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Pendle and Armitage Launch USDC Vault on Morpho, Hits $15M TVL in One Hour

Capital Flow Project Progress Partnerships & Ecosystem

2026-08-13 09:22:21

USDC-0.02%

According to Foresight News, Pendle and Armitage, the vault curation arm of Wintermute, launched a USDC vault on Morpho on August 13. The vault reached $15 million in total value locked within one hour of launch, up from approximately $2 million. Users depositing USDC earn yields from PT lending demand at an annualized rate of approximately 27.84%, plus weekly 7,500 PENDLE token rewards. Pendle also activated PT Looping incentives, offering an additional 2% annual yield on top of fixed PT returns, with 10x leverage equivalent to roughly 20% annual yield enhancement through August 27.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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