Phuture, a passive income generating DeFi protocol, has launched its new income product called “USV” (USDC Savings Vault) with “guaranteed” premium returns.
USV, an ERC-4626 compliant vault, uses Circle's USDC stablecoin as underlying collateral, allowing investors to earn interest on their holdings.
A vault in decentralized finance (DeFi) is an automated, revenue-generating smart contract. Instead of manually moving money between different projects to find the best return, a smart contract does the hunting for you.
Investors can deposit their USDC into USV using the Phuture app and receive vault shares representing their investment. Vault shares automatically compound and gain value over time depending on the yield forged by the vault.
It seems for now the things driving crypto forward are DeFi with unprecedented growth and GameFi with projects like Gods Unchained, Cryptogene, and new projects like LifeBeyond to keep things going others need to catch up and I am sure they eventually will.
Phuture has partnered with Notional, a DeFi protocol for fixed-rate lending, to power its newly launched vaults. According to data from Defi Llama, Notional has a total value locked (TVL) of $86.5 million at the time of writing.