Morini Capital

Our USP Yield Vault joined @brix_money's wiTRY LP program, and it's paying.

~$37K in MEGA rewards hit this week, now reflected in USP's price.

USP weekly APY: 54.11%.

we tokenize the most durable funds from EMs

A note from Morini on this week's Turkish market headlines. 🇹🇷

Morini's strategies are operating normally, every position on schedule, and here's why they were insulated from what's been in the news:

→ Our StockMarketTRBasisTrade strategy is delta-neutral: it trades the basis on liquid BIST-30 instruments, not the names at the center of this. There was no price impact.

→ Our CarryTradeUSDTRYLeverage strategy has no equity exposure at all: it earns Turkey's overnight rate and is unrelated to the stock market.

Everything runs inside CMB-regulated funds, within the fund rules — including the stricter rules introduced at the end of August.

Both strategies are transparent and independently verifiable via @PikuFinance, with fresh attestation reports published this week:
→ CarryTrade: piku.vlayer.xyz/dashboard/Carr…
→ BasisTrade: piku.vlayer.xyz/dashboard/Basi…

Turkey's capital markets are deep and resilient, and as the Financial Stability Committee noted, the issue is "concentrated in a specific segment… temporary and manageable." Moments like this reward managers who are disciplined, transparent, and play by the rules.

That is the standard Morini holds itself to and will continue to.

103.59% 7-day APY.

Morini CarryTradeUSDTRYLeverage delivered triple-digit performance.

• FXArbUSDTRY - 6.05% 7-day APY | $3.99M TVL
• StockMarketTRBasisTrade -17.57% | $5.21M TVL
• CarryTradeUSDTRYLeverage - 103.59% | $7.74M TVL

Nearly $17M in total TVL.

All vaults continue earning $PIKU rewards. FXArbUSDTRY also earns ACC Points.

Morini Vaults Weekly Performance (Jul 1 - Jul 8, 2026)

FXArbUSDTRY
5.12% 7-day APY
#deltaneutral

StockMarketTRBasisTrade
9.44% 7-day APY
#deltaneutral #regulated #RWA

CarryTradeUSDTRYLeverage
69.89% 7-day APY
#regulated #RWA

$16.2M total TVL across three yield strategies.

Regulated, Delta Neutral, RWA.
Accessible on-chain: piku.co/vaults