Re7 Capital
@re7
1/ #DeFi on @base is growing, and one of the hot new protocols is @morpho. Re7 Labs has been enabling various Morpho supply vaults since its launch on Base, and now you can access Morpho Blue directly on @Farcaster. Try it with by using this frame to supply to the mDEGEN vault, curated by Re7 Labs. http://degen.re7.dev
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Re7 Capital
@re7
2/ Morpho Blue is a new lending primitive that allows permissionless creation of collateral and borrow pairs. Unlike older lending protocols, Morpho Blue allows flexibility for any asset and new interesting combinations. Even with new tokens like $DEGEN. Re7 has been a fan of the /degentokenbase community Morpho Blue also moves to a new model where risk curators can create specific vaults that combine any set of available Morpho Blue pairs. This opens a whole new avenues for DeFi. The mDegen vault, curated by Re7 Labs, supplies $DEGEN into Morpho Blue. Users can get native yield from lending $DEGEN and on top get $MORPHO token rewards. With Morpho's launch on Base, users can also take advantage of new DeFi integrations like this farcaster frame. Supply right from the timeline into Morpho Blue markets and start participating in the growing Base DeFi ecosystem.
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TheModestThief🎩
@thief
hey i missed this announcement somehow - the native yield right now on the vault is 0%, am I missing something here?
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mike rainbow (rainbow mike) ↑
@mikedemarais.eth
it’s now yielding 35% btw
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TheModestThief🎩
@thief
Thanks for letting me know! Do you know when did the yield distribution begin?
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mike rainbow (rainbow mike) ↑
@mikedemarais.eth
nope when i had first seen this vault a few weeks ago it was at sub 1% APY
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