Pendle's High Yield USDC vault on Morpho live, depositors earn 9.58% APY
Pendle's second Ecosystem vault on @Morpho — a High Yield USDC vault targeting higher-yielding PTs — is now live, co-curated with Armitage, @wintermute_t's vault-curation arm, and allocating $30M. Depositors supply USDC and earn from PT borrow demand plus $PENDLE rewards, with the vault pitched as "braindead stable farming": auto-allocation across high-yield PT markets, backed by PT looping demand, which in turn adds PT liquidity. Pendle pegs the depositor APY at 9.58%, and re-amplified the launch on its official X feed.
- The vault allocates across PT markets including PT-reUSD (Resolv), PT-USDat (Saturn Credit) and PT-USD3 (3Jane), with borrow APY at 3.9% versus 7.2% on the existing USD3 market.
- Its new PT-USD3-17DEC2026 / USDC market is the 7th Morpho vault to accept USD3 as collateral.
- It runs alongside the original Pendle Ecosystem USDC vault with a wider mandate across PT markets.
Sources
- RT @pendle_fi: Yes, there's a 2nd Pendle Ecosystem Vault on @Morpho now, targeting higher yielding PTs. Braindead stable farming 🧠 > Depo…x.com ↗
- Link: https://t.co/KstC8iwDP3 https://t.co/kMlCSWd7Wi Replying to their earlier post: Yes, there's a 2nd Pendle Ecosystem Vault on @Morpho now, targeting higher yielding PTs. Braindead stable farming 🧠 > Deposit $USDC > Auto-allocated to high yield PT markets > Backed by PT…x.com ↗
- Yes, there's a 2nd Pendle Ecosystem Vault on @Morpho now, targeting higher yielding PTs. Braindead stable farming 🧠 > Deposit $USDC > Auto-allocated to high yield PT markets > Backed by PT looping demand > PTs get more liquidity > Depositors get 9.58% APY Winwin 🤝 https://t.co/thmnrtUTi7x.com ↗
- RT @3janexyz: New PT-USD3-17DEC2026 / USDC mkt @pendle_fi x @wintermute_t $30M High Yield USDC vault is allocating, marking the 7th @Morph…x.com ↗
- RT @pendle_fi: Pendle Ecosystem High Yield USDC is now live on @Morpho 🦋 Co-curated by Pendle and Armitage, @wintermute_t's vault curation…x.com ↗
- Deposit USDC, earn yield from PT borrow demand, plus $PENDLE rewards: https://t.co/SPq6nIZOlt https://t.co/IE9VSzszlV Replying to their earlier post: At launch, the vault allocates across 3 PT markets: 🔹 @re PT-reUSD 🔹 @saturn_credit PT-USDat 🔹 @3janexyz PT-USD3 With more to be added soon.
Pendle
Pendle Earn enables you to obtain fixed yield or provide liquidity in a simple interface. Pendle Earn and Trade runs on the same set of contracts with a separate user interface to cater to different audiences.
