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LIVE: Borrow against your upUSDC on @MorphoLabs
The upUSDC/USDC market is now live on Morpho, with $164M+ liquidity supplied from @mevcapital curated USDC vault.
To deploy reliable and high-fidelity price-feeds, we work with @eoracle_network so redemptions and liquidation can run smoothly.
✳️ What is upUSDC?
→ upUSDC is the liquid receipt token for the Upshift USDC vault
→ The vault and receipt token accrue yield via lending USDC to overcollateralized institutional borrowers
✳️ How does this help me earn more yield?
→ Deposit to the Upshift USDC vault to earn 7.6% APY and receive upUSDC
→ Borrow USDC against upUSDC and re-deposit into the Upshift USDC vault for additional yield.
→ upUSDc deposits on Morpho will also earn 5x upshift points
Deposit upUSDC on Morpho for 5x points:
Last week, upUSDC was added to Pendle. This week - it's live on Morpho. Where next?
MORE COMPOSABILITY = MORE YIELD

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