Pendle’s high-yield USDC vault surpasses $16 million in deposits less than a day after its launch.

Pendle announced that its high-yield Pendle Ecosystem USDC Vault on Morpho surpassed $16 million in Total Value Locked (TVL) in less than a day after launch. Data from the Morpho page shows that as of press time, the vault’s total deposits have reached approximately $16.02 million, with a net APY of 8.19%. The vault is jointly managed by Pendle and Armitage, Wintermute’s vault management division, and operates in parallel with Pendle’s existing Pendle Ecosystem USDC Vault. Currently, Pendle has

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