Pendle said a vault product launched with Armitage, a Wintermute-linked entity, on Morpho has gathered about 50 million USDC in deposits roughly a week and a half after going live. The project shared the update in a post on X. According to Pendle, 230 depositors have participated in the product so far. The current annualized yield stands at 6.87%, based on the figures disclosed in the post. The update focuses on early deposit activity and reported yield for the vault since launch.
Pendle said in a post on X that its vault product launched jointly with Wintermute's Armitage on Morpho has attracted about 50 million USDC in deposits roughly a week and a half after launch.
According to Pendle, the product has so far drawn participation from 230 depositors, and its current annualized yield is 6.87%.
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