Pendle's USDC vault on Morpho has been online for less than a day, and TVL has surpassed $16 million
Pendle's high-yield USDC vault on Morpho has been online for less than a day, and TVL has surpassed $16 million. The Morpho page shows that the total deposit amount of the vault is 16.02 million US dollars, with a net APY of 8.19%. This vault is jointly managed by Armitage, a vault management business under Pendle and Wintermute, and operates in parallel with the original Pendle Ecosystem USDC vault.