Wintermute Launches Armitage as $10B Trading Network Expands Into DeFi Lending
“Yield aggregation brought vaults into the mainstream, but curation has largely meant setting risk parameters and managing business relationships. Armitage is what you get with deep expertise in onchain capital management and security,” said Igor Igamberdiev, Wintermutes head of research and a contributor to Ethereum-focused security initiatives. Unlike many existing vault systems, Armitage intends to directly handle liquidations rather than outsource them to third-party operators. Wintermute says its global trading infrastructure gives the platform an advantage in managing collateral positions across multiple markets and chains. The firm processes more than $10 billion in average daily across over 70 venues and 10 networks, according to the company. That reach, Wintermute argues, allows Armitage to support a broader range of collateral assets and potentially unlock higher-yield opportunities for depositors. Armitage Entry Expands Ecosystem of Specialized Vault Creators Morpho, the protocol hosting the initial launch, framed Wintermute‘s entry as part of a growing ecosystem of specialized vault curators. CEO Paul Frambot said, “Every new curator strengthens the network, bringing new strategies, new depositors, and new borrower demand, and having a firm of Wintermute’s caliber join only accelerates that.” Armitage vaults will be permissionless and non-custodial, meaning users can deposit or withdraw funds directly onchain without identity verification requirements.
