One of the most important steps forward for @levelusd so far šŸ’« Part of lvlUSD’s reserves will now be allocated to @SteakhouseFi’s USDC vault on @MorphoLabs šŸ¦‹ The vault delivered a 7.07% APY over 6 months — outperforming Aave’s 6.36% USDC lending APY. Why this matters šŸ’” • Brings reserve diversification into play • Enables scalable slvlUSD yield generation • Prime vaults limit risk to blue-chip assets like wstETH, cbBTC, and wBTC. This comes on top of $lvlUSD, slvlUSD, and @pendle_fi PTs already being accepted as collateral on Morpho. Level šŸ†™
Level’s next evolution is here, powered by @MorphoLabs šŸ¦‹ Level will start allocating a portion of the USDC in lvlUSD’s reserves to prime vaults on Morpho, diversifying into more high-quality yield sources. Read more 🧵
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