Turning Russian Stocks Into Virtual Assets To Help Ukraine

Sanctions brought by the Ukraine-Russia, although justified, continues to plague innocent people. Morpher comes in to support Ukrainian refugees and raise awareness about the loss of property rights of regular citizens on both sides. Morpher Arena allows its users to trade virtual copies of Russian stocks, and all revenue it generates is donated to organizations supporting Ukrainian refugees.

Virtual copies of markets like stocks, commodities, and currencies can be created. The protocol observes the price of exchange-traded assets globally in real-time and then replicates the economics of holding that asset on the blockchain. Anything that comes with a real-time data feed can become a market on Morpher. The underlying stock is never actually traded, allowing investors to bet on assets without having to own them.

The protocol doesn’t need direct market access and does not benefit shareholders of the underlying assets. The platform is designed for speculation and will be accessible 24/7. The virtual stocks can be shorted, and they are liquid, without needing to match buyers and sellers. Arena puts the power back to individuals, giving them autonomy over their finances.

Since Arena runs permissionless on the Polygon blockchain, anyone with a crypto wallet can join. Morpher Arena users compete against each other in a zero-sum game. Users deposit USDC into a smart contract and own a part of the total staking pool in return. Users then select a stock they want to bet on. Their stake in the pool increases or decreases with the price of the stock. Those with the best predictions of the market performance win a bigger stake in the pool.

Morpher aims to democratize finance via its Arena platform. The company will donate all revenue generated to humanitarian organizations providing aid to Ukraine, like Save the Children and other similar groups.