Data: Robinhood Earn Vault's current TVL has reached 16 million dollars, with an APY of 7.1%

According to Odaily, Entropy Advisors Head of Data and former 21.co analyst Tom Wan posted on X that the Robinhood Earn vault managed by Steakhouse Financial on Morpho currently has a TVL of $16 million and an APY of 7.1%, with 1.7% coming from protocol revenue and 5.4% from incentive subsidies.

Tom Wan stated that Robinhood allocates an annual incentive budget of $115 million USDG to this vault. Based on the current incentive rate of approximately 5%, this could theoretically support a deposit scale of about $2 billion, corresponding to a TVL potential of $1.5 billion to $2.5 billion.