Steakhouse MetaMorpho Vaults on Summer.fi
Starting today, you can earn on your crypto investments with the latest release: Steakhouse Metamorpho Vaults. That's right—by depositing USDC, ETH, USDT, or USDPY, you can now earn Morpho rewards. For those of you using USDC, there's even the cherry on top with wstETH rewards, all while using Summer.fi.
Now, let's dive into why this matters to you.
Steakhouse has meticulously selected the best Morpho markets to lend in, ensuring you a positive yield that beats the risk-free rate for stablecoins and offers a substantial ETH yield—all while taking on significantly less risk compared to other lending protocols like Compound or Aave. This is because Metamorpho Vaults focuses on blue-chip collaterals, reducing your exposure to governance risks.
Curious about how you can start reaping the benefits of this opportunity?
Simply visit summer.fi/steakhouse, select the Vault that aligns with your needs, and deposit your preferred stablecoin or LST for the ETH vault, with minimal to no swap fees. It's a seamless process designed for the experience.
You might be asking, "Isn't this something I can find elsewhere?"
While it's true that app.morpho.org offers a similar service, only on Summer.fi can you track your earnings to date alongside a 30-day yield average, giving you unparalleled insights into your assets performance.
How does it work?
Depositing into Metamorpho Vaults is made remarkably straightforward and efficient, thanks to a seamless integration with the innovative ERC4626 standard for yield-bearing tokens.
Whether setting up a DeFi Smart account for the first time or using an existing one, the process is designed to be as straightforward as possible. This ensures you're well on your way to optimizing your crypto investments with minimal fuss.
With this latest integration, Summer.fi stands to be the go-to dApp to manage your positions in DeFi.
Migrate your Aave or Compound lending positions in 1 transaction.
You can easily boost your current yield by moving your existing Aave and Compound lending positions straight into the Metamorpho Vaults, in the same transaction. Just select them from the dropdown and choose how much you want to deposit and earn the extra token rewards along with the yield.
Getting in touch
If you have any questions regarding Summer.fi, contact us at support@summer.fi or our social media.