Summer.fi Enhances DeFi Lending with Steakhouse Metamorpho Vaults

Summer.fi Bolsters DeFi Lending with Steakhouse Metamorpho Vaults

What's New?

Summer.fi, a leading DeFi platform, has integrated Steakhouse Metamorpho Vaults, empowering users with enhanced yield opportunities for their crypto assets.

How Do They Work?

Metamorpho Vaults are curated by Steakhouse Financial, a crypto-native consultancy and strategic advisor to Morpho Blue, a trustless lending protocol. These vaults offer a "dual engine" approach, combining blue-chip real-world assets (RWAs) and crypto collateral to underpin stablecoin and ETH vaults.

What Are the Benefits?

Steakhouse Metamorpho Vaults offer Morpho rewards for deposits in USDC, ETH, WBTC, USDT, and PYUSD, with additional wstETH rewards for USDC and ETH deposits. This integration provides passive, all-weather lending opportunities tailored to different market cycles.

How to Access the Vaults?

Users can access Steakhouse opportunities via the "Earn" tab on Summer.fi. They can choose their preferred vault and deposit using any available stablecoin or LST for the ETH vault. Additionally, users can transfer their positions from existing lending protocols like Compound or AAVE to take advantage of these new yield offerings.

Unique Features

Summer.fi offers unique features such as real-time earnings tracking and a 30-day yield average, which are not available on other platforms. Deposits into Metamorpho Vaults are seamlessly integrated through the ERC4626 yield-bearing token standard.

Significance for DeFi

Steakhouse Metamorpho Vaults mark a significant step towards making DeFi more accessible and reinforcing Summer.fi's position as the primary platform for DeFi lending and borrowing.

About Morpho

Morpho is a decentralized protocol that enables overcollateralized lending and borrowing of crypto assets on the Ethereum Virtual Machine. Its latest protocol, Morpho Blue, provides a trustless base layer for lenders, borrowers, and applications.

About Steakhouse

Steakhouse Financial is a strategic advisor to Morpho Blue and a curator for MetaMorpho Vaults. Its mission is to foster an open and transparent financial system through services like financial reporting, RWA management, and strategic advice.

About Summer.fi

Summer.fi is a DeFi platform that allows users to borrow stablecoins against their cryptocurrencies, increase exposure using "multiply," or earn competitive yields. It aggregates multiple protocols and layers into a single platform.

Contact

For further information, contact:

Summer.fi, press