Bitwise launches the first on-chain vault through Morpho, with a target annual yield of up to 6% for USDC

Bitwise Asset Management, a cryptocurrency asset management company, announced the launch of its first onchain vault strategy through the decentralized lending protocol Morpho, officially entering the DeFi space.

The vault is centered around the USDC stablecoin, with a target annual yield of up to 6%. Funds will be deployed in the over-collateralized lending market on the Morpho platform. Bitwise will be responsible for strategy design and real-time risk management, while user assets will always remain in a non-custodial, onchain holding state. Bitwise stated that such onchain vaults aim to provide a more user-friendly solution for investors looking to earn DeFi yields but unwilling to manage complex onchain risks themselves. The company also revealed that it may support more stablecoins and cryptocurrencies in the future, gradually expanding into RWA tokenization, DEX liquidity provision, and yield farming strategies in DeFi.