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There's a new vault here with a high APY, depositing USD1. I checked, and the underlying assets are mostly USD1, followed by 122,000 WSRUSD. The APY is 14.47%, all incentivized with MON tokens. This vault only launched on March 31st. MON token rewards are claimed on Merkl, currently awarding $463 worth of MON tokens daily, which isn't much. You can check out the underlying assets of WSRUSD here: app.reservoir.xyz/reserves This is not investment advice. There are frequent issues on the blockchain right now, and the risk is too high. Please be responsible for your funds.
Reservoir
@reservoir_xyz
03-31
Introducing the first USD1 vault on @Morpho
Powered by Reservoir, @worldlibertyfi, @SteakhouseFi and @monad
We are thrilled to announce the first Morpho vault for USD1 with collateralization facilitated by Reservoir.
Curated by Steakhouse
Live on Monad
Starting today, users
This isn't investment advice, so please don't ask me. I've analyzed the underlying assets for you, and the rewards aren't much; it's not something you absolutely have to play...
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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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