TechFlow reports that on February 4, the Movement Network Foundation announced the launch of Cornucopia, a one-year liquidity program with an initial size of $721 million. The program is divided into four main vault categories—BTC ($300 million), ETH ($225 million), stablecoins ($190 million), and MOVE ($6 million)—managed by Concrete and Veda. Users depositing assets will face an 8-week lock-up period, after which they can earn returns through the upcoming Movement Public Mainnet Beta.
The detailed allocation includes three BTC vaults: Lombard, SolvBTC, and Lorenzo BTC, primarily aimed at providing liquidity for DEXs and lending platforms. The ETH segment comprises EtherFi and Renzo vaults, supporting DEX and lending operations. The stablecoin portion is mainly allocated to Ethena, with a $150 million allocation. The MOVE vault will open soon.
This initiative aims to provide ample day-one liquidity support for the Movement DeFi ecosystem, fostering the growth of ecosystem projects and the community. The first phase has already launched, with subsequent phases rolling out alongside the mainnet Beta release.
