Data: Robinhood Earn vault currently has a TVL of $16 million, with an APY of 7.1%

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Odaily Planet Daily News: Tom Wan, data lead at Entropy Advisors and a former analyst at 21.co, posted on X that the Robinhood Earn vault managed by Steakhouse Financial on Morpho currently has a TVL of $16 million and an APY of 7.1%, of which 1.7% comes from the protocol’s own yield and 5.4% comes from incentive subsidies.

Tom Wan said that Robinhood allocates an annual USDG incentive budget of $115 million for this vault. Based on the current incentive ratio of about 5%, it could theoretically support a deposit scale of approximately $2 billion, corresponding to a TVL potential of $1.5 billion to $2.5 billion.

MORPHO-0.61%
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