Huma Finance’s newly launched USDC Main Vault on Morpho has blown past $16 million in deposits within days of going live.
The vault, built in collaboration with crypto investment firm RockawayX, represents Huma Finance’s first major push into Ethereum-based DeFi lending. It allows USDC depositors to gain exposure to the Huma PayFi Strategy Token, known as $PST, which derives its yield from cross-border payment receivables rather than token emissions.
How the vault actually works
The Morpho integration allows $PST holders to borrow USDC against their positions without having to sell, enabling depositors to earn yield from payment flows while retaining access to liquidity without liquidating their positions.
Morpho holds over $10 billion in total deposits and already carries more than $1 billion in real-world asset exposure.
