October 15th 2026, 10:03 AM
Morpho Vault Exceeds $15M in Pendle High-Yield USDC Investment
Key Summary
Pendle's high-yield USDC vault on Morpho has reached $15.76 million in deposits, offering a 8.31% net APY with interest paid by borrowers and incentives in PENDLE tokens. The vault is co-curated by Pendle and Wintermute, with a 7-day timelock on new user adapters.
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What the vault does
Depositors hand over USDC. The vault then lends it to borrowers on Morpho who post Pendle Principal Tokens, known as PTs, as collateral.How it differs from the original
Instead of mirroring the original, the new vault allocates to a wider set of higher-yield PT collateral markets on Morpho. Named examples include PT-reUSD, PT-USD3, and PT-USDat.Who is running the show
The vault is co-curated by Pendle and Armitage, the vault curation arm of trading firm Wintermute.#Crypto#US#Morpho#Pendle