Morpho is turning yield into a curator market.

Vault deposits reached ~$3.9B in Q1, with Steakhouse and Gauntlet both managing over $1B, but the interesting move is Sentora scaling from ~$7M to $230M through Kraken’s DeFi Earn integration.

Distribution is starting to matter as much as strategy. Curators tied to front-end access are growing faster than those relying only on performance.
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