Plasma’s New Savings Vault Rakes in Nearly $3 Billion Within 24 Hours
The cryptocurrency landscape has witnessed a remarkable surge in interest with the launch of Plasma’s mainnet, which introduced its flagship savings vault to the market. Within just 24 hours of its launch, the vault has garnered an astonishing $2.7 billion in deposits, positioning Plasma as a formidable player in the decentralized finance (DeFi) space. Backed by the prominent exchange Bitfinex, Plasma’s savings vault leverages the technological prowess of both Aave and Veda, enabling users to earn lucrative rewards. Currently, the vault offers an annual percentage yield (APY) of approximately 20% for deposits made in Tether (USDT). This enticing return has












