Morph Teams Up with Gauntlet and Chainlink for Institutional DeFi Yield

Morph, an L2 blockchain infrastructure platform, has formed a partnership with several entities to bring institutional-scale DeFi yield to over 125 million consumers. The initiative involves integrating a cutting-edge DeFi framework into compatible user platforms.

The collaboration includes Morpho, a decentralized lending entity, Gauntlet, a decentralized finance (DeFi) risk management firm, and Chainlink, which offers cross-chain reserve verification and communication via its Proof of Reserve technology and Cross-Chain Interoperability Protocol (CCIP).

Morph will provide $USDC and $BTC yields to Bitget consumers through the partnership. The initial phase unveils two yield products: a vault with up to 3% yearly yield for Bitcoin ($BTC) holdings, and another vault targeting almost 18% yearly yield for $USDC deposits.

The entities involved in the partnership aim to make next-gen DeFi products broadly accessible to daily users. This endeavor aligns with Morph's wider objective of facilitating real-world financial use cases, including settlements, payments, lending, yield products, and more.