Bitwise is set to launch onchain vaults through Morpho, according to reports. The initial vault strategy aims for a 6% annual percentage yield (APY). This yield will be generated through over-collateralized lending pools, with Bitwise managing the vault strategy. The development represents Bitwise's move into onchain investment products, leveraging Morpho's technology for yield generation in the decentralized finance (DeFi) space. The launch indicates a growing trend of traditional financial firms exploring opportunities within the DeFi ecosystem.

Bitwise is set to launch onchain vaults through Morpho, according to reports. The initial vault strategy aims for a 6% annual percentage yield (APY). This yield will be generated through over-collateralized lending pools, with Bitwise managing the vault strategy. The development represents Bitwise's move into onchain investment products, leveraging Morpho's technology for yield generation in the decentralized finance (DeFi) space. The launch indicates a growing trend of traditional financial firms exploring opportunities within the DeFi ecosystem.