Announcing sky.money USDC & USDT Risk Capital Vaults
We’re excited to announce the expansion of sky.money’s curator presence on Morpho with two new vaults: the sky.money USDC Risk Capital Vault and the sky.money USDT Risk Capital Vault, each paired with a dedicated stUSDS-collateralized market.
sky.money USDC Risk Capital Vault
This vault accepts USDC deposits and deploys them exclusively into the stUSDS / USDC Morpho market.
Allocations are directed exclusively to a single market, with no fees and no global cap at launch, and are designed to support early-stage growth while preserving conservative risk parameters.
Vault yield is driven by market utilization and borrowing demand, with additional rewards distributed during the initial launch phase via Merkl.
stUSDS / USDC Market
The stUSDS / USDC market allows users to:
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Deposit stUSDS as collateral
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Borrow USDC against it under a conservative initial LLTV of 86%
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Enable looping strategies that increase demand for stUSDS and deepen USDC liquidity
The market uses Morpho’s adaptive interest rate model and is seeded to ensure healthy utilization at launch.
sky.money USDT Risk Capital Vault
This vault accepts USDT deposits and deploys them exclusively into the stUSDS / USDT Morpho market.
Allocations are directed exclusively to a single market, with no fees and no global cap at launch, and are designed to support early-stage growth while preserving conservative risk parameters.
Vault yield is driven by market utilization and borrowing demand, with additional rewards distributed during the initial launch phase via Merkl.
stUSDS / USDT Market
The stUSDS / USDT market allows users to:
-
Deposit stUSDS as collateral
-
Borrow USDT against it under a conservative initial LLTV of 86%
-
Enable looping strategies that increase demand for stUSDS and deepen USDT liquidity
The market uses Morpho’s adaptive interest rate model and is seeded to ensure healthy utilization at launch.
Rewards & Incentives
At launch, Sky is providing USDS incentives via Merkl to bootstrap liquidity and reward early depositors across both vaults. Incentives are continuously distributed, with amounts set on a weekly basis.