PT-sUSDD/USDT and PT-sUSDD/USDC markets officially launched on Morpho
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PT-sUSDD/USDT and PT-sUSDD/USDC markets officially launched on Morpho
Recently, the decentralized stablecoin USDD officially announced that the PT-sUSDD/USDT and PT-sUSDD/USDC markets have gone live on Morpho. Users can swap USDT for PT-sUSDD on Pendle, then collateralize PT-sUSDD on Morpho to borrow USDT or USDC and obtain liquidity. This strategy is supported by Gauntlet. Currently, the borrowing rates for related vaults are low; combined with PT-sUSDD’s annualized yield, there is room for leveraged (i.e., “looped”) lending operations. Theoretically, looping 10 times could generate an annualized return of nearly 30%. Users may participate according to their individual risk appetite.
Navigating Web3 tides with focused insightsTechFlow reports that on June 9, the decentralized stablecoin USDD officially announced the launch of the PT-sUSDD/USDT and PT-sUSDD/USDC markets on Morpho. Users can swap USDT for PT-sUSDD on Pendle and then collateralize PT-sUSDD on Morpho to borrow USDT or USDC for liquidity.
This strategy is supported by Gauntlet. Currently, the relevant vaults feature low borrowing rates; combined with PT-sUSDD’s annualized yield, there is room for leveraged (circular lending) operations. Theoretically, executing such a circular lending operation ten times could yield an annualized return of nearly 30%. Users may participate according to their individual risk appetite.
