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The first USD1 vault has launched on Morpho, deployed on the Monad network.
The entire vault was curated by Steakhouse, with Reservoir providing collateral management. Users can borrow USD1 and earn returns by using various assets as collateral.
The net annualized yield (Net APY) is approximately 13%. Operation is simple: cross-chain USD1 to Monad via LayerZero and then deposit it into the vault.
This is another real-world application of LibertyVoir, a product of WLFI.
WLFI
@worldlibertyfi
04-01
USD1 use cases, continued:
→ First @Morpho vault, live
→ First DeFi presence on @Monad
→ Curated by @SteakhouseFi
→ Built by @reservoir_xyz.
That's a lot of firsts. 🦅☝️ x.com/reservoir_xyz/…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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