Yield infrastructure gaining momentum with Morpho vaults raising $50M, Steakhouse hitting $200M stablecoin cap, and OpenSea bridge launching across 26 chains; TVL surged 158% to $147M.
DeFi & Yields ·
Yield infrastructure products are experiencing rapid adoption across multiple protocols. Morpho vaults using USDG have accumulated $50 million, while Steakhouse's stablecoin offering has reached a $200 million market cap. Lighter is building a perpetual decentralized exchange that uses USDG as its quote asset, with early projects including Sherwood and $CASHCAT migrating to the ecosystem.
The infrastructure's reach is expanding considerably. The OpenSea bridge launched across 26 chains, establishing what is described as a meaningful liquidity onramp for the ecosystem. Total value locked surged 158 percent in a single day to reach $147 million, signaling accelerating capital deployment.
Initial trading metrics show substantial volume, with Uniswap hitting $250 million in volume during its first week. What remains unclear is whether these growth rates can sustain beyond their initial launch phases, and how the yield products will perform across different market conditions.