Bitwise launched its first non-custodial DeFi vault on Morpho, giving users on-chain yield without giving up custody.
This move signals a major shift in institutional adoption of blockchain-based lending.
Bitwise, a well-known crypto investment firm, officially enters the DeFi by launching its first on-chain vault, and the product went live on January 26. The product runs on the Morpho protocol, which allows users to earn yield directly on the blockchain. The Vault is non-custodial, and Bitwise acts as a strategy manager that decides how the funds are allocated, and everything happens fully on-chain.
Workflow of Vault
The Vault currently uses USDC, and investors are supposed to deposit USDC into the Vault, and these funds are then lent to the borrowers through Morpho, and the borrowers must provide more collateral than they borrow. The Vault currently targets returns of around 6% per year, depending on the market conditions.
Bitwise states that the vault is primaril
We współpracy z: https://thenewscrypto.com/bitwise-launches-first-on-chain-defi-vault-using-morpho-for-stablecoin-yield/
