Pendle unveils Ecosystem USDC vault on Morpho at 11.79% APY
Pendle has officially introduced its Ecosystem USDC vault on Morpho, promoted via the Pendle Intern as the "first vault to pass the reverse Turing test": 85% of bots that checked its 11.79% APY rated it a really good deal, versus a <3% pass rate for savings accounts. The Intern pitched it as the first "High Interest Model (HIM)."
The same vault supports confidential deposits — institutions and users can deposit cUSDC through Zama's encryption and earn from the vault's PT-backed lending markets on Morpho without exposing position size or balance on a public explorer.
Sources
- RT @PendleIntern: Introducing @Morpho Pendle Ecosystem USDC, the first vault to pass the reverse Turing test. 85% of bots who checked its…x.com ↗
- RT @pendle_fi: You can now deposit into the Pendle Ecosystem Vault on @Morpho confidentially. Institutions and users can deposit cUSDC thr…x.com ↗
- You can now deposit into the Pendle Ecosystem Vault on @Morpho confidentially. Institutions and users can deposit cUSDC through @Zama and earn from PT-backed lending markets on Morpho without their position size or balance exposed on a public explorer. https://t.co/8sTNqzIpnCx.com ↗
- RT @pendle_fi: Some highlights from August: • Launched the Pendle Ecosystem USDC vault on @MorphoLabs, co-curated with @wintermute_t Armig…x.com ↗
- Some highlights from August: • Launched the Pendle Ecosystem USDC vault on @MorphoLabs, co-curated with @wintermute_t Armigate, allocating across selected PT markets (6.11% APY total) • Released Arbitrage with CrossEx on Boros, turning a full funding rate arbitrage strategy https://t.co/TDXatTHW0cx.com ↗
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.
