Morpheus pays its inference providers from a protocol emission, not from what users spend, and that single fact decides whether the market is sustainable. A trace of who pays, who earns, and why the staked path returns your MOR in full while only the direct-pay path spends it. Plus what our own on-chain indexing shows: a working marketplace at a small scale, a narrow set of providers, and demand still mostly subsidised by emissions rather than paid by users.