Wintermute, a leading crypto market maker, is expanding into decentralized finance (DeFi) vaults with its new product, Armitage. This move marks a strategic shift from Wintermute's traditional role in trading infrastructure to managing on-chain capital deployment. The firm already operates a USDC Prime vault on Morpho’s Ethereum platform, indicating a foundation for Armitage's development in the DeFi space. Armitage is positioned as a central component of Wintermute’s DeFi strategy, potentially offering structured yield-generating products by leveraging the firm's trading expertise. This expansion introduces a sophisticated competitor to the DeFi vault market, which includes established protocols like Yearn. Wintermute's existing liquidity relationships could provide Armitage with an advantage in sourcing yield opportunities. Details on Armitage's launch, including supported assets and fee structures, are yet to be announced.