Zama said its confidential USDC vault on Morpho’s Ethereum platform has reached $23.23 million in deposits, making it the eighth-largest USDC vault on the platform. The vault uses fully homomorphic encryption to keep user balances and transaction details private while still offering DeFi yield. Strategy management is handled by Steakhouse Financial, while Morpho provides the underlying infrastructure. After users deposit cUSDC, funds are routed into lending markets backed by assets including cbBTC. Zama also said the vault went live on June 23 and is currently running a 12-week incentive program. The update was cited by Techub, which attributed the information to crypto.news.
Zama said its confidential USDC vault on Morpho’s Ethereum platform has reached $23.23 million in deposits, ranking as the eighth-largest USDC vault.
The vault uses fully homomorphic encryption to protect user balances and transaction privacy while generating DeFi yield. Steakhouse Financial manages the vault’s strategy, and Morpho provides the infrastructure.
After users deposit cUSDC, the capital moves into lending markets supported by assets including cbBTC. Zama said the vault launched on June 23 and is now running a 12-week incentive program.
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