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Bitwise Launches Onchain Vault Offering Up to 6% Yield on USDC via Morpho

Bitwise Launches Onchain Vault Offering Up to 6% Yield on USDC via Morpho

Bitwise announces its first blockchain-based vault strategy using Morpho, designed to offer direct onchain yield opportunities with non-custodial control for investors.

USDC
MORPHO

Fact Check
The statement is strongly supported by a consensus across multiple, highly credible sources. The primary components of the claim—that Bitwise launched an on-chain vault for USDC using the Morpho protocol—are confirmed by all five provided sources. The most specific detail, the targeted yield of "up to 6%", is explicitly mentioned and corroborated by four of the five sources, including the most authoritative one, The Block. The fifth source confirms the launch but omits the specific yield figure, which is not a contradiction. The consistency of reporting across reputable platforms like The Block, Binance Square, CoinNess, and Robinhood provides a high degree of confidence in the statement's accuracy. The language used in the sources, such as "targets up to a 6% yield," aligns perfectly with the statement's claim that the vault "offers" this yield, acknowledging the variable nature of such financial products.
Summary

Bitwise Asset Management confirmed on January 26 the launch of its first onchain vault, created in collaboration with the Morpho protocol. This non‑custodial vault strategy allows investors to earn yield directly on the blockchain, targeting up to 6% annually on USDC through overcollateralized lending markets. Bitwise manages the strategy design and risk oversight, with future plans to expand the offering to other stablecoins, crypto assets, and additional DeFi yield approaches.

Terms & Concepts
  • Onchain Vault: A blockchain-based storage and investment mechanism allowing assets to be securely held and managed directly on a decentralized network.
  • USDC (USD Coin): A stablecoin pegged to the U.S. dollar, issued to maintain price stability for digital transactions.
  • Morpho Protocol: A DeFi platform that optimizes lending and borrowing efficiency through direct user matching and overcollateralized lending markets.