March 25, 2024

Leading DeFi (decentralized finance) platform Summer.fi has announced the launch of support for Steakhouse Metamorpho Vaults, enhancing the way users access yield for their crypto assets.

MetaMorpho is a permissionless risk curation protocol on top of Morpho Blue, a novel trustless lending protocol integrated by Summer.fi in January 2024.

Curated on-chain opportunities with a dual engine

Metamorpho Vaults are curated by Steakhouse Financial, a leading crypto-native boutique consultancy firm and a strategic advisor to Morpho Blue.

Steakhouse curates multiple stablecoin and ETH vaults, underpinned by blue-chip RWA (real-world asset) and crypto collateral alike – an approach the team refers to as ‘dual engine.’

Steakhouse Metamorpho Vaults offer Morpho rewards for deposits in USDC, ETH, WBTC, USDT and PYUSD, with USDC and ETH deposits also earning additional wstETH rewards.

This integration caters to individuals looking for passive, all-weather lending opportunities across different market cycles.

Steakhouse curates available Morpho Blue markets, aiming to provide access to yields above the risk-free rate for stablecoins and competitive ETH yields.

Morpho Blue is a novel DeFi primitive whose modular architecture offers a differentiated proposition relative to other monolithic, vertically integrated, lending protocols.

How it works

Users interested in taking advantage of these opportunities can visit Summer.fi and access Steakhouse opportunities on the ‘Earn’ tab to choose their preferred vault and deposit using any available stablecoin – or with any LST for the ETH vault, users will be able to move their positions from existing lending protocols like Compound or AAVE to take adv

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Author: Press Release

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