Sentora has opened a Morpho lending vault accepting mWIN token as collateral, backed by a credit portfolio managed by Wellington Management, the Boston-based asset manager with over $1.3 trillion in assets under management as of December 2025. The vault accepts PYUSD, PayPal’s stablecoin, deposits and shows a 40.5% utilization rate with $3.91 million borrowed against $6.44 million in collateral. The vault’s net APY stands at 8.31%, with 7.61% coming from PYUSD incentives. The underlying strategy combines collateralized loan obligations, commercial and residential mortgage-backed securities, and investment-grade corporate bonds, currently yielding approximately 5%. Anthony DeMartino, CEO of Sentora, warned that the token carries duration and credit risk absent from yield-bearing stablecoins.
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