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The deposit size of the encrypted lending vault has exceeded 10 billion US dollars, an increase from 4 billion US dollars at the beginning of last year. This type of product relies on DeFi smart contracts to operate, with annualized returns ranging from 3% to over 20%. Participants include fintech companies, crypto treasuries, and hedge funds. Two Prime launched a Bitcoin lending vault on Pareto in September, using WBTC as the target, with an annualized target of 1.5% to 2%. The minimum deposit threshold for 5 WBTCs was set, and the institution invested millions of dollars in its own funds to bear the first round of losses.