Term-locked strategy
Term vaults (docs) target a 10% liquidity rate held in repo and the remainder programmatically allocated to a simple buy-and-hold strategy of collateral assets with a fixed maturity, such as PT rolling strategies.
Term collateral includes, for example, Pendle PT tokens held to maturity. The collateral selected fits our risk framework to mitigate solvency risks.
Positions are intended to be held for an extended period (>30 days) to avoid slippage from swapping into positions from diluting the NAV.
Uses Steakhouse Box custom adapters to extend the noncustodial features of Morpho v2 vaults to additional strategies beyond borrow/lend. As this vault does not use the Morpho adapter registry, it is not available on the Morpho frontend.
Box HY USDCBox | CC | |||
Smokehouse USDCMorpho Vaults V1 | CC |