A new lvlUSD vault curated by @M11Credit is now live on @MorphoLabs 🦋

A major integration bringing crypto credit expertise to the heart of DeFi ✨

M11 Credit, part of the M11 group alongside VC firm Maven 11, is one of the most active credit underwriters in Web3, known for institutional-grade deal structuring and lending infrastructure. Their new dedicated lvlUSD vault on Morpho unlocks a powerful use case: lending lvlUSD for yield.

Here's what this vault enables:

→ Deposit lvlUSD to earn interest from @pendle_fi PT-lvlUSD borrowers: a yield-generating alternative to staking lvlUSD

→ Borrow lvlUSD by posting PT-lvlUSD as collateral at 91.5% LLTV.

💥 Launch rewards:

1. Liquidity bootstrapping phase:

Deposit lvlUSD to earn 10x Level XP. This phase only allows lvlUSD deposits, with borrowing activated at the $1M threshold.

2. Live market:

• Deposit lvlUSD: earn yield + 5x Level XP for a limited time

• Post PT-lvlUSD as collateral: 5x Level XP.

This is more than just a vault, it’s a key milestone in growing lvlUSD’s institutional adoption.

Level 🆙 and start here 👇

Lend lvlUSD → https://t.co/zz79DXueu8…

Borrow lvlUSD with PT-lvlUSD → https://t.co/lH9giq8fFX…

Disclaimer: Level is not available for users in restricted regions, including the US and sanctioned jurisdictions. Not financial advice. Do your own research.