Morph said it has entered a partnership with yield strategy platform Gauntlet and onchain lending protocol Morpho to offer institutional-grade onchain yield strategies to users of Bitget and Bitget Wallet. The company said the tie-up expands Morph’s use cases as Web3 payment and settlement infrastructure and helps bring institutional onchain financial services to a broader user base. Through Morph’s underlying infrastructure, users can directly access the Morpho Aera Vault deployed on Morph without going through complicated onchain steps. According to the announcement, users will be able to deposit USDC or bgBTC, short for Bitget Wrapped Bitcoin, through Bitget and Bitget Wallet to participate in the strategies. Morph said the estimated annualized yield is about 18% for USDC and about 3% for bgBTC. The bgBTC yield strategy is scheduled to go live on Bitget Exchange on July 31, while the USDC yield strategy is set to launch on Bitget Wallet on Aug. 3.
Morph said it has partnered with yield strategy platform Gauntlet and onchain lending protocol Morpho to offer institutional-grade onchain yield strategies to users of Bitget and Bitget Wallet.
The company said the partnership broadens Morph’s use cases as Web3 payment and settlement infrastructure and extends institutional-grade onchain financial services to a wider group of users. Through Morph’s underlying infrastructure, users can directly access the Morpho Aera Vault deployed on Morph without handling complicated onchain operations.
USDC and bgBTC strategies
According to Morph, users can deposit USDC or bgBTC, or Bitget Wrapped Bitcoin, through Bitget and Bitget Wallet to take part in the onchain yield strategies. The estimated annualized yield is about 18% for USDC and about 3% for bgBTC.
Launch schedule
The bgBTC yield strategy will go live on Bitget Exchange on July 31. The USDC yield strategy will launch on Bitget Wallet on Aug. 3.
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