Movement launches one-year Cornucopia liquidity enhancement program
The Movement ecosystem has announced Cornucopia: a one-year initiative to increase liquidity in Movement DeFi. Cornucopia represents abundance, good harvest, and huge potential returns for all participants. The initiative is divided into several phases, with the first phase starting last week. Les deux Cornucopia’s Concrete Vault et Veda Vault are now open.
About Cornucopia
Cornucopia has numerous vaults divided into 4 categories: BTC, ETH, Stablecoins, and MOVE vaults. Concrete and Veda manage these vaults, and users can deposit compatible assets into these vaults. After the 8-week lockup period, the assets will be unlocked and flowed back to users through the Movement application on the Movement Public Mainnet Beta (coming soon).
Currently users can deposit selected BTC, ETH and stablecoin assets into the Cornucopia vault, and the MOVE vault will be available soon.
Cornucopia Project Goals
Cornucopia Phase 1 aims to open the door to liquidity. It aims to create deep liquidity through these vaults for great developers and the community. Cornucopia has been committed to powering the growth of Movement DeFi since day one. The Movement Network Foundation wants everyone to experience the speed, security, and ease of use of Movement DeFi as soon as possible.
Here is information about the vault:
BTC Treasury ($300 million)
DEX Liquidity: wBTC and LBTC ($100 million total) — Flowing to Meridian
Lending Liquidity: LBTC ($20 million total) – Flowing to Échelon
DEX Liquidity: wBTC and solvBTC ($50m total) — Flowing to Canopy
Lending Liquidity: solvBTC ($40 million total) – Flowing to Échelon
-
Lorenzo BTC (managed by Concrete )
DEX Liquidity: wBTC and stBTC ($50 million total) — Flowing to Échange de liquide
Lending Liquidity: stBTC ($40 million total) – Flowing to MovePosition
ETH Treasury ($225 million)
DEX Liquidity: wETH and eETH ($125M total) – Flowing to Échange de liquide (100% DEX)
DEX Liquidity: wETH and ezETH ($20m total) – Flowing to Meridian (100% DEX)
Lending Liquidity: ezETH (total USD 40 million) – Flowing to MovePosition (100% Lending)
Lending Liquidity: wETH (total USD 40 million) – Flowing to MovePosition (100% Lending)
Stablecoin Treasury ($190 million)
-
Éthéna Vault (managed by Concrete ) Total $150M – to Meridian , Movernance , Thunderhead
Vault 1 – USDe – 50 million USD
Vault 2 – sUSDe – $50 million
Vault 3 – USDC – $50 million
-
USDC-USDT Vault (USDC and USDT) Totaling $40M – Flowing to Canopy
Vault 1 – $40 million
MOVE Vault ($6 million)
Opening soon…
The Cornucopia liquidity program has begun accepting deposits, but this batch of vaults is only the first phase of Cornucopia. Subsequent phases will be gradually launched after the Movement public mainnet beta release (coming soon).
This article is sourced from the internet: Movement launches one-year Cornucopia liquidity enhancement program
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