Data: Robinhood Earn Vault TVL Reaches $16 Million, APY at 7.1%
2026-07-05 14:42
Odaily reports that Tom Wan, Head of Data at Entropy Advisors and former analyst at 21.co, posted on X that the Robinhood Earn vault, managed by Steakhouse Financial on Morpho, has reached a TVL of $16 million with an APY of 7.1%. Of this, 1.7% comes from the protocol's own yield, and 5.4% comes from incentive subsidies.
Tom Wan stated that Robinhood allocates an annual incentive budget of $115 million in USDG for this vault. Based on the current incentive ratio of approximately 5%, this could theoretically support a deposit scale of around $2 billion, corresponding to a TVL potential of $1.5 billion to $2.5 billion.
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