# Presto launches two USDC vaults on Morpho

> The launch added curator-managed USDC exposures with different risk mandates. Prime targets WBTC/USDC with a 10% performance fee; Forte targets FalconX- and JAAA-related markets with a 15% performance fee and higher counterparty, legal, oracle, and liquidity complexity.

- URL: https://riadefi.com/on-chain/2026-07-08-morpho-presto-usdc-vaults-launch/
- Type: Launch or access
- Stage: Live launch
- Evidence: confirmed
- Materiality: watch
- Event date: 2026-07-08
- Version: 1, published 2026-08-22 (first published 2026-08-22)
- Follow-up: 2026-09-01
- Advisor-relevant: no
- Affects: Morpho Blue (protocol)

## What happened

Presto introduced two Ethereum Morpho vaults: USDC Prime, lending against WBTC, and USDC Forte, allocating to private-credit and RWA collateral markets.

## What changed

The launch added curator-managed USDC exposures with different risk mandates. Prime targets WBTC/USDC with a 10% performance fee; Forte targets FalconX- and JAAA-related markets with a 15% performance fee and higher counterparty, legal, oracle, and liquidity complexity.

## What did not change

The launch did not modify Morpho Blue's core contracts and did not extend Ketju approval to either Presto vault. No current client holding was identified.

## Confirmed

- Presto USDC Prime was identified at 0x133614490896bc02C774bc3399E4Db1B6D05a2CA on Ethereum.
- Presto USDC Forte was identified at 0x68A65f315BCd3C3456d1368Ff88bC661856548E1 on Ethereum.
- Prime was described as lending exclusively against WBTC with a 10% performance fee.
- Forte was described as allocating to AA_FalconXUSDC/USDC, wFalconX/USDC, and wJAAA/USDC with a 15% performance fee.
- The record states that market additions are subject to timelocks of at least three days, with more critical actions delayed seven days.

## Still open

- Independent verification of live allocations, caps, utilization, withdrawal liquidity, and role configuration remains necessary.
- The legal enforceability, counterparty quality, liquidity, and oracle behavior of Forte's private-credit collateral require separate diligence.

## What it means for an advisor

- Add both vaults to the Morpho research perimeter without treating them as approved exposures.
- Require separate curator, collateral, oracle, timelock, utilization, and exit-liquidity review before advisor consideration.
- Give Forte heightened diligence because its yield depends on private-credit and RWA structures rather than only liquid crypto collateral.

## Sources

1. [Introducing Presto Vaults on Morpho](https://forum.morpho.org/t/introducing-presto-vaults-on-morpho/2354) · Morpho Blue · 2026-07-08


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.