Bitwise launched an on-chain vault through Morpho, aiming to provide USDC with yields of up to 6%.

Crypto asset management firm Bitwise has officially entered the DeFi market by launching its first on-chain vault strategy through the decentralized lending protocol Morpho. This initial vault aims to achieve yields of up to 6% on the USDC stablecoin by deploying funds in Morpho's "overcollateralized" lending market. Bitwise is responsible for strategy design and real-time risk management, while user funds remain on-chain and in a non-custodial manner.