ME News reports that on October 27 (UTC+8), Mexican cryptocurrency exchange Bitso announced the launch of a product called Bóvedas, integrating Morpho’s lending protocol functionality into its app. The product allows users to deposit USDC and the peso-pegged stablecoin MXNB into non-custodial lending vaults to earn variable yields, though it does not offer deposit insurance. (Source: ChainCatcher)
Bitso Launches Bóvedas to Integrate Morpho Lending Features
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Summary
Based on MetaEra, Mexican crypto exchange Bitso has launched Bóvedas, integrating Morpho’s lending features as part of a protocol update. The product enables users to deposit USDC and MXNB into non-custodial lending vaults to earn variable returns. No deposit insurance is provided. This move introduces new cryptocurrency news to the lending space.
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