Zama, in collaboration with Morpho, launches the first privacy DeFi yield product on Ethereum

According to The Block, cryptographic technology company Zama, DeFi lending protocol Morpho, and Steakhouse Financial announced a joint launch of the Steakhouse Confidential USDC Prime vault.

It is reported that this is the first DeFi yield product for privacy stablecoins on Ethereum. This product allows users to directly deposit privacy token cUSDC, which has been fully homomorphically encrypted (FHE) by Zama, into the Morpho vault to earn yields.