Prime is the conservative tier of our Core vaults. Prime vaults consist of existing blue-chip high-TVL markets on Morpho, providing yield with conservative risk exposure. It targets conservative profiles prioritizing capital preservation, exclusively blue-chip collateral with deep liquidity and well-understood risk parameters.
The Prime tier is represented by the Wintermute USDC Prime and Wintermute USDT Prime vaults on Ethereum.
Vaults
Deployment details
| Field | Value |
|---|---|
| Vault infrastructure | Morpho Vault V2 |
| Force deallocate penalty | 0% (better UX for larger withdrawals) |
| Owner | Safe Multisig 4/6 |
| Curator | Safe Multisig 3/5 |
Markets
Prime allocates exclusively to blue-chip Morpho markets:
USDC vault
| Market | LLTV |
|---|---|
| cbBTC / USDC | 86% |
| wstETH / USDC | 86% |
| WBTC / USDC | 86% |
USDT vault
| Market | LLTV |
|---|---|
| cbBTC / USDT | 86% |
| wstETH / USDT | 86% |
| WBTC / USDT | 86% |
| XAUt / USDT | 77% |
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.
Prime only enters markets with established collateral and deep liquidity. New market additions are subject to Armitage's full due diligence process, see Risks & Monitoring.