The Movement ecosystem has announced the launch of Cornucopia: a one-year program aimed at enhancing Movement DeFi liquidity. Cornucopia symbolizes abundance, harvest, and the immense potential rewards available to all participants. The program is divided into several phases, with the first phase having started last week. The Cornucopia Concrete Vault and Veda Vault are now open.

Introduction to Cornucopia

Cornucopia features numerous vaults, categorized into 4 types: BTC, ETH, stablecoins, and MOVE vaults. These vaults are managed by Concrete and Veda, allowing users to deposit compatible assets. After an 8-week lock-up period, assets will be unlocked and returned to users via the Movement application on the Movement Public Mainnet Beta (coming soon).

Currently, users can deposit selected BTC, ETH, and stablecoin assets into the Cornucopia vaults, with the MOVE vault opening soon.

Goals of the Cornucopia Program

The goal of Phase 1 of Cornucopia is to open the doors to liquidity. It aims to create deep liquidity for outstanding developers and the community through these vaults. From day one, Cornucopia has been committed to powering the development of Movement DeFi. The Movement Network Foundation hopes everyone can experience the speed, security, and ease of use of Movement DeFi as soon as possible.

Here is information about the vaults:

BTC Vault ($300 million)

• Lombard (managed by Concrete)

DEX Liquidity: wBTC and LBTC (totaling $100 million) - flowing to Meridian

Lending Liquidity: LBTC (totaling $20 million) - flowing to Echelon

• SolvBTC (managed by Concrete)

DEX Liquidity: wBTC and solvBTC (totaling $50 million) - flowing to Canopy

Lending Liquidity: solvBTC (totaling $40 million) - flowing to Echelon

• Lorenzo BTC (managed by Concrete)

DEX Liquidity: wBTC and stBTC (totaling $50 million) - flowing to Liquidswap

Lending Liquidity: stBTC (totaling $40 million) - flowing to MovePosition

ETH Vault ($225 million)

• EtherFi (managed by Veda)

DEX Liquidity: wETH and eETH (totaling $125 million) - flowing to Liquidswap (100% DEX)

• Renzo (managed by Concrete)

DEX Liquidity: wETH and ezETH (totaling $20 million) - flowing to Meridian (100% DEX)

Lending Liquidity: ezETH (totaling $40 million) - flowing to MovePosition (100% Lending)

Lending Liquidity: wETH (totaling $40 million) - flowing to MovePosition (100% Lending)

Stablecoin Vault ($190 million)

• Ethena Vault (managed by Concrete) totaling $150 million - flowing to Meridian, Movernance, Thunderhead

Vault 1 - USDe - $50 million

Vault 2 - sUSDe - $50 million

Vault 3 - USDC - $50 million

• USDC-USDT Vault (USDC and USDT) totaling $40 million - flowing to Canopy

Vault 1 - $40 million

MOVE Vault ($6 million)

• Lending liquidity managed by Concrete (flowing to Canopy)

Coming soon…

The Cornucopia liquidity program has begun accepting deposits, but this batch of vaults is just the first phase of Cornucopia. Subsequent phases will be gradually rolled out after the release of the Movement Public Mainnet Beta (coming soon).

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