Bitwise Asset Management, a top crypto management firm, has inked a collaboration with Decentralized Finance (DeFi) lending protocol Morpho.
The crypto firm announced the development on X, stating that both companies plan to launch non-custodial on-chain vaults targeted at generating yield.
Bitwise Demonstrates Interest in On-Chain Vaults
According to the announcement on X, Bitwise acknowledged that vaults are an integral part of finance, which is fast-moving on-chain.
It noted that the first vault will focus on securing an annual percentage yield of 6%.
Bitwise says it plans to invest in overcollateralized lending pools to achieve this percentage of APY.
“Finance is moving onchain. Vaults are a key part of that, offering investors a transparent way to earn digital yield on their assets,” Bitwise explained.
As part of the terms of their agreement, Bitwise is responsible for the deployment of multiple strategies across vaults on Morpho.
In addition, the “curation, str
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