Wu Shuo learned that, according to Token Terminal data, the FalconX Credit Vault TVL built by Pareto Credit and its partners has reached a new high of over $130 million, an increase of 110% since the beginning of this year. The core logic behind this is that Gauntlet allows Credit Vault holders to leverage their positions, using them as collateral to borrow USDC on Morpho for secondary purchases, creating a cycle of lending within predefined risk parameters.