Data: Robinhood Earn Vault's Current TVL Reaches $16 Million, APY at 7.1%

Odaily Planet Daily News – Tom Wan, Head of Data at Entropy Advisors and former analyst at 21.co, posted on the X platform stating that the Robinhood Earn Vault, managed by Steakhouse Financial on Morpho, currently has a TVL of $16 million with an APY of 7.1%. Of this, 1.7% comes from protocol-generated revenue, and 5.4% comes from incentive subsidies. Tom Wan noted that Robinhood allocates an annual incentive budget of $115 million USDG for this vault. Based on the current incentive rate 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.