PRIME-Backed Morpho Markets Attract More Than $450 Million in Deposits

Morpho markets that accept Hastra’s PRIME token as collateral have attracted more than $450 million in deposits over about 100 days. Holders can pledge PRIME to borrow stablecoins while keeping exposure to the token’s variable return. PRIME tracks returns from Figure’s actively managed home equity loan pools. The pools consist mainly of home equity lines of credit and other real estate lending. After a 50-basis-point fee, the token’s net yield is around 6% APY. Hastra launched PRIME on Ethereum in May 2026 and listed it as collateral on Morpho. Vaults managed by Sentora and Galaxy Curation route PYUSD and USDC deposits into the markets, supplying stablecoins for borrowers. The $450 million figure measures deposits into the markets; PRIME serves as collateral for borrowing.

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