Key Takeaways:
Stable launched StableEarn on May 26, with the first Morpho vault backed by Theo’s 3 RWA products.Gauntlet curates risk for the vault, overseeing more than $1B in assets across the Morpho protocol.Theo’s thBILL, thGOLD, and thUSD target USDT holders seeking yield tied to real-world market returns.The first vault runs on Morpho, an onchain lending protocol. Risk parameters are curated by Gauntlet, a risk management firm with more than $1 billion in assets under curation and one of the longer-standing curators on the Morpho protocol.
The yield is sourced through Theo, a real-world asset platform co-founded by former quantitative traders from Optiver and IMC. Theo’s products sit at the center of the vault’s strategy.
Both companies positioned the vault as an early step. More vaults and yield strategies on the Stable network have not been announced, but the infrastructure is in place for additional products.
