Bitwise Launches Non-Custodial Vault on Morpho Targeting 6% APY Through DeFi Lending
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Bitwise launches a non-custodial vault on Morpho, aiming for a 6% APY through decentralized lending. This marks Bitwise's entry into DeFi infrastructure, moving away from its focus on ETFs. The strategy managed by Jonathan Man centers on overcollateralized stablecoin pools, offering investors transparency and control over their capital.
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- Bitwise launches non-custodial vault on Morpho, targeting 6% APY through lending.
- Strategy managed by Jonathan Man focuses on overcollateralized stablecoin pools.
- Asset manager enters DeFi infrastructure after years focusing on ETF products.
Bitwise has introduced its first blockchain-based vault through the Morpho protocol, providing investors with direct on-chain yield opportunities. The crypto asset manager announced the launch on January 26 and called the product as a non-custodial strategy curated by Bitwise professionals while executing entirely on decentralized infrastructure.
The vault allows users to maintain control of their capital while Bitwise decides how funds are deployed across lending markets. This structure removes custody transfer requirements to centralized platforms or the asset manager itself. All positions remain transparent and visible on bl…
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