Bitwise expands PAPY vault to Arc network with 5-6% USDC yield
- —The vault accepts USDC deposits and issues loans collateralized by tokenized RWAs
- —Target yield is 5-6% per year, deployed via the Morpho protocol
- —Collateral includes Huma Finance and USDai assets, with excess liquidity going to cirBTC markets
- —Bitwise sets the vault parameters but does not custody user funds
Why it matters: Expanding PAPY to Arc strengthens the link between institutional asset management and DeFi lending backed by RWAs.
Source: Cryptonews.net