Ladder · FX treasury

Pool the float. Keep the books.

Step 1

Pooling & subscription

Group entities deposit USDC from their own books into one series.

① Pooling
② Matching
③ Maturity
Step 1 · Pooling
SG
UK
AE
PH
US
SV SERIES VAULT
Pooled · $0
vault.deposit()
Morpho Vault V2
MetaMorpho · ERC-4626
Mkt A Mkt B
Variable supply APY · ~4.8%
Subscription window open
Step 2 · Matching
✦ FIXED RATE ACHIEVED ✦
TENOR INFRASTRUCTURE
Borrower Midnight position · debt units
Series Vault Fixed-term lender · orchestration & accounting
Step 3 · Settlement
AT MATURITY
Settlement
MATURED_SETTLED
Series Vault · principal + fixed return
Auto-renew Roll into next rung
$ Redeem Return to that entity
What's happening
Press Play to walk through the Ladder product flow.
Series Vault Morpho Midnight Tenor routing Vault V2 buffer