Fireblocks launches institutional-grade stablecoin yield tool Earn

The enterprise digital asset infrastructure platform Fireblocks has launched a new feature called Earn, allowing institutional clients to allocate stablecoin balances to on-chain lending strategies through products supported by Aave and Morpho, in order to enhance the efficiency of idle capital utilization.

The product is initially integrated with the Morpho vault and Aave stablecoin lending market, curated by Sentora, and is now open for Early Access to Fireblocks clients. Fireblocks stated that the earnings are generated by the underlying protocols, are variable returns, are not guaranteed, and may be 0. Data shows that Aave and Morpho are currently the top two decentralized lending protocols by total locked value.