We build Ecosystem vaults with partners, unlike Core vaults, which we design end-to-end. Armitage brings the curation and risk management; the partner brings its product and distribution.
Pendle Ecosystem USDC
Live · EthereumThe Pendle Ecosystem USDC vault is an official Pendle ecosystem vault. Assets are selected and approved by the Pendle team. The vault allocates liquidity exclusively to selected PT collateral markets within the Pendle ecosystem, enabling deeper USDC borrow liquidity for PT-looping strategies.
Deployment details
| Field | Value |
|---|---|
| Chain | Ethereum |
| Asset | USDC |
| Vault infrastructure | Morpho Vault V2 |
| Target APY | 5–8% (correlated to market conditions) |
| Performance fee | 5% |
| Management fee | 0% |
| Force deallocate penalty | 0% (better UX for larger withdrawals) |
| Deployment address | 0x55C1B6e461a6334B567bAF0FEb5D728715446f05 |
| Owner | Safe Multisig 4/6 |
| Curator | Safe Multisig 3/5 |
Markets
The vault allocates exclusively to Pendle PT markets on Morpho:
| Market | LLTV |
|---|---|
| PT-reUSD-10DEC2026 / USDC | 91.5% |
| PT-sUSDS-26NOV2026 / USDC | 91.5% |
| PT-USDG-24SEP2026 / USDC | 91.5% |
Timelocks
Timelocks for specific functions follow Morpho's requirements. Critical changes (e.g. the addition of a new market) are delayed by at least 3 days before execution. More critical actions are delayed by 7 days. The exact timelock specifications are visible on the Morpho UI alongside other technical specifics.
New market additions in Ecosystem vaults are subject to Armitage's full due diligence process, see Risks & Monitoring.