Robinhood Earn Vault Hits $16M TVL with 7.1% APY on Morpho

MORPHO-0.48%
According to Tom Wan, an analyst at Entropy Advisors and former analyst at 21.co, Robinhood Earn's vault managed by Steakhouse Financial on Morpho has reached a TVL of $16 million with an APY of 7.1%. The APY comprises 1.7% from protocol yield and 5.4% from incentive subsidies. Robinhood allocates $115 million USDG annually to incentivize the vault.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments