DeFi Protocol Phuture Launches Earn Product for $USDC

Phuture, a passive income-generating DeFi protocol, has launched its new yield-farming product dubbed "USV" ($USDC Savings Vault) with "guaranteed" premium returns. USV, an ERC-4626 compliant vault, utilizes Circle’s $USDC as its underlying collateral, letting investors earn interest on their holdings. Investors can deposit their $USDC to USV using the Phuture app and receive vault shares representing their investment. The vault shares are auto-compounding and gain value over time depending on the yield forged by the vault.