Ember has surpassed $14M in deposits, and a big part of its growth is from Sui.
Look at these numbers:
> Sui DeFi TVL: ~$500M
> SUI market cap: ~$4.08B
> Nearly 50% of SUI supply still to be distributed
That's a massive amount of potential incentive capital relative to the size of its DeFi ecosystem.nAnd we're already seeing how powerful those incentives can be.
On Suilend,
@EmberProtocol vaults can be used as collateral to build leveraged loops with incredibly attractive yields.
These kinds of opportunities are much harder to find across more mature DeFi ecosystems.
Ember has already become one of Sui's largest protocols, ranking around sixth with over $30M in TVL.
It's a great example of what happens when a protocol builds useful products in an ecosystem with strong incentives and distribution.
EEARN has surpassed $14M in deposits. Ember’s flagship stablecoin vault has delivered an average APY of 10.02% over the past 90 days.
With Ember Atomic, you can redeem a portion of your EEARN position instantly.
For a limited time, the vault offers 0% management fees and 0% performance fees.
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