PENDLE's vault launch on Morpho
pulled in approximately $15 million in deposits within its first hour, even as the token consolidates after a monthly
↘14.55%
decline.
Product launches driving deposits
The protocol rolled out multiple initiatives over the past week, including the vault offering approximately 14% returns
and
expanded incentive programs, while trading volume remained higher than the broader market average.
New vault attracting early interest
The USDC vault on Morpho, built in partnership with Wintermute's vault team, offers investors approximately 14% yearly returns plus weekly token rewards.
Incentive programs expanding capacity
The protocol increased its PT Looping program cap to approximately $15 million
on August 19th, with potential returns reaching approximately 53.7% across new pools on lending platforms.
Trading activity shows mixed patterns
Sell activity outpaced buy activity by roughly 1.37 times over the past 24 hours, though traders maintained positions with funding costs at approximately 0.01% (around 11.4% yearly).