Introducing Presto Vaults on Morpho

Vaults Presto
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Background

Presto is a Singapore-based algorithmic trading and financial services firm founded in 2014. Our business spans proprietary trading, liquidity provision, OTC spot trading, structured products, asset management, and investment research, alongside a hedge fund recognized by BarclayHedge as #1 for Net Return. Presto trades over $13B in daily volume (more than $500B annually) and executes over 100 million trades per day, placing us among the world’s top 5 digital asset traders by market share. Our team of 100+ engineers and researchers serves 100+ institutional clients across digital assets and traditional finance. Our DeFi desk has managed over $100M across DeFi protocols for several years, delivering some of the most competitive fixed rates in the market to our clients without a single incident.

Risk Management

Our risk process covers the full lifecycle of a market, from underwriting before listing to monitoring and emergency response in operation.

  • Every collateral asset completes a written risk assessment covering smart contract risk, liquidity risk, and oracle risk. RWA collateral is additionally reviewed for issuer quality, collateralization structure, and legal framework.
  • Caps are sized relative to the collateral’s on-chain liquidity so that even a worst-case allocation does not put the vault at critical risk. Increases require a fresh risk review and go through the timelock.
  • Markets are sized and allocated to keep withdrawal liquidity available under normal conditions, with concentration limits per market and utilization thresholds that trigger reallocation reviews.
  • Utilization, liquidity depth, oracle integrity, and borrower health are monitored daily through automated tooling, with predefined escalation procedures for alerts.
  • Our Sentinel will deallocate funds or cut caps immediately for compromised markets without a timelock. Emergency events will be disclosed publicly.

Vaults

Presto USDC Prime

Conservative exposure for depositors prioritizing capital preservation and instant redeemability. The vault lends exclusively against WBTC.

Parameter Detail
Asset: USDC
Chain: Ethereum
Markets: WBTC/USDC
Target APY: 3–5% (correlated to market conditions)
Performance fee: 10%
Management fee: 0%
Vault address: 0x133614490896bc02C774bc3399E4Db1B6D05a2CA

Presto USDC Forte

Higher yield through diversified exposure to over-collateralized private credit RWA collaterals. Every asset is assessed for issuer and counterparty quality, collateralization structure, oracle integrity, and liquidity behavior under stress before onboarding.

Parameter Detail
Asset: USDC
Chain: Ethereum
Markets: AA_FalconXUSDC/USDC, wFalconX/USDC, wJAAA/USDC
Target APY: 5–8% (correlated to market conditions)
Performance fee: 15%
Management fee: 0%
Vault address: 0x68A65f315BCd3C3456d1368Ff88bC661856548E1

Transparency

Every allocation, role assignment, timelock, and proposed change is observable at any time through the Morpho dashboard. Critical changes such as the addition of a new market are delayed by at least 3 days before execution. More critical actions are delayed by 7 days.

Resources