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The vault protocol 3F, built on the decentralized lending protocol Morpho, has completed a total financing of 4 million USD, led by Maven 11, with F-Prime, GSR, and a certain exchange participating. The company did not disclose its specific valuation. Reportedly, 3F is built on top of Morpho, aiming to provide users with RWA leveraged exposure through "one-click operations." Users only need to select their target asset and leverage multiplier, and the protocol will automatically complete the entire position-building process: this includes purchasing the underlying asset with short-term bridge financing, using it as collateral to deposit into Morpho, and borrowing stablecoins to repay the financing. This mechanism essentially simplifies the “looping” process in traditional DeFi, i.e., repeatedly buying assets, collateralizing, borrowing, and reinvesting. While this process can be efficiently completed through flash loans with pure crypto assets, it is usually more complex and less efficient in the RWA scenario due to settlement delays and other issues. 3F is expected to officially launch in the second quarter of this year.

According to Odaily, the vault protocol 3F, built on the decentralized lending protocol Morpho, has completed a total financing of 4 million US dollars, led by Maven 11, with participation from F-Prime, GSR, a certain exchange, and other institutions. The company has not disclosed the specific valuation. It is reported that 3F is built on top of Morpho, with the goal of enabling users to gain RWA leveraged exposure through “one-click operation.” Users simply select the target asset and leverage multiple, and the protocol will automatically complete the entire position-building process: including purchasing the underlying asset through short-term bridge financing, depositing it as collateral into Morpho, and borrowing stablecoins to repay the financing. This mechanism essentially simplifies the traditional “looping” process in DeFi, namely repeatedly buying assets, collateralizing, borrowing, and reinvesting. While this process can be efficiently completed with flash loans in purely crypto asset scenarios, it is usually more complex and inefficient in RWA scenarios due to settlement delays and other issues. 3F is expected to officially launch in the second quarter of this year.

This amount translates to an increase of approximately $12 in All-In Sustaining Cost (AISC) per ounce. As an energy-sensitive, capital-intensive industry, the cost structure of gold miners is closely linked to oil price trends. This data provides investors with an important quantitative reference to assess the financial impact of energy price fluctuations on companies.