Alphaping, an Ethereum-based risk curator and yield protocol, saw its total value locked (TVL) cross the $10 million mark on Wednesday, May 28, as per DefiLlama. The platform’s deposit value has nearly tripled over the past month and more than doubled in the past week alone. As of this writing, its TVL is at a record $13 million.
The protocol surpassed $10 million within less than three months since its launch.
Alphaping positions itself as an on-chain vault curator and liquidity allocator, enabling users to earn passive income by lending crypto assets, such as USDC, USDF, and Wrapped Ethereum (WETH). As a Swiss company, it also supports deposits in ZCHF, the biggest stablecoin tied to the Swiss franc.
The protocol is part of Morpho’s DeFi ecosystem, actively managing two vaults on Morpho: ALPHA USDC and ALPHA WETH.
The stablecoin vault offers an APY that ranges between 4% and 14.5%, with the yield being driven by lending on Morpho. The interest is paid in USDC, with extra rewards in Morpho tokens. The WETH vault pays up to 11.5% APY.
USDC accounts for the biggest share of deposits on Alphaping, with over $10 million in TVL.
On Thursday, May 29, the platform experienced record inflows, as nearly $6 million worth of crypto was deposited in its vaults.
In DeFi, risk curator protocols aggregate, assess, and manage on-chain risk exposure, typically across lending, yield farming, and collateralized assets.
DefiLlama classifies risk curator protocols as a sub-sector, which currently has a record $3.3 billion in TVL, led by Euler DAO, Steakhouse Financial, and Gauntlet.
The Alphaping protocol is managed by Alphaping GmbH, a Swiss-based firm founded in 2017, which specializes in DeFi vaults, liquidity allocation, and staking solutions.
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The post Risk Curator Alphaping Hits Record $13M in TVL appeared first on NFTgators .
