The RockawayX f(x) Protocol Ecosystem USDC Vault on Morpho has attracted over $1.2 million in USDC deposits. This means many users have deposited their stablecoins into the vault to earn yield. Instead of manually choosing different DeFi lending markets, users deposit USDC into one vault. RockawayX acts as the curator, meaning it helps determine where the vault’s funds are allocated and manages the vault’s risk parameters. The vault’s exposure is limited to fxSAVE and cbBTC-related markets, rather than spreading funds across many unknown or untested markets. This gives depositors a clearer idea of where their money is being deployed. At the time of the statement, USDC lenders were earning approximately 9.88% annually after applicable vault fees.
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