Jumper Exchange, a well-known decentralized cryptocurrency exchange, has announced a new partnership with SeamlessFi P2P lending platform and Morpho Labs decentralized lending firm. The collaboration aims to offer DeFi vaults that offer high-APY opportunity for a limited time. The platform revealed this development on its official social media account.
Jumper Exchange, Seamless Protocol and Morpho Labs Collaborate to Offer High-APY Spot Vaults
Jumper Exchange’s partnership with Seamless Protocol and Morpho Labs focuses on offering high-yield vaults to enable seamless DeFi experience. These limited spot vaults provide huge annual percentage yields (APY) via deposits in USD Coin ($USDC) and Wrapped Ethereum ($WETH). This highlights a noteworthy opportunity with a capitalization of 1,000 cumulative spots. The project is anticipated to get rapid traction as the consumers are endeavoring to leverage competitive yields.
In line with the details of the latest vaults, the minimum deposit limit is $5,000 for each wallet for enhanced APY. Additionally, the maximum eligible capitalization is $10,000. Particularly, Seamless $WETH Vault is set to provide an 11% APY, which will be limited to nearly 600 spots. Along with that, Seamless $USDC Vaults is poised to offer almost 15% APY but its limit will be 400 spots.
Driving Yield Innovation and DeFi Composability
According to Jumper Exchange, the consumers need to quickly avail themselves of this opportunity, and it follows “first come, first served” principle. Additionally, this partnership marks the strengthening of yield innovation and DeFi composability. Hence, the interested people will require acting quickly to get passive income for their $WETH or $USDC coins.
