We’re excited to announce that Peapods Metavaults are now integrated into Velvet - giving you one-click access to yield-optimized Metavaults directly from the Velvet Yield page on Base and Ethereum.
Whether you’re holding stablecoins, ETH, or OHM, you can now earn real APY through actively managed Metavault strategies - all with just a few clicks from your Velvet dashboard.
What Is Peapods?
Peapods is a real yield platform that powers Metavaults - ERC-4626 compliant vaults that automate yield generation through dynamic, governance-driven liquidity allocation.
When you deposit into a Metavault, your assets are distributed across various LVF Pods (Leveraged Volatility Farming) based on:
vlPEAS Governance Votes: Holders of vlPEAS vote on which Pods can access liquidity and what percentage of the Metavault each Pod can receive.
Interest Rate Optimization: Liquidity is algorithmically routed to the Pods offering the most competitive lending rates.
Metavaults are designed to:
Deliver passive, compounding yield
Spread risk across multiple Pods (diversified exposure)
Optimize returns by avoiding high-risk or underperforming allocations
Operate fully onchain and without user intervention
Metavaults are at the center of Peapods’ automated yield ecosystem, bringing efficient, governance-driven lending strategies to users who want set-and-forget DeFi yield.
Learn more: docs.peapods.finance/meta-vaults
Vaults Now Live on Velvet
On Base:
USD Metavault: 10.5% APY
ETH Metavault: 6.4% APY
On Ethereum:
USD Metavault: 38.5% APY
ETH Metavault: 6% APY
OHM Metavault: 14.3% APY
APYs are variable and reflect current underlying strategy performance. Always check the Velvet app for real-time yields.
Growth of Peapods
Since launching in early 2024, Peapods has grown to be one of the most exciting lending platforms in DeFi with ~$100m in TVL.
Peapod’s growth has been due to the introduction of Volatility Farming and Leveraged Volatility Farming which enables Peapods to unlock high APYs on risk managed lending products through their Metavaults.
Why This Integration Matters
Streamlined Deposits – Choose your vault, deposit any asset, and Velvet routes it behind the scenes.
Multi-chain Support – Metavaults are available on both Base and Ethereum directly from the Velvet Yield page.
Earn Real Yield – Let Peapods’ smart strategies work for you—without having to monitor farms or reallocate.
Earn Gems on Every Trade of Peapods Metavaults
As with all eligible tokens on Velvet, trading or depositing into Peapods Metavaults earns Gems, our rewards system that gives $VELVET rewards on the 10th of every month. The more you interact with Peapods assets on Velvet, the more Gems you’ll collect, boosting your $VELVET holdings over time with more coming in each month.
How to Deposit into a Peapods Metavault
Open the Velvet App & go to the Yield Tab
Connect to Base or Ethereum
Search for “Peapods Metavault”
Select a Metavault
Choose the asset you want to swap & complete swap
Track Your Position: Monitor your deposit, yield, and positions on Base or Ethereum in a single app
Ready to put your assets to work? Explore Peapods Metavaults live on Velvet.
🔹 Launch Velvet: dapp.velvet.capital
🔹 Learn More: docs.peapods.finance/meta-vaults
🔹 Join the Community: @Velvet_Capital | @peapodsofficial
Smarter yield. Simpler UX. Only on Velvet x Peapods.