MORROW Guide
The MORROW Guide

Invest in on-chain funds,
or run your own.

Everything you need, step by step and in plain words: how a fund works, how to get in and out, what it costs, and how to build and grow a fund people want to join.

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I want to invest

Find a fund, deposit ETH or a stablecoin, follow it, withdraw when you want.

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I want to run a fund

Pick your tokens, set your fees, launch in minutes and keep it on target.

How MORROW works

A fund is a basket of tokens in its own smart contract. A manager picks what's in it, investors own shares of it.

The fund

A contract that holds a set of tokens at target weights, for example 40% WETH, 30% NVDA, 30% MORROW. It lives on-chain: anyone can check what it holds.

Your shares

When you deposit, the fund buys its tokens with your money and gives you shares. Your shares are your part of everything the fund holds.

The manager

Decides what the fund holds and when to rebalance. The manager can never move the fund's tokens to their own wallet: only you can withdraw your shares.

You ETH or stablecoin MORROW Router swaps into the fund's tokens on Uniswap The fund WETH 40% NVDA 30% MORROW 30% held by the contract Shares back to you One transaction: you pay, the Router buys every token in the fund's proportions, the fund mints your shares.

Withdrawing is the same road back. The fund hands your part of every token to the Router, which sells them for ETH or the stablecoin, or you take the tokens themselves.

Two networks, two sets of funds

MORROW runs on Robinhood Chain and on Ethereum. Each has its own funds; switch with the network button at the top of the app.

Robinhood ChainEthereum
Apprh.morrowfunds.cometh.morrowfunds.com
Deposit withETH or USDGETH or USDC
What funds can holdETH, USDG, 19 tokenized stocks (NVDA, TSLA, AAPL, SPY…), AI, VIRTUAL, MORROW and community-listed tokensETH, USDC, DAI and community-listed tokens
Tokens per fundup to 15up to 8
MORROW in every fundat least 5%no rule
Gasa few centsmore, depends on the network
Part one

For investors

From your first deposit to your last withdrawal: what to look at, what you pay, and what to do when something unusual happens.

1Before you start

Three things, and you're ready.

A wallet

Log in with email or connect a wallet like MetaMask or Rabby. The app tells you which network to be on.

A little ETH for gas

Every transaction costs a small network fee. Keep some ETH in your wallet, also when you deposit with a stablecoin.

What you'll deposit

ETH, or the network's stablecoin: USDG on Robinhood Chain, USDC on Ethereum.

Only invest what you can afford to lose. Tokens can fall in value, a manager can choose badly, and smart contracts can contain errors. Nothing on MORROW is financial advice.

2Find a fund

Open Discover. Every card tells you most of what you need in one look.

Fund card
1
A
FUND #004
AI & Chips
The picks and shovels of AI.
Standard2
Total value
$12.4K
Since launch
▲ +18.6%
3
Target allocation
NVDA 35%WETH 30%AI 20%+24
Entry fee
1.00%
Lock-up
7d
5
@alice ✓View Fund ›
  1. Name and number. Funds are numbered in the order they were created.
  2. Labels. The fund type (Index, Standard or Degen) tells you how much risk it takes, see below. Community means the fund holds a token anyone can list, not reviewed by MORROW. Such tokens can drop hard or lose all liquidity.
  3. Size and track record. What's in the fund now, and the return of one share since launch.
  4. What it holds. The targets the manager set. On the fund page you also see what it really holds right now.
  5. Terms. The entry fee you pay on each deposit, and how long your money is locked after you deposit.

Three types of fund

Every fund has a type, chosen by its manager at launch. It never changes, and the fund can only hold tokens that fit it.

Index
Lower risk

Built like a classic index fund: a basket of stocks and ETFs, plus ETH. Robinhood Chain only.

Standard
Medium risk

Established crypto with a CoinGecko page and a market cap of at least $1M, next to stocks and ETH.

Degen
High risk

Anything goes, fresh launches and memecoins included. Can swing hard both ways.

On the fund page, look for

  • Who runs it. A verified X handle, other funds, and how much of their own money the manager has in it.
  • Current holdings vs target. Prices move between rebalances, so the real mix drifts from the targets.
  • The fees in full: entry fee and performance fee, plus the minimum deposit and lock-up.
  • Announced terms. A banner tells you if the manager plans to raise a fee, and from which date.
  • The feed. The manager's thesis and updates on what they're doing and why.

Use the filters on Discover: the fund type, No community tokens, No lock-up, and sort by size, return or fees. Tap the ☆ to watch a fund.

3Deposit

One panel, a quote before you sign, and your shares in one transaction.

Deposit panel
DepositWithdraw
Pay with ETHPay with USDG
$ 250USD ⇅
= 0.104 ETHIn your wallet: 0.82 ETH
You get about 244.1 shares, and at least 236.8, or the deposit is cancelled.
Cost of getting in: about 2.3% (fund fee 1.00%, the rest is swap costs).
Max slippage3% ⚙
Deposit ETH
  1. Choose how to pay: ETH, or the stablecoin. Type an amount in dollars or in coins.
  2. Read the quote. The app runs your deposit on the chain first, without sending it, and shows the shares you'd get and what it costs to get in.
  3. Max slippage is how much worse than the quote you accept. If prices move more before your transaction lands, it's cancelled and you keep your money.
  4. Paying with a stablecoin? The first time, you allow MORROW to take it from your wallet: one extra confirmation.
  5. Confirm in your wallet. Done: your shares are in, and you can share an "investor #N" card.

Lock-up. If the fund has one, you can withdraw only after it ends. A new deposit locks your whole position again from that moment.

Minimum deposit. It's checked after swap costs, on what the fund really receives. At the exact minimum you may fall just short: deposit a little more.

Why "the fund's tokens in their current proportions"? Your money buys what the fund holds now, not the targets, so existing investors aren't shifted by your deposit. A brand-new or emptied fund is filled at its targets.

4What it costs

Each fund sets its own fees, within hard limits written into the contract.

Entry fee
≤ 10%
Of every deposit, to the manager.
Performance fee
≤ 20%
Of your own profit, only when you withdraw with a gain.
Management fee
0%
Not charged.
Exit fee
0%
Not charged.

On top of that: gas for each transaction, and swap costs (pool fees and price impact) when the Router buys and sells the fund's tokens.

Performance fee on real profit only. It's calculated per investor, on what you actually take out compared with what you put in. Paper gains you never cash out cost nothing, and if you withdraw at a loss you pay none at all.

Fee calculator

Move the sliders to see what you'd get back. Swap costs are left out; they're usually 0.5–3% each way.

Entry fee paid
$10
Fund value of your shares
$1,287
Performance fee
$29
You receive
$1,258
entry feeperformance feeyours

5Withdraw

Pick how much (25%, 50%, 75% or Max) and how you want it.

Receive ETH

The Router sells your part of every token and sends you ETH.

Receive the stablecoin

Same, but paid out in USDG (Robinhood Chain) or USDC (Ethereum).

The tokens themselves

No selling: you get your part of each token straight to your wallet. Always works, even when a pool is too thin to sell into.

  • The quote shows what you'll receive, and the minimum after your max slippage. If it can't be met, nothing happens.
  • A token too thin to sell comes back to you as the token itself instead of being dumped at a bad price.
  • "Pays out too little cash to cover the performance fee"? Part of your withdrawal came back as tokens, so there's too little cash for the fee. Withdraw in kind instead.
  • Locked? The panel shows the exact date and time your lock-up ends.

6When the manager changes the terms

You always get time to leave before a worse deal reaches you.

Announced banner on the fund Last lock-up ends only for a higher performance fee + 7 days new terms start a full week unlocked to withdraw at the old fee
  • Lower fees or a shorter lock-up apply at once.
  • A higher entry fee or longer lock-up starts 7 days after the announcement.
  • A higher performance fee also reaches money already in the fund, so it waits until every lock-up has ended, plus 7 days. While it's pending, new lock-ups end a week before it starts.
  • Your own lock-up never gets longer because of a change; it's fixed when you deposit.

7When a token in your fund fails

Tokens can rug or their pool can run dry. MORROW has a plan for each case.

Deposits pause

When a token in the fund can no longer be traded, new deposits stop automatically, so nobody buys into a broken fund. Withdrawals keep working.

Write-off and claim

The manager can write the token off. What the fund holds of it is set aside for everyone holding shares at that moment. You claim your part on the fund page. It may be worth little or nothing.

Withdraw around it

If a donated or stuck token is flagged, the app offers a withdrawal that skips it, so the rest of your money comes out.

Upgrades lift lock-ups

Contract code changes wait 2 days. While one is pending, every lock-up is lifted, so you can leave before new code runs.

8Your safety checklist

Tick them off before a bigger deposit.

MORROW will never DM you first or ask for your seed phrase. Support only happens in our public Telegram. Anyone asking for your keys is a scammer.

Part two

For fund creators

Launch a fund, keep it on target, handle the rough days, and give investors a reason to join you.

1Your role as a manager

You run the strategy. The contract runs the money.

What you control

Which tokens the fund holds and at what weights; when to rebalance; adding, removing and writing off tokens; the entry and performance fee, minimum deposit and lock-up (within the limits); pausing deposits; your fund's profile and posts.

What you can't do

Withdraw the fund's tokens to your own wallet, touch an investor's shares, raise fees on the spot, or lock anyone longer than they agreed to. Investors can always leave in kind.

How you earn

  • Entry fee (0–10%): taken from every deposit, straight to your wallet.
  • Performance fee (0–20%): a share of each investor's real profit when they withdraw with a gain, paid to you in what they withdraw: ETH, the stablecoin, or the tokens themselves.

Put your own money in. The fund page shows how much the manager holds. Investors trust a fund where the manager eats their own cooking. You pay no performance fee on your own profit.

2Create a fund

Open Create Fund. Five short steps, one transaction.

  1. DetailsA name and a short description. Choose a name you'll keep: it's how investors recognise your fund, and a V1 fund relaunched under the same name is linked automatically.
  2. ParametersFirst the fund type: Index, Standard or Degen. It can't be changed after launch. Then the entry fee, performance fee, minimum deposit in dollars, and lock-up in days. Leave a field at 0 for none.
  3. AllocationPick tokens and set weights in whole percents that add up to 100. You only see tokens that fit your fund type. Not in the list? List it yourself (see below).
  4. ReviewCheck everything. Fees can be lowered later at once, but a raise is announced and waits.
  5. LaunchConfirm in your wallet. Your fund is live and on Discover. Make the first deposit yourself to set it going.

The rules your fund must follow

RuleRobinhood ChainEthereum
Tokensup to 15up to 8
WETHalways in the fund (it may be at 0%); it's where unspent sale proceeds wait
MORROWat least 5%no rule
Weightswhole percents, adding up to exactly 100
Entry fee0–10%
Performance fee0–20%
Lock-up0–30 days

Keep it simple at the start. A no lock-up, low-fee fund with 4–6 tokens and a clear thesis is easiest to trust. You can always tighten later; loosening is instant.

3List a token that isn't there yet

Anyone can add a token, as long as it has real liquidity on Uniswap.

  1. Paste the token addressIn the token picker, choose "Token not in the list? List it yourself".
  2. MORROW finds its poolsIt looks for Uniswap V2, V3 and V4 pools against ETH, the stablecoin, a stock or an anchor token (AI, VIRTUAL), and picks the deepest. You don't have to choose.
  3. It must have at least $2,000on the ETH/stablecoin side of the pool. Pools with hooks known to block sells can't be used.
  4. List itOne transaction. It's added straight away and marked Community, on every fund that holds it.

Uniswap V2 tokens need their price measured for about an hour before trades in them work. V3 and V4 tokens work right away.

Hooks. Some V4 pools run extra code (usually a launchpad's) that can charge its own fee or block sells. The app warns you.

4Rebalance: the one thing to really understand

Your targets are percentages. The fund holds amounts. Prices move, so the real mix drifts. A rebalance brings every token back to its target.

Drift simulator

A fund set at GLOAM 25% / MORROW 30% / BORRO 25% / SURPLUS 20%. Move GLOAM's price and its new target, and see what a rebalance would do.

white line = new targetbar = share of the fund now

Raising a target can still sell. If GLOAM pumped to 36% of the fund and you raise its target from 25% to 30%, the rebalance sells it down to 30%. To keep all of it, set the target at or above what it is now.

Read the preview before you sign

Rebalance preview
What this rebalance does
Every token goes back to its target. A token above its target is partly sold, even if you raised its target; a token below its target is bought.
GLOAM now 36.0% → target 30%Sells 178.3 (≈ $80)
After: 885.8 (min 859.3) (≈ $401)
⚠ You raised the target of GLOAM, but it already makes up 36.0% of the fund because its price rose. So part of it is sold to bring it down to 30%.
LNOC now 3.7% → target 0%Sells 100,034 (≈ $49)
BORRO now 19.2% → target 25%Buys 88,631 (≈ $76)
WETH now 0.0% → target 0%Keeps +0.002 (≈ $5)
What the sales bring in and is not spent on other tokens stays in the fund as WETH.
  • Sells / Buys show the amount and its dollar value; After is what the fund holds once it's done.
  • Min is that amount minus your max slippage. If any token would end below it, the whole rebalance is cancelled and nothing changes.
  • "Too small to trade": gaps under $1 are skipped, because the swap would cost more than it's worth.
  • No waiting period. Rebalance as often as you like, for example to leave a token that's collapsing.

How often? There's no right answer. Many managers rebalance weekly, or when a token drifts more than 5 points from its target. Every rebalance costs swap fees, so don't overdo it in a small fund.

5Add, remove, and change your terms

Add a token

In Manage, pick a token, give it a weight, and rebalance to buy it.

Remove a token

Press × next to it: the fund sells it, then takes it out. Two confirmations.

Change terms

Lower fees apply at once. Announce new terms to raise: 7 days, and a performance-fee raise waits for every lock-up to end, plus 7 days.

Explain a raise in a post on your fund's feed before you announce it. Investors see the banner either way. Hearing why from you first keeps their trust.

6When something breaks

"Can the fund sell its high-risk tokens?"

Manage shows a live check for each one. No means its pool is too thin: a rebalance leaves it where it is, and new deposits still buy some.

Pause deposits

If a token can't be sold, pause deposits so new investors don't buy into it. Resume when it trades again.

Write it off

A token that can no longer be traded holds deposits on hold. Writing it off sets it aside for today's shareholders, gives its weight to WETH and reopens deposits. It can't be undone.

Donated tokens

Tokens someone sends to the fund aren't counted as part of it, and the app flags them, so nobody can inflate the fund's value by gifting it a token.

7Grow your fund

Investors join people, not contracts. Show them who you are and what you're doing.

Profile and verification

Add a picture, a description and your X handle. A verified ✓ next to your name builds trust instantly.

Thesis and updates

Pin a thesis: why these tokens, what would make you sell. Post updates on the feed when you rebalance; they appear on your fund and the Feed page.

Performance card

One click makes a picture of your fund's return, with a QR code to it. You can choose to show the fund's total value. Post it on X.

Practice first

Try a strategy with a paper fund: no money in it, a public track record, the same tokens. Prove it, then launch the real one.

8Manager rules of thumb

Do: keep a clear thesis; put your own money in; rebalance on a rhythm; mind thin pools in a big fund; explain changes before you make them; keep some WETH or stablecoin for calm.

Don't: chase every pump; stack many illiquid tokens; raise fees by surprise; front-run your own rebalance; promise returns. Your track record is public forever.

Reference

Quick answers

The numbers, the questions people ask most, and the words used in the app.

Limits at a glance

Entry fee
10%
maximum
Performance fee
20%
maximum, on real profit
Lock-up
30 days
maximum
Fee raise notice
7 days
at least
Tokens per fund
15 · 8
Robinhood Chain · Ethereum
MORROW per fund
5%
minimum, Robinhood Chain
Listing liquidity
$2,000
minimum on the quote side
Code upgrades
2 days
delay, lock-ups lifted meanwhile

FAQ

Can the manager run off with my money?
No. The manager can't send the fund's tokens anywhere but through MORROW's Router, back into the fund. Only you can withdraw your shares. The manager does choose what the fund holds, so a bad or dishonest choice can still lose value: check who runs a fund.
Why did my deposit fail with "below minimum deposit"?
The minimum is measured on what the fund receives after swap costs. Deposit a bit more than the minimum shown.
Why did a rebalance sell a token I gave a higher target?
Because it had already grown above that target through its price. See the drift simulator.
What do Index, Standard and Degen mean?
They're the fund's type, from lower to higher risk. Index holds stocks, ETFs and ETH. Standard adds established crypto with a CoinGecko page and at least $1M market cap. Degen can hold anything, fresh launches included. The manager picks the type at launch and can't change it.
What does Community mean?
The fund holds at least one community-listed token: added by a user, not reviewed by MORROW. These can be illiquid or lose their value entirely.
The quote says "a price is still being measured". What now?
A Uniswap V2 token in the fund needs about an hour of price history. Nothing is lost; try again later. The app can start the measurement for you.
Why is my withdrawal partly in tokens?
A token's pool was too thin to sell your part at a fair price, so you got the token itself instead of a dumped price. You can sell it yourself later.
Why does my wallet ask for a signature when I edit my profile?
Names, descriptions and pictures are stored off-chain. The signature proves the change is yours. It's free and not a transaction.

Glossary

ShareYour part of a fund. Share price = fund value ÷ shares.
Target weightThe percentage of the fund a token should be, set by the manager.
DriftHow far the real mix has moved from the targets because of price changes.
RebalanceSelling what's above target and buying what's below, back to the targets.
SlippageHow much the price may move against you before a trade is cancelled.
Lock-upTime after a deposit during which you can't withdraw.
In kindReceiving the fund's tokens themselves instead of ETH or a stablecoin.
Write-off / side pocketA dead token set aside for the holders at that moment, claimable on the fund page.
Fund typeIndex, Standard or Degen: how much risk a fund takes. Set at launch, never changed.
Community-listedA token added by a user from a Uniswap pool. Marked Community.
Anchor tokenAn ecosystem token (AI, VIRTUAL) that other tokens can be priced against.
WETHWrapped ETH, the ERC-20 form of ETH that funds hold.
V1 / V2The old and the current MORROW contracts.

Ready when you are.

Browse the funds, or turn your picks into one. Questions? We're in Telegram.

Discover funds → Create a fund Telegram @morrowfunds