Pendle's USDC Vault Surpasses $60M, Becomes Largest Armitage Vault

Pendle's USDC Vault on Morpho has achieved a significant milestone, surpassing $60 million in deposits. This marks the largest and highest-yielding Armitage vault to date, according to Pendle's announcement.

The growth of this vault reflects users chasing favorable yields or trusted curators. The scale of the deposit suggests that a meaningful pool of capital has decided this particular product is worth parking funds in, at least for now.

This milestone puts Pendle in a stronger position among Armitage-curated vaults, and it illustrates how quickly capital can concentrate around a single well-marketed product. The broader cryptocurrency market remains mixed, making Pendle's deposit growth stand out as a distinct data point.