MEV Capital recently launched a new vault in collaboration with the M^0 team.This post outlines all the details of this product.
About MEV Capital
MEV Capital is a risk management firm specializing in optimizing investment strategies in DeFi under a market-neutral mandate. MEV Capital is currently active on Morpho through several vaults including ETH-based, BTC-based and USD-based markets on both Ethereum & Base chains.
Highlights
The MEV Capital M^0 vault was whitelisted in November 2024 on Morpho Vaults. The vault allows exposure to the M^0 stablecoin ecosystem across different markets.
In addition, Usual stablecoin allows to generate Pills incentives (2 Pills per day for M^0 vault suppliers) on-top of Morpho utility tokens, so as to offer a competitive and diversified yield on a stablecoin basis.
Vault info
- Address : 0xfbDEE8670b273E12b019210426E70091464b02Ab
- Symbol : MC.wM
Market Specifications
The MEV Capital M^0 vault allocates capital to the following market:
- Pair : USD0++/wM
- Collateral Asset : USD0++
- Borrow Asset : wM
- Supply Cap : 10M wM
- LLTV : 86%
- Dedicated oracle : 0x1325Eb089Ac14B437E78D5D481e32611F6907eF8
- IRM Adaptive Curve : 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC
Vault Fee
The performance fee for the vault is fixed at 10% and auto-invested on the supply side of the vault.
Next steps Q4 2024
As with the MEV Capital curated vaults, the MEV Capital M^0 vault is currently in process of integration into the Aragon guardian module. This integration enhances the vault’s security and its decentralization.
Regular updates will be provided to reflect the latest governance and composition updates of the vault in case of change, including a 24-hour timeclock on each initiation.