How Sentora Scales Institutional Risk Curation with Morpho
$700M+
DeFi needs vault infrastructure designed for enterprise-scale products. Together with Morpho, we are able to deliver the infrastructure, strategies and risk models these integrations require.Anthony DeMartino, CEO of Sentora
The Opportunity
Sentora built its business on knowing where DeFi risk lives. Its platform runs more than 1,000 risk models across onchain markets, and it has deployed over $2B through multiple market cycles.
For years, that expertise stayed on the monitoring side: analytics, advisory, and risk models for products that other firms ran.
Now, the companies it works with need something more hands-on. Stablecoin issuers like PayPal and Ripple need onchain utility for their stablecoins to grow beyond payments. RWA issuers like Figure need their assets to work as collateral onchain. Both need their risk priced, and both need distribution.
The opportunity was to curate the vaults, and help asset issuers distribute new assets directly onchain, or via large-scale enterprise distributors.
The Solution
Sentora chose Morpho as its curation infrastructure. It curates the main vaults for PayPal's PYUSD and Ripple's RLUSD, selecting the markets and risk parameters for each and monitoring every deployment through Risk Radar, its proprietary risk system.
Distribution runs through partners users already trust. Kraken's DeFi Earn puts Kraken's interface in the front and Sentora-curated Morpho Vaults in the back: customers deposit stablecoins or BTC, and the vaults earn yield from borrowing demand across Morpho Markets. For Deel, the global workforce platform, Sentora curates the pathUSD vault on Tempo that powers Deel's earn feature, with yield generated from borrowing demand against BTC and the net interest margin from the underlying treasuries backing the stablecoin.
The latest step is real-world assets. Figure, the NASDAQ-listed lender, issues PRIME, a token backed by home equity lines of credit. PRIME holders can post the asset as collateral and borrow against it onchain, with liquidity supplied from Sentora curated vaults.
The Results
Within 6 months of its first deployment, Sentora has gone from risk advisor to one of the fastest growing curators on Morpho.
With carefully chosen distribution channels in the front, and Sentora's risk models in the back, the numbers have followed:
- $700M+ in deposits across Sentora-curated Morpho Vaults
- $500M+ deposited via Kraken DeFi Earn across its stablecoin and Bitcoin earn products
- $100M+ in PRIME, Figure's HELOC-backed token, posted as collateral in onchain credit markets