According to Foresight News, Orderly Network announced that the TVL of OmniVault has exceeded $6 million, with the annualized yield rising from 27.95% to 30%.
Ran Yi, co-founder of Orderly, stated: "In the DeFi field, achieving a balance between high APY and low risk is not easy, but in OmniVault, we have created a solution that optimizes both. For liquidity providers who do not want to constantly monitor APY, token prices, and other parameters, OmniVault is an ideal 'deposit and forget' strategy - users only need to provide USDC, and then can rest assured that Orderly's market makers will take care of everything."
