MEV Capital recently launched a new vault in collaboration with the Usual team.This post outlines all the details of this product.
About MEV Capital
MEV Capital is a fund with over $350m in assets under management, specializing in optimizing investment strategies in DeFi under a market neutral mandate. MEV Capital is already active on Morpho through several vaults including ETH-based, BTC-based and USD-based markets.
Highlights
The Usual Boosted USDT Vault was whitelisted on September 24rd on Morpho Vaults. It allows exposure to the Usual ecosystem across a USD0++/USDT market.
Vault Info
- Address : 0x225C119fFaf1CaddCfCDb493283eDF4b816Bf773
Market Specifications
The Usual Boosted USDT Vault allocates capital to the following markets:
-
USD0++/USDT (86%)
- Collateral Asset : USD0++
- Borrow Asset : USDT
- Supply Cap : 25M USDT
- LLTV : 86%
- Oracle : Hardcoded price
- IRM : Adaptive Curve 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC
- Incentives : earn 3 Pills per day
-
WBTC/USDT (86%)
- Collateral Asset : WBTC
- Borrow Asset : USDT
- Supply Cap : 10M USDT
- LLTV : 86%
- Oracle : Chainlink - BTC/USD (0.5%) - 0x008bF4B1cDA0cc9f0e882E0697f036667652E1ef
- IRM : Adaptive Curve 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC
-
wstETH/USDT (86%)
- Collateral Asset : wstETH
- Borrow Asset : USDT
- Supply Cap : 10M USDT
- LLTV : 86%
- Oracle : Chainlink - USDT/ETH (1%)
- IRM : Adaptive Curve 0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC
Vault Fee
The performance fee for the vault is fixed at 8%.
Next steps
As with the MEV Capital curated vaults, the MEV Capital Usual Boosted USDT plans to be integrated into the Aragon guardian module. This integration enhances the vault’s security via a decentralized governance.
Regular updates will be provided to reflect the latest composition of the vault.