Concrete Partners with Fypher and ether.fi to Launch Institutional Vault, Minting $10 Million fyUSD

DeFi yield infrastructure provider Concrete has announced a partnership with stablecoin project Fypher and liquidity re-staking protocol ether.fi to provide vault infrastructure for the fyUSD stablecoin aimed at institutional users in Asia. The first batch of fyUSD worth $10 million will be minted into the Fypher vault, which is supported by technology from Concrete. Fypher is responsible for the stablecoin infrastructure and distribution, ether.fi will provide funding to the vault, while Concrete will handle the vault infrastructure and on-chain strategy execution, supporting fund allocation, accounting, and rebalancing.

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