipay, Payoneer and more! With expanded global support we&#8217;ve also increased the available currencies to Brazilian Real, Russian Ruble, British Pound, Turkish lira and others.</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img data-attachment-id=\"1218\" data-permalink=\"http://morpher.home.blog/new_deposit_methods-3/\" data-orig-file=\"https://morpherhome.files.wordpress.com/2021/11/new_deposit_methods-3.gif\" data-orig-size=\"479,506\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"new_deposit_methods-3\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https://morpherhome.files.wordpress.com/2021/11/new_deposit_methods-3.gif?w=284\" data-large-file=\"https://morpherhome.files.wordpress.com/2021/11/new_deposit_methods-3.gif?w=479\" loading=\"lazy\" width=\"479\" height=\"506\" src=\"https://morpherhome.files.wordpress.com/2021/11/new_deposit_methods-3.gif?w=479\" alt=\"New funding flow in Morpher trading app.\" class=\"wp-image-1218\" srcset=\"https://morpherhome.files.wordpress.com/2021/11/new_deposit_methods-3.gif 479w, https://morpherhome.files.wordpress.com/2021/11/new_deposit_methods-3.gif?w=142 142w, https://morpherhome.files.wordpress.com/2021/11/new_deposit_methods-3.gif?w=284 284w\" sizes=\"(max-width: 479px) 100vw, 479px\" /></figure></div>\n\n\n<p>We know deposits are only half the battle, you need great withdrawal methods too. Luckily we might use our new payment partners for withdrawals as well, but we have to wait and see how well deposits work first.</p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"morpher-is-now-in-russian-всем-привет\">Morpher is now in Russian! Всем привет 🇷🇺</h2>\n\n\n\n<p>Our team is focused on creating the best experience possible for our users. To better serve Russian traders, we&#8217;ve natively translated the trading app, DEX, website, and wallet. Many support articles are already in Russian as well, with more being added daily. For maximum quality these translations are maintained by dedicated members on our team. Get acquainted with our Russian team on VK and <a rel=\"noreferrer noopener\" href=\"https://discord.gg/DaY2hUBWRr\" target=\"_blank\">Discord</a>.</p>\n\n\n\n<p>Want your language supported next? <a href=\"https://discord.gg/CBxuAhPSCj\" target=\"_blank\" rel=\"noreferrer noopener\">Let us know!</a></p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"shiba-inu-and-top-cryptos\">Shiba Inu and Top Cryptos</h2>\n\n\n\n<p>Shiba Inu coin (<a href=\"https://www.morpher.com/trade/crypto/SHIB\" target=\"_blank\" rel=\"noreferrer noopener\">$SHIB</a>) is here! We know you&#8217;re excited about this one since you requested it the most. SHIB may be a meme token, but it&#8217;s market cap and impact is no joke. Take your HODLing to the next level with 10x leverage positions. Or hedge against a crypto bear market by short selling.</p>\n\n\n\n<p>Another amazing cryptocurrency added to Morpher is Axie Infinity shards (<a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/crypto/AXS\" target=\"_blank\">$AXS</a>). Axie Infinity has <a rel=\"noreferrer noopener\" href=\"https://www.theverge.com/2021/10/13/22725083/axie-infinity-sky-mavis-blockchain-economy-game-pokemon\" target=\"_blank\">revolutionized gaming</a>, making it an amazing way to generate income. Two more coins we thought were worthy of listing: Chiliz (<a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/crypto/CHZ\" target=\"_blank\">$CHZ</a>) and Helium (<a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/crypto/HNT\" target=\"_blank\">$HNT</a>).</p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"rivian-and-ipos\">Rivian and IPOs</h2>\n\n\n\n<p>This year has been chock-full of exciting companies finally going public. We&#8217;ve combed through the list of recent IPOs and your market requests to add 13 new US stocks.</p>\n\n\n\n<p>We&#8217;ve added noteworthy tech companies that went from startup unicorns to public companies:</p>\n\n\n\n<ul>\n<li>Robinhood (<a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/stock/HOOD\" target=\"_blank\">$HOOD</a>)</li>\n\n\n\n<li>Duolingo (<a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/stock/DUOL\" target=\"_blank\">$DUOL</a>)</li>\n\n\n\n<li>Amplitude (<a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/stock/AMPL\" target=\"_blank\">$AMPL</a>)</li>\n\n\n\n<li>Gitlab (<a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/stock/GTLB\" target=\"_blank\">$GTLB</a>)</li>\n\n\n\n<li>Freshworks (<a href=\"https://www.morpher.com/trade/stock/FRSH\" target=\"_blank\" rel=\"noreferrer noopener\">$FRSH</a>)</li>\n</ul>\n\n\n\n<p>Rivian (<a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/stock/RIVN\" target=\"_blank\">$RIVN</a>) had an incredible IPO becoming one of the foremost automakers in the world (at least by market cap). And we&#8217;ve added Lucid Motors (<a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/stock/LCID\" target=\"_blank\">$LCID</a>), while not a blockbuster IPO, they have an attractive EV designed by former Tesla engineers. Round out your EV investment portfolio with our existing electric car stocks like <a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/stock/TSLA\" target=\"_blank\">$TSLA</a>, <a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/stock/NKLA\" target=\"_blank\">$NKLA</a>, and <a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/stock/RIDE\" target=\"_blank\">$RIDE</a>.</p>\n\n\n\n<p>Finally, we added brand favorites requested by you like Crocs (<a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/stock/CROX\" target=\"_blank\">$CROX</a>) and Avis Car Rentals (<a rel=\"noreferrer noopener\" href=\"https://www.morpher.com/trade/stock/CAR\" target=\"_blank\">$CAR</a>).</p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" />\n\n\n\n<p>Request your favorite market on <a rel=\"noreferrer noopener\" href=\"https://discord.gg/V26JvPSMWq\" target=\"_blank\">Discord</a>.</p>\n\n\n\n\n","excerpt":"<p>Trade Shiba Inu, Rivian, and Robinhood with 10x leverage and shorting. New deposit methods: fund your account by card, wire or Sberbank.</p>\n","slug":"deposits-ipos-and-shib","guid":"https://morpher.home.blog/?p=1169","status":"publish","sticky":false,"password":"","parent":false,"type":"post","comments_open":false,"pings_open":false,"likes_enabled":true,"sharing_enabled":true,"comment_count":0,"like_count":0,"i_like":false,"is_reblogged":false,"is_following":false,"global_ID":"65d95b6a2fd92c8a06de645da4bfbf7d","featured_image":"https://morpherhome.files.wordpress.com/2021/11/shib_funding_m.jpg","post_thumbnail":{"ID":1299,"URL":"https://morpherhome.files.wordpress.com/2021/11/shib_funding_m.jpg","guid":"http://morpherhome.files.wordpress.com/2021/11/shib_funding_m.jpg","mime_type":"image/jpeg","width":840,"height":840},"format":"standard","geo":false,"menu_order":0,"publicize_URLs":[],"tags":{},"categories":{"News and Updates":{"ID":15428,"name":"News and Updates","slug":"news-and-updates","description":"","post_count":9,"feed_url":"http://morpher.home.blog/category/news-and-updates/feed/","parent":0,"meta":{"links":{"self":"https://public-api.wordpress.com/rest/v1/sites/165274803/categories/slug:news-and-updates","help":"https://public-api.wordpress.com/rest/v1/sites/165274803/categories/slug:news-and-updates/help","site":"https://public-api.wordpress.com/rest/v1/sites/165274803"}}}},"attachments":{"1194":{"ID":1194,"URL":"https://morpherhome.files.wordpress.com/2021/11/shib_and_deposits.jpg","guid":"http://morpherhome.files.wordpress.com/2021/11/shib_and_deposits.jpg","mime_type":"image/jpeg","width":3840,"height":2160},"1204":{"ID":1204,"URL":"https://morpherhome.files.wordpress.com/2021/11/failed_cards_country.png","guid":"http://morpherhome.files.wordpress.com/2021/11/failed_cards_country.png","mime_type":"image/png","width":600,"height":371},"1208":{"ID":1208,"URL":"https://morpherhome.files.wordpress.com/2021/11/shib_funding.png","guid":"http://morpherhome.files.wordpress.com/2021/11/shib_funding.png","mime_type":"image/png","width":2400,"height":2400},"1297":{"ID":1297,"URL":"https://morpherhome.files.wordpress.com/2023/01/2021.11.23_2.jpg","guid":"http://morpherhome.files.wordpress.com/2023/01/2021.11.23_2.jpg","mime_type":"image/jpeg","width":420,"height":259},"1299":{"ID":1299,"URL":"https://morpherhome.files.wordpress.com/2021/11/shib_funding_m.jpg","guid":"http://morpherhome.files.wordpress.com/2021/11/shib_funding_m.jpg","mime_type":"image/jpeg","width":840,"height":840}},"metadata":[{"id":"1412","key":"_thumbnail_id","value":"1299"}],"meta":{"links":{"self":"https://public-api.wordpress.com/rest/v1/sites/165274803/posts/1169","help":"https://public-api.wordpress.com/rest/v1/sites/165274803/posts/1169/help","site":"https://public-api.wordpress.com/rest/v1/sites/165274803","replies":"https://public-api.wordpress.com/rest/v1/sites/165274803/posts/1169/replies/","likes":"https://public-api.wordpress.com/rest/v1/sites/165274803/posts/1169/likes/"}},"current_user_can":{"publish_post":false,"delete_post":false,"edit_post":false},"capabilities":{"publish_post":false,"delete_post":false,"edit_post":false}},{"ID":1048,"site_ID":165274803,"author":{"ID":165916907,"login":"denis6d40b9c50d","email":false,"name":"Denis Bykov","first_name":"Denis","last_name":"Bykov","nice_name":"denis6d40b9c50d","URL":"http://morpherhome.wordpress.com","avatar_URL":"https://0.gravatar.com/avatar/3fddb4041c7db990302762cab1b0420aa9886a766b963134344716b1e689e5f0?s=96&d=identicon&r=G","profile_URL":"https://en.gravatar.com/denis6d40b9c50d","ip_address":false,"site_ID":165274803,"site_visible":true},"date":"2021-10-05T07:13:09+00:00","modified":"2023-02-28T09:48:25+00:00","title":"Thanks a Million","URL":"http://morpher.home.blog/2021/10/05/thanks-a-million/","short_URL":"https://wp.me/pbbtwD-gU","content":"\n<p>We recently passed over one million trades on Morpher! What a milestone, it feels like yesterday we decided to start this crazy journey back in April 2018. I want to take this chance to zoom out: celebrate our progress a bit while sharing what I&#8217;m excited for in the future.</p>\n\n\n\n<h2 class=\"wp-block-heading\">Celebrating 1 million trades 🎉</h2>\n\n\n\n<p>Can you guess what the millionth trade was? It was 122 MPH spent on buying Gold ($XAU) with a leverage of 7. I think this trade exemplifies what we built Morpher for. Taking a big bet (7x leverage!) with just $3.</p>\n\n\n\n<p>The first trade, back in June 2020 was buying Cardano. Since then over 400,000 traders from 180 countries used Morpher. They traded 690 different markets. Nearly 60% of traders used leverage, <strong>effectively trading 2 trillion MPH in the process</strong>. Meanwhile 20% traded when the underlying markets were closed &#8211; like on a weekend or night owls during the week 🌚.</p>\n\n\n\n<p>Morpher is a place contrarian investors can thrive, with 55% of traders shorting markets like $AAPL, $TSLA, and $XRP. These contrarians leveraged 70 million MPH to short Bitcoin and 13 million MPH to short Sherwin-Williams (who knew paint was a controversial business).</p>\n\n\n\n<p>Nonetheless, my favorite statistic is the following: we gave away $1.5 million USD over the last year (in MPH). The reason this stat is my favorite is that it means we&#8217;ve enabled thousands, that wouldn&#8217;t have otherwise, to start their investment journeys completely risk-free. For users around the world to achieve financial success, we have to first solve market access.</p>\n\n\n\n<h2 class=\"wp-block-heading\">GameStop saga</h2>\n\n\n\n<p>If you did not follow this story, there&#8217;s a <a href=\"https://www.cnbc.com/2021/01/30/gamestop-reddit-and-robinhood-a-full-recap-of-the-historic-retail-trading-mania-on-wall-street.html\">great writeup by Yun Li</a> about the original events. There&#8217;s even recent developments with <a href=\"https://www.bloomberg.com/news/articles/2021-09-28/griffin-robinhood-strike-back-at-fresh-outrage-over-gamestop\">class action lawsuits and retail investors tackling Citadel</a>. The 10 second synopsis: too many people traded $GME on Robinhood, Robinhood had a liquidity problem, that turned into a capital crunch, so they disabled stock and options trading to survive. Then they raised billions to enable trading again.</p>\n\n\n\n<p>Meanwhile, we saw all of this unfold and realized we didn&#8217;t have GameStop on our platform yet. <strong>So we added GameStop, Blackberry, AMC, Tootsie Roll, and Bed, Bath &amp; Beyond in one day.</strong> No need to raise a single cent and each market was <em>perfectly liquid</em>. The best part was seeing what happened next. Traders from 130 different countries got in on the action: 20% traded on nights &amp; weekends (when markets stopped but news did not), 20% decided to short these stocks, and 50% used leverage to power up their trades.</p>\n\n\n\n<p>On many levels this whole saga was a reaffirmation of our mission. The importance of truly democratizing investing, getting more markets into the hands of everyone around the world.</p>\n\n\n\n<h2 class=\"wp-block-heading\">Quiet wins 🤫</h2>\n\n\n\n<p>I&#8217;m incredibly proud of our dev team, but you rarely get to see their efforts. Not every backend improvement or systems upgrade is flashy. And we don&#8217;t filter it through a crack marketing team. There&#8217;s a bittersweet hilarity from users tweeting at us &#8220;what have you been doing?&#8221; while the devs are doing incredible work behind the scenes. So here are a couple highlights to celebrate their hard work.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Smooth &amp; steady layer 2</h3>\n\n\n\n<p>Our sidechain is approaching <a href=\"https://scan.morpher.com/\">4 million transactions</a>. There have been numerous upgrades behind the scenes to ensure smooth and fast transactions. Without a great layer 2 solution, we could have never reached one million trades. The sidechain avoids gas fees while processing each transaction in about a second. Every airdrop, trade, deposit and withdrawal has relied on the it. With nearly zero downtime and a full sync with mainnet Ethereum, our sidechain and its maintainers are unsung heroes.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Data, data, data</h3>\n\n\n\n<p>Turns out data providers drop the ball all the time, and it&#8217;s our responsibility to make sure their screw-ups don&#8217;t pass on to our users. Offering free, high-quality market data is a pain in the butt! Making sure weird prices are ignored and that data is never down is a constant struggle.</p>\n\n\n\n<p>There have been some serious upgrades to our data processing too. We added full redundancy across most markets. We aggregated multiple feeds with differing prices into one seamless price. And of course added more markets, more of the stocks and cryptos that you love.</p>\n\n\n\n<p>Earlier this year we added extended hours data for stocks. This was a big achievement on multiple levels, from technical to operational (like affordable display rights). The end result is dramatically better spreads and more accurate stock charts.</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img data-attachment-id=\"1093\" data-permalink=\"http://morpher.home.blog/artboard-1/\" data-orig-file=\"https://morpherhome.files.wordpress.com/2021/09/artboard-1.png\" data-orig-size=\"1205,472\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"artboard-1\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https://morpherhome.files.wordpress.com/2021/09/artboard-1.png?w=300\" data-large-file=\"https://morpherhome.files.wordpress.com/2021/09/artboard-1.png?w=1024\" loading=\"lazy\" src=\"https://morpherhome.files.wordpress.com/2021/09/artboard-1.png?w=1024\" alt=\"Extended hours stock chart data after activating new datafeeds.\" class=\"wp-image-1093\" width=\"768\" height=\"301\" srcset=\"https://morpherhome.files.wordpress.com/2021/09/artboard-1.png?w=1024 1024w, https://morpherhome.files.wordpress.com/2021/09/artboard-1.png?w=768 768w, https://morpherhome.files.wordpress.com/2021/09/artboard-1.png?w=150 150w, https://morpherhome.files.wordpress.com/2021/09/artboard-1.png?w=300 300w, https://morpherhome.files.wordpress.com/2021/09/artboard-1.png 1205w\" sizes=\"(max-width: 768px) 100vw, 768px\" /></figure></div>\n\n\n<p>Our data processing has been improving on an almost weekly basis. At this point, I&#8217;m confident we have the best market oracle around. Nothing comes close in speed, quality, or gas fees (on mainnet). More on that in our roadmap.</p>\n\n\n\n<h2 class=\"wp-block-heading\">Product wins</h2>\n\n\n\n<p>I work on product, so how could I not highlight some of my favorite product roll outs.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Stop Loss and Take Profit</h3>\n\n\n\n<p>SL/TP is a critical trading feature, yet it&#8217;s hard to build on top of blockchain-based trading. Since launching SL/TP we&#8217;ve had 19% of trades closed this way. Majority of these were in the middle of the night when users are offline. Giving traders peace of mind as they dream of gains 😴.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Crypto deposits</h3>\n\n\n\n<p>For the crypto natives we unlocked a new deposit method. Last month a third of deposit volume was in ETH, BTC, and LTC instead of USD. Depending on the region, sending crypto is far simpler than using a payment on-ramp. A great early step, but deposits and withdrawals both need to dramatically improve before Morpher can serve more users.</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img data-attachment-id=\"1115\" data-permalink=\"http://morpher.home.blog/coinbase_deposit/\" data-orig-file=\"https://morpherhome.files.wordpress.com/2021/09/coinbase_deposit.png\" data-orig-size=\"540,530\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"coinbase_deposit\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https://morpherhome.files.wordpress.com/2021/09/coinbase_deposit.png?w=300\" data-large-file=\"https://morpherhome.files.wordpress.com/2021/09/coinbase_deposit.png?w=540\" loading=\"lazy\" src=\"https://morpherhome.files.wordpress.com/2021/09/coinbase_deposit.png?w=540\" alt=\"Crypto deposits on Morpher. Bitcoin Cash, Dai, and Litecoin logos.\" class=\"wp-image-1115\" width=\"405\" height=\"398\" srcset=\"https://morpherhome.files.wordpress.com/2021/09/coinbase_deposit.png?w=405 405w, https://morpherhome.files.wordpress.com/2021/09/coinbase_deposit.png?w=150 150w, https://morpherhome.files.wordpress.com/2021/09/coinbase_deposit.png?w=300 300w, https://morpherhome.files.wordpress.com/2021/09/coinbase_deposit.png 540w\" sizes=\"(max-width: 405px) 100vw, 405px\" /></figure></div>\n\n\n<h3 class=\"wp-block-heading\">Wallet</h3>\n\n\n\n<p>The crypto wallet is the gateway for any DApp, and the first interaction a user ever makes. Yet existing solutions were leaving our users deeply confused and frustrated. Thomas, our CTO, has a <a href=\"https://www.morpher.com/blog/why-we-built-morpher-wallet\">great article</a> on those frustrations. At the end of the day, it was just too hard to sit back and rely on a 3rd party for something as critical as login and managing funds.</p>\n\n\n\n<p><a href=\"https://www.morpher.com/wallet\">Morpher Wallet</a> was released early September with 21,000 happy users so far. Follow-on trades were up 85% in large part thanks to the seamless new wallet experience ✨. I&#8217;ve done a deep dive article on all the great features, but let&#8217;s name a few here:</p>\n\n\n\n<ul>\n<li>Non-custodial, you own the keys</li>\n\n\n\n<li>Trusted recovery (backup to Google/FB/VK)</li>\n\n\n\n<li>2-Step verification for max security</li>\n\n\n\n<li>Export anytime and change wallets</li>\n</ul>\n\n\n\n<p>Oh and it&#8217;s <a href=\"https://github.com/Morpher-io/MorpherWallet\">open-source</a>, we&#8217;re proud to share it with the community to learn, build, and improve.</p>\n\n\n\n<h3 class=\"wp-block-heading\">DEX</h3>\n\n\n\n<p>One year after we opened our trading app to the public, we released the decentralized version: Morpher DEX. Danilo created a short and sweet introduction article, Thomas put out a how-to video for beginners, and Brooke has a great introductory video for everyone.</p>\n\n\n\n<p>Decentralization is the future for most industries, but hands down the clear future for finance. However, we&#8217;re not there yet. Morpher DEX is great for the audience that wants total, permissionless control over their investments. <strong>Being able to short Tesla stock with a few clicks, from any crypto wallet, is just mind-blowing and awesome.</strong> Too bad Ethereum fees are so dang high recently.</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img data-attachment-id=\"1118\" data-permalink=\"http://morpher.home.blog/dex_shots2/\" data-orig-file=\"https://morpherhome.files.wordpress.com/2021/09/dex_shots2.png\" data-orig-size=\"555,218\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"dex_shots2\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https://morpherhome.files.wordpress.com/2021/09/dex_shots2.png?w=300\" data-large-file=\"https://morpherhome.files.wordpress.com/2021/09/dex_shots2.png?w=555\" loading=\"lazy\" src=\"https://morpherhome.files.wordpress.com/2021/09/dex_shots2.png?w=555\" alt=\"Morpher DEX screenshots of market search, sell, and buy.\" class=\"wp-image-1118\" width=\"555\" height=\"218\" srcset=\"https://morpherhome.files.wordpress.com/2021/09/dex_shots2.png 555w, https://morpherhome.files.wordpress.com/2021/09/dex_shots2.png?w=150 150w, https://morpherhome.files.wordpress.com/2021/09/dex_shots2.png?w=300 300w\" sizes=\"(max-width: 555px) 100vw, 555px\" /></figure></div>\n\n\n<h2 class=\"wp-block-heading\">The future</h2>\n\n\n\n<p>The future is bright, or at least full of things I&#8217;m really excited to work on. Like sidechain staking, a super high yield savings account built right into Morpher. Or our first trading competition, pitting investors from around the world in a battle for maximum gains. Real limit orders are coming too, so you can enter a market at the perfect moment without being at your keyboard.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Deposits &amp; withdrawals</h3>\n\n\n\n<p>Funding your account needs to be a simple and easy process, which at the moment it just isn&#8217;t. For most users it still doesn&#8217;t work. Finding the right banking partners takes time and we&#8217;ve been working on this for months. The good news is we&#8217;re making progress! We&#8217;ll slowly be rolling out options for deposits/withdrawals that work well in different regions around the world.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Mobile app</h3>\n\n\n\n<p>It turns out many people prefer to monitor and manage their financial lives from their smartphone. With DEX and Wallet out, we&#8217;re shifting focus to building a great native mobile experience. Speaking of wallet, it&#8217;s what will enable a truly native experience across iOS and Android. Expect to try the mobile beta towards the end of the year.</p>\n\n\n\n<h3 class=\"wp-block-heading\">Decentralized oracle</h3>\n\n\n\n<p>Our market data is superb, so why not release something like Chainlink but that&#8217;s actually decentralized and designed for active on-chain trading. This will also be the first time MPH finds a new use case. MPH will be used for governing the oracle, selecting data providers, and rewarding data contributors.</p>\n\n\n\n<p>Take a look at <a href=\"https://www.morpher.com/roadmap\">our roadmap</a> for the full list of what&#8217;s coming next, and come <a href=\"https://discord.gg/CBxuAhPSCj\">tell us on Discord</a> if you want to see something else.</p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" />\n\n\n\n<p>So that&#8217;s it, one million trades. On to bigger milestones and better user experiences and amazing new features. Investing is still only accessible to a small minority around the world. A problem that can&#8217;t be solved without a radically new approach to markets. I&#8217;m more confident than ever that Morpher&#8217;s virtualization technology will be that bridge for the rest of the world.</p>\n\n\n\n\n","excerpt":"<p>A founder&#8217;s retrospective after passing a big milestone: one million trades on Morpher. And a view towards the future.</p>\n","slug":"thanks-a-million","guid":"https://morpher.home.blog/?p=1048","status":"publish","sticky":false,"password":"","parent":false,"type":"post","comments_open":false,"pings_open":false,"likes_enabled":true,"sharing_enabled":true,"comment_count":0,"like_count":0,"i_like":false,"is_reblogged":false,"is_following":false,"global_ID":"8364ef60a36f387088df1c221c44877c","featured_image":"https://morpherhome.files.wordpress.com/2021/10/thanks_million_m.jpg","post_thumbnail":{"ID":1305,"URL":"https://morpherhome.files.wordpress.com/2021/10/thanks_million_m.jpg","guid":"http://morpherhome.files.wordpress.com/2021/10/thanks_million_m.jpg","mime_type":"image/jpeg","width":1680,"height":1680},"format":"standard","geo":false,"menu_order":0,"publicize_URLs":[],"tags":{},"categories":{"News and Updates":{"ID":15428,"name":"News and Updates","slug":"news-and-updates","description":"","post_count":9,"feed_url":"http://morpher.home.blog/category/news-and-updates/feed/","parent":0,"meta":{"links":{"self":"https://public-api.wordpress.com/rest/v1/sites/165274803/categories/slug:news-and-updates","help":"https://public-api.wordpress.com/rest/v1/sites/165274803/categories/slug:news-and-updates/help","site":"https://public-api.wordpress.com/rest/v1/sites/165274803"}}}},"attachments":{"1135":{"ID":1135,"URL":"https://morpherhome.files.wordpress.com/2021/10/thanks_million.png","guid":"http://morpherhome.files.wordpress.com/2021/10/thanks_million.png","mime_type":"image/png","width":2400,"height":2400},"1305":{"ID":1305,"URL":"https://morpherhome.files.wordpress.com/2021/10/thanks_million_m.jpg","guid":"http://morpherhome.files.wordpress.com/2021/10/thanks_million_m.jpg","mime_type":"image/jpeg","width":1680,"height":1680}},"metadata":[{"id":"1362","key":"_thumbnail_id","value":"1305"}],"meta":{"links":{"self":"https://public-api.wordpress.com/rest/v1/sites/165274803/posts/1048","help":"https://public-api.wordpress.com/rest/v1/sites/165274803/posts/1048/help","site":"https://public-api.wordpress.com/rest/v1/sites/165274803","replies":"https://public-api.wordpress.com/rest/v1/sites/165274803/posts/1048/replies/","likes":"https://public-api.wordpress.com/rest/v1/sites/165274803/posts/1048/likes/"}},"current_user_can":{"publish_post":false,"delete_post":false,"edit_post":false},"capabilities":{"publish_post":false,"delete_post":false,"edit_post":false}}],"currentCategory":"news-and-updates","global_ID":"c7f840a5c4936f590b9970cd425d9b76","fl":"269-june-update-next-invites-position-fixes-and-13k-trades","excerpt":"<p>Our June company update. Welcome to the first 10,000 traders. Our team finished liquidation and position improvements. Next batch of invites coming soon.</p>\n","candleSticks":false}

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June Update: Next Invites, Position Fixes, and 13k Trades

Denis Bykov
7/3/2020

Morpher monthly June update with mockup image of office space.

Happy summer everyone. Hope the covid situation is under control in your area and you can enjoy the summer weather. Vienna has been sunny but rainy, so our team has stayed in and gotten quite a bit done. Here’s what happened in June and what to expect in July:

Trading Invitations

So far 10,000 users have been invited to trade on Morpher. The gradual onboarding has been great for solving issues quickly and continuing to build the best product possible.

Some quick stats:

Over 13,000 trades
Across 300 different markets
Average leverage of 4x
16 million tokens redeemed
Users from 120 countries

Next Invites 📨

Those of you patiently waiting don’t have to wait much longer, we’re vetting the next batch of 10,000 invites to send next week. Thousands more invites will send out a week after that.

Redeemed Amount < Rewards

Common question that comes up: why is my redemption amount less than tokens earned? Good question. If you referred a friend that we haven’t invited yet, we will pause your token bonus until we can finally invite your friend to trade. This will become automatic soon, allowing you to claim all your additional rewards with one click.

Exchange Listing

If you’ve seen the roadmap, you’ll notice we’re behind schedule on exchange listings. Lots of progress will be made in July, but this is a process that takes time. The lack of an exchange listing is also delaying the availability of deposits/withdrawals. On the bright side, we’ll publish our official white paper soon – stay tuned!

Fixes & Upgrades

Quite a few stability improvements in the background and a few UI & feature improvements.

Liquidation Notifications 📉

You can now see any positions that were liquidated (went bankrupt) in the History page. They’ll be tagged as liquidated in the status column. If visit the market that was liquidated, we leave a note so you won’t be left wondering why your position disappeared. Starting next week we will send an email notification for all liquidations with some extra details.

Improved Search 🔎

It’s much easier to find the market you want with complete search results. Search also now favors market symbols over names, so you can find the exact market you want even faster.

Position Value Bugs Squashed

You all really love leverage, which is great in moderation. We discovered a bug where doubling down on a position with different leverage amounts wouldn’t always update correctly. This has been resolved, no more weird values when you change leverage with new trades.

Claim Process Improved

Our virtual sidechain ETH faucet ran out on some signups. That’s been ironed out, making claims much smoother for future signups.

Data Processing Improvements

Data quality is something we constantly improve in the background. In the latest batch of improvements we have much smarter market pausing. If you ever noticed a commodity or index paused on a weekend, you’ll be glad to know that won’t happen anymore – 24/7 trading only!

Painless trading for everyone

Hundreds of markets all in one place - Apple, Bitcoin, Gold, Watches, NFTs, Sneakers and so much more.