ME News reports that on June 17 (UTC+8), Zama, Morpho, and Steakhouse Financial announced the launch of Steakhouse Confidential USDC Prime Vault on Ethereum, enabling institutions to earn yield on encrypted USDC balances without exposing their on-chain positions. The vault will open for deposits on June 23 and is built on Zama’s FHE-encrypted cUSDC and Morpho’s lending infrastructure. (Source: Foresight News)
Zama, Morpho, and Steakhouse Launch Confidential DeFi Yield Vault on Ethereum
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Summary
Zama, Morpho, and Steakhouse Financial launch the Steakhouse Confidential USDC Prime vault on Ethereum, a confidential DeFi yield product. The vault opens for deposits on June 23, allowing institutions to earn yield on encrypted USDC without exposing on-chain positions. Built on Zama’s FHE-encrypted cUSDC and Morpho’s lending infrastructure, the product addresses privacy gaps in on-chain finance. This move follows growing concerns over DeFi exploit risks and lack of transparency in yield strategies.
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