📝 Editor’s Note:
In the broadest sense, vaults are places where users put their capital when seeking an outsized, risk-adjusted return. People started applying the term when Yearn Finance kicked off "DeFi Summer" in 2020. Yearn vaults were complicated under the hood — they involved providing liquidity in DEXs, farming CRV rewards, and more.
Vaults have come a long way since, and there's been a resurgence as lending protocols like Morpho, Euler and Kamino, have allowed for customized vault creation for financial curators. These vaults enable sophisticated curators to transparently lend out users' deposited assets to borrowers while maximizing yield through market selection.
For example, a curator might allocate deposited USDC to borrowers across collateralized ETH, WBTC, and stETH, depending on the best risk-adjusted rates.
Today we're zooming in on one such curator, Re7 Labs, to get a view of the vault curator's onchain latest.
– ON Editorial Team
🧙 Featured Analyst: Re7's Jared Hedglin | Company Website
Re7 Capital is a DeFi centric investment company which has been providing liquidity in DeFi since 2019 by deploying capital across yield strategies as well as liquid venture investing. Its innovation arm, Re7 Labs, is focused on onchain risk curation, vault management, and DeFi ecosystem design.
Re7 Labs is curating vaults across all major lending protocols, like Morpho, Euler, Silo, Mellow, and Kamino, while managing over 100 pools on 14 chains. Re7 launched its first vault on Morpho in February 2024 where its rapid growth has been driven by sustained yields. The average deposit APY across pools, vaults, and managed strategies now sits at 8.94%.
Re7 crossed $550M of TVL in mid-May, placing it among the top five DeFi curators globally. Euler accounts for 33% of all vault TVL, Mellow sits at ~28% via the rstETH restaking vaultalone, and Turtle Club with 17%, and Morpho sits at ~10% of the share. Euler’s share has grown the fastest since April, growing from $50M in April to $180M today, with an outsized growth in the Avalanche cluster.
