{"id":406354,"date":"2025-09-27T06:36:23","date_gmt":"2025-09-27T01:06:23","guid":{"rendered":"https:\/\/dripp.zone\/news\/plasmas-savings-vault-attracts-almost-3-billion-in-24-hours-crypto-news\/"},"modified":"2025-09-27T06:53:19","modified_gmt":"2025-09-27T01:23:19","slug":"plasmas-savings-vault-attracts-almost-3-billion-in-24-hours-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/plasmas-savings-vault-attracts-almost-3-billion-in-24-hours-crypto-news\/","title":{"rendered":"Plasma\u2019s Savings Vault Attracts Almost $3 Billion in 24 Hours &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>The stablechain\u2019s flagship lending vault surpassed the total TVL of many blockchains in less than a day.<\/p>\n<div>\n<p>Bitfinex-backed stablechain Plasma launched its mainnet yesterday, and the chain\u2019s initial lending vault, powered by Aave and Veda, has surpassed $2.7 billion in deposits in less than 24 hours.<\/p>\n<p>The product is <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.plasma.to\/\" target=\"__blank\" rel=\"noopener noreferrer \">Plasma\u2019s official \u201csavings\u201d vault<\/a>, currently paying roughly 20% APY to users who deposit USDT to earn rewards from Plasma, Aave, and Veda. The vault pulled in $1.3 billion in deposits in the first hour and has since doubled to $2.7 billion.<\/p>\n<p>In the future, Plasma will also introduce a basis-trade vault, where user deposits are utilized in delta-neutral strategies to earn variable yields from perpetual funding fees.<\/p>\n<figure><figcaption class=\"text-center text-xs\">Plasma Vaults &#8211; Plasma<\/figcaption><\/figure>\n<p>Alongside its mainnet release, Plasma launched its XPL token yesterday, which is currently changing hands at $1.25, or roughly a $12.5 billion fully diluted valuation. <\/p>\n<p>Investors flocked to the network soon after its launch, driving Plasma\u2019s total value locked (TVL) to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/plasma\" target=\"__blank\" rel=\"noopener noreferrer \">$3.4 billion<\/a> yesterday and making it the seventh-largest chain in DeFi.<\/p>\n<p>Aave founder Stani Kulechov has been supportive of Plasma\u2019s DeFi efforts and posted on X about the integration earlier today, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/StaniKulechov\/status\/1971243666783207482\" target=\"__blank\" rel=\"noopener noreferrer \">saying<\/a>, \u201cPlasma is a prime example of how Aave works as a flywheel for liquidity.\u201d<\/p>\n<p>Aave\u2019s Plasma deployment has already surpassed $3 billion in supplied assets.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The stablechain\u2019s flagship lending vault surpassed the total TVL of many blockchains in less than a day. Bitfinex-backed stablechain Plasma launched its mainnet yesterday, and the chain\u2019s initial lending vault, powered by Aave and Veda, has surpassed $2.7 billion in deposits in less than 24 hours. The product is Plasma\u2019s official \u201csavings\u201d vault, currently paying [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":406358,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-406354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/406354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=406354"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/406354\/revisions"}],"predecessor-version":[{"id":406360,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/406354\/revisions\/406360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/406358"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=406354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=406354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=406354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}