Pendle High-Yield USDC Vault on Morpho Surpasses $16M TVL in Under 24 Hours

KuCoinFlash

Release Time: 2026/10/15 12:04:57

Summary

Pendle’s high-yield USDC vault on Morpho reached $16.02 million in TVL within under 24 hours, according to on-chain news from Blockbeats. Launched on October 15, 2026, the vault offers an 8.19% net APY and is co-managed by Pendle and Armitage. It directs USDC liquidity into high-yield PT collateral markets to support ecosystem growth. The vault complements the existing Pendle Ecosystem USDC vault, expanding access to additional PT markets.

BlockBeats news, on October 15, Pendle announced that its Pendle ecosystem high-yield USDC vault on Morpho surpassed $16 million in TVL within less than a day of launch. According to the Morpho page, the total deposits in this vault have now reached approximately $16.02 million, with a net APY of 8.19%.

This vault is jointly managed by Pendle and Armitage, Wintermute’s vault management division, and operates in parallel with the existing Pendle Ecosystem USDC vault. Pendle currently has two USDC ecosystem vaults on Morpho.

Compared to the original vault, the new vault covers a broader range of PT markets, allocating USDC liquidity to selected high-yield PT collateralized lending markets to provide increased borrowing liquidity for PT circular lending users. Pendle states that the associated borrowing demand supports vault yields, thereby attracting more deposits.

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