six pfp
six
@six
alright i'm onboard for the defi renaissance
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kugusha 🦋 pfp
kugusha 🦋
@kugusha.eth
How do I onboard you to Morpho now? 🦋
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six pfp
six
@six
Do I just deposit some USDC there and i'll earn yield?
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kugusha 🦋 pfp
kugusha 🦋
@kugusha.eth
yes. USDC, ETH, BTC (wbtc, cbbtc, lbtc), DAI yield comes from the interest that borrowers are paying + rewards in tokens (6.5% in MORPHO for lenders, but there're some vaults w other rewards e.g. $WELL, $ION) each vault has it's own curator who decided to which underlying markets the liquidity is supplied. e.g. your USDC can be lent against wstETH (blue-chip) or ETH+(medium risk). could go into details further, but will let you click though it first - https://app.morpho.org/
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