Data: Robinhood Earn's current TVL has reached $16 million, with an APY of 7.1%.

According to a report by Odaily Planet Daily, Tom Wan, Head of Data at Entropy Advisors and former analyst at 21.co, stated in an article on the X platform that the Robinhood Earn vault, managed by Steakhouse Financial on Morpho, currently has a TVL of $16 million and an APY of 7.1%, with 1.7% coming from the protocol's own revenue and 5.4% from incentive subsidies. Tom Wan indicated that Robinhood allocates $115 million USDG annually to the vault for incentives, which, based on the current incentive ratio of approximately 5%, could theoretically support approximately $2 billion in deposits, corresponding to a TVL potential of $1.5 billion to $2.5 billion.