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kugusha 🦋
@kugusha.eth
where the yield comes from on @morpho > each vault supplies the liquidity to a set of markets (wstETH/USDC, cbBTC/USDC ...) > borrowers are paying interest on their USDC loan (6% wstETH/USDC, 4%cbBTC/USDC ...) > the net APY for a specific vault is calculated as a weighted average based on the liquidity allocated to each market > all vaults on the lenders side are rewarded in $MORPHO tokens. Current price of $1.28 it translates to 2.75% on any deposit.
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kugusha 🦋 pfp
kugusha 🦋
@kugusha.eth
cc @0xdesigner hope this is helpful
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0xdesigner
@0xdesigner
yes might ape ty
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