Plume, an onchain vault manager, and ether.fi, known for its Ethereum liquid restaking protocol, have teamed up to launch a new yield-bearing real-world asset (RWA) vault.
As part of the initiative, ether.fi has "exclusively" allocated $100 million to the vault. The allocation comes from a mix of ether.fi's liquidity provider base, including funds, family offices, and high-net-worth individuals, as well as managed capital from its existing liquid vaults (that is, liquid ETH, liquid USD, and liquid BTC yield products), which collectively hold around $300 million in total value locked, Charles Mountain, head of ecosystem at ether.fi, told The Block.
"We're seeing very strong demand for earn products with institutional-grade risk and a reduced DeFi surface," Mountain said.
Plume co-founder and CEO Chris Yin told The Block that his team spent several months with ether.fi to better understand the demand landscape. "We then went out and sourced, did due diligence and constructed specific vaults that fit what the ether.fi ecosystem is looking for both for them as a partner and their users," Yin said.
The new vault, available directly through ether.fi's app, is aimed at giving ether.fi and its users access to yield from tokenized RWAs.
