Citrea to launch 'ctUSD Pre-Deposit Vault' with $50M in liquidity

Bitcoin ZK rollup and Layer 2 project Citrea (CTR) announced the launch of its ctUSD Pre-Deposit Vault on its official X account. The project has reportedly secured over $50 million in liquidity commitments from asset managers, including Galaxy Digital, to operate the vault. This liquidity will be supplied outside the vault as Citrea's cBTC and ctUSD, and will be allocated to lending markets like Morpho and Zentra Finance, decentralized exchanges (DEXs), and cBTC-based structured yield products. The vault is set to open for deposits at 3:00 p.m. UTC on May 7, with an initial cap of $15 million. Investors can deposit Ethereum-based USDC, which will be subject to a two-month lock-up period. In return, depositors will receive an additional reward equivalent to 0.6% of the total CTR token supply.