Algorithmic trading firm Wintermute has launched Armitage, a new DeFi vault curation service for professional investors. The service will debut later this month with two USDC vaults on the Morpho lending protocol. Armitage curators will manage risk, collateral, and strategies, with Wintermute handling liquidations through its own trading infrastructure.
Wintermute has announced Armitage, a new DeFi vault curation business aimed at professional investors and institutions. The algorithmic trading firm stated the product will support risk management and yield generation through on-chain, non-custodial vaults.
Armitage will launch with a minimum viable product later this month, according to a report. The first two vaults will be live on Morpho and denominated in USDC.
Professional curators will manage vault activities directly on blockchain networks. These curators will swap between strategies, set risk limits, choose collateral types, and rebalance positions as market conditions shift.
Users can deposit and withdraw onchain without any KYC verifications, though it will rely on regional regulations. The platform is built to react to market changes in real time, allowing curators to adjust exposure.
Curator fees are tied to performance, providing a way to earn money based on returns generated for depositors. Wintermute intends to handle liquidations through its own trading infrastructure, which it claims can mitigate delays in volatile periods.
Chief Executive Officer Evgeny Gaevoy stated the DeFi lending sector has matured where strategy and risk management are as important as market entry for institutional capital. Research lead Igor Igamberdiev said Armitage is based on real trading experience during market crashes, bad debt, and liquidity shortages.
The vault will remain permissionless and 100% onchain, allowing users to transfer funds without a central authority. The launch coincides with a period where total value locked in lending protocols is $41 billion, data from DefiLlama shows, significantly lower than the peak of $127 billion recorded in September 2025.
