The Movement ecosystem recently announced Cornucopia: a year-long program to jumpstart Movement DeFi liquidity. Cornucopia is about abundance, about juicy harvest, about great potential bounty for all who participate. It will feature several phases.
Phase 1 began last week.
Today, most Cornucopia vaults have opened:
Intro to Cornucopia
Cornucopia has numerous vaults grouped under 4 categories: BTC, ETH, stablecoin, and MOVE vaults. Concrete and Veda manage the vaults. Users can deposit compatible assets to these vaults. After an 8-week lockup period, assets unlock and flow back to users through Movement apps on Movement Public Mainnet Beta (coming soon).
You can deposit select BTC, ETH, and stablecoin assets into Cornucopia vaults today.
The MOVE vault will open soon.
Cornucopia Program Objectives
Cornucopia Phase 1 aims to open the floodgates. It aims to use these vaults to create deep day-one liquidity for our amazing builders and community. Cornucopia shoots to give Movement DeFi rocket fuel from day one. At Movement Network Foundation, we want everyone to experience the speed, security, and ease of Movement DeFI as soon as possible.
Here's everything you need to know about the vaults:
BTC Vaults ($300M)
DEX Liquidity - wBTC and LBTC ($100m total) - flows to Meridian
Lending Liquidity - LBTC ($20m total) - flows to Echelon
DEX Liquidity - wBTC and solvBTC ($50m total) - flows to Canopy
Lending Liquidity - solvBTC ($40m total) - flows to Echelon
Lorenzo BTC (by Concrete)
DEX Liquidity - wBTC and stBTC ($50m total) - flows to Liquidswap
Lending Liquidity - stBTC ($40m total) - flows to MovePosition
ETH Vaults ($225m)
DEX -wETH and eETH ($125M total) - flows to Liquidswap
100% DEX
DEX -wETH and ezETH ($20M total) - flows to Meridian
100% DEX
Lending Liquidity - ezETH ($40m total) - flows to MovePosition
100% Lending
Lending Liquidity - wETH ($40m total) - flows to MovePosition
100% Lending
STABLE Vaults ($190m)
Ethena Vault (by Concrete) ($150m total) - flows to Meridian, Movernance, Thunderhead
Vault 1 - USDe - $50m
Vault 2 - sUSDe - $50m
Vault 3 - USDC - $50m
USDC-USDT Vault - USDC and USDT ($40m) - flows to Canopy
Vault 1 - $40m
MOVE Vaults ($6m)
Lending Liquidity by Concrete (flows to Canopy)
*Opening SOON.
Let the Festivities Begin!
We are very excited for this ecosystem program to start taking deposits today!
Remember, this crop of vaults is only phase 1 of Cornucopia. Following the launch of Movement Public Mainnet Beta (coming soon), subsequent phases will begin.
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