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3F is a vault protocol built on Morpho that offers one-click leveraged exposure to tokenized real-world assets (RWAs). Users select a vault, set a leverage ratio, and the protocol handles the rest—coordinating bridge financing, borrowing on Morpho, and position management—while providing differentiated yield for stablecoin depositors. 3F serves both retail users seeking high-liquidity, no-lockup yield and institutions requiring permissioned processes and customized integrations.
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About 3F
3F is a vault protocol built on Morpho that provides one-click leverage exposure to tokenized real-world assets (RWAs). Users select a vault, set a leverage ratio, and the protocol automatically handles the entire process: short-term bridge financing to purchase the underlying asset, depositing it as collateral on Morpho, and borrowing stablecoins to repay the financing. This simplifies the traditional 'looping' process in DeFi, which is often complex and inefficient for RWAs due to settlement delays.
The core value proposition is solving the inefficiency of manual looping for RWAs. In pure crypto, flash loans make this process fast, but RWAs involve T+1 settlement and other delays, making manual operations costly and error-prone. 3F automates this, reducing it to a single transaction, while also acting as a unified borrower to provide stablecoin depositors with transparent, no-lockup yield tied to real-world credit markets.
Over the past six months (March to September 2026), 3F has progressed significantly. The 3F x Steakhouse USDC Vault crossed $20 million in deposits by late August. The private beta also surpassed $20 million in late July, with a public launch announced as imminent. The team has been actively engaging with the community through events like Stable Summit and Digital Asset Summit, discussing how RWAs can provide robust yield to stablecoins. No significant negative events have been reported during this period.
3F, a one-click leverage protocol for tokenized real-world assets (RWAs), has reached several milestones with long-term significance.
In 2025, 3F completed a $750,000 pre-seed round backed by Steakhouse Financial, Sky co-founder Rune Christensen, and Phoenix Labs co-founder Sam MacPherson, validating the concept of simplifying RWA leverage through automated looping on Morpho.
From November 2025 to March 2026, 3F raised a $3.3 million seed round led by Maven 11, with participation from F-Prime (Fidelity's venture arm), Susquehanna Crypto, GSR, and Gate Ventures. Maven 11's general partner joined as a board observer. This funding secured institutional validation for the protocol's approach to bridging traditional finance and DeFi.
In April 2026, Gate Ventures' strategic investment highlighted 3F's role in reshaping stablecoin yield structures, positioning it as a key infrastructure connecting RWA collateral with DeFi lending markets.
3F plans to launch its private beta this week, with broader availability expected in Q2 2026, initially supporting JAAA, a tokenized AAA mortgage obligation fund managed by Janus Henderson and tokenized by Centrifuge.
3F has made significant strides in the past six months. In April 2026, the protocol completed a $4 million seed round led by Maven 11, with participation from F-Prime (Fidelity), GSR, and others, followed by a strategic investment from Gate Ventures. The private beta launched shortly after, featuring leverage vaults for Anemoy's JAAA CLO fund (sub-managed by Janus Henderson, tokenized by Centrifuge).
Looking ahead, 3F plans to expand beyond JAAA to additional tokenized RWA funds, targeting institutional credit integration. The team is focused on scaling its 'one-click' looping mechanism to reduce manual position management, while developing counter-cyclical yield models to attract stablecoin deposits during market volatility. Hiring is underway across credit underwriting, technology, and security to support broader asset onboarding and protocol robustness.
Co-founders:
Sonya Kim: Co-founder of 3F. Previously Chef at Steakhouse Financial, where she led business development and grew Morpho's TVL from zero to $1B. She holds a BA in Mathematics from NYU and a Master of Finance from MIT. She also worked at Aberforth Partners, KILTEARN PARTNERS, and Baillie Gifford.
Romeo Ravagnan: Co-founder of 3F. Previously Portfolio Management and DeFi Lead at Abraxas Capital Management. He holds a BSc in International Management from King's College London. He has experience in trading, treasury management, and decentralized finance.