Pendle USDC vault surpasses $60M on Morpho

• Pendle’s USDC vault on Morpho has surpassed $60 million in deposits.
• The vault has become the largest Armitage ecosystem vault by deposits.
• The vault directs USDC liquidity into selected Pendle markets on Morpho.

Pendle’s USDC vault on Morpho has surpassed $60 million in deposits, reaching about $60.9 million.

The vault is managed through Armitage by Wintermute and runs on Morpho’s Ethereum-based lending infrastructure.

Pendle said the vault has become the largest Armitage vault currently operating, based on deposits.

The vault directs USDC liquidity into selected Pendle Principal Token markets on Morpho.

The selected markets include PT-reUSD, PT-sUSDE, PT-sUSDS and PT-USDG, each with a 91.5% loan-to-value limit.

Morpho’s current data shows the Pendle Ecosystem USDC vault holding about $60.99 million in USDC.

The milestone gives Pendle a larger pool of USDC liquidity within Morpho’s lending ecosystem as the vault continues operating on Ethereum.