Wintermute launches Armitage DeFi vaults

Wintermute has launched Armitage, a noncustodial DeFi vault curation platform. Curators can design vaults to target specific risk profiles, and deposits do not require identity verification. The firm said Armitage can accept collateral types that other curators avoid.

Curators on Armitage can allocate capital across lending, liquidity provisioning and restaking, and they can set automated rules for rebalancing and exposure limits. Vault logic runs in smart contracts so users retain custody of their assets and do not need to hand over private keys to a manager.

Automated rebalancing and exposure management reduce the need for users to monitor positions constantly. Wintermute described the model as suitable for institutional participants seeking hands‑off exposure to decentralized finance without managing individual protocols or trades.

Wintermute noted Armitage draws on the firm’s market‑making operations, which the company estimates at more than $10 billion in daily trading volume and operational access to platforms across over 50 chains. The firm said its ability to execute liquidations directly lets Armitage accept certain collateral that other curators avoid for liquidity or risk reasons.

Vaults have become more common among asset managers and exchanges. Curators typically use preset rules to generate yield while keeping risk within defined limits.

“DeFi lending has reached a scale where strategy and risk management matter just as much as access,” Evgeny Gaevoy, Wintermute’s CEO, said.

Wintermute has prior involvement in crypto lending markets. The firm is a financial backer of the undercollateralized lending platform Wildcat, where Gaevoy is a silent partner. Armitage expands Wintermute’s activity from trading and market making into curator‑led lending products and manager‑run vaults.

The company presents Armitage as an option for institutional allocators seeking prebuilt strategies and automated risk controls, while offering a permissionless deposit experience for individual users.