Wintermute launches Armitage vault curation on Morpho with $145M in deposits
- —Armitage launched May 19, 2026, with two USDC vaults: Prime and Select
- —USDT vaults with 3–5% target APY were added in September 2026
- —Deposits and withdrawals are non-custodial via Morpho smart contracts, with no KYC
- —Wintermute handles liquidations in-house instead of relying on third-party liquidators
Why it matters: A major market maker entering DeFi lending intensifies competition among Morpho curators and broadens the collateral types available to depositors.
Source: Crypto Briefing