News linked to both this project and an event.
According to a post by the Blockchain Association (@BlockchainAssn), the Blockchain Association has officially launched the Vaults Workstream, bringing together dozens of leading member organizations including a16z Crypto, Aave, Uniswap, Grayscale, dYdX Foundation, Ethena, Morpho, and Multicoin to participate in Washington-based policy discussions on on-chain finance. As an emerging component of on-chain finance infrastructure, Vaults can provide users with diverse asset exposure, support composable and personalized investment strategies, and offer high flexibility in manual control, governance, and risk management. Members of this workstream will engage directly with the SEC to assist legislators in understanding Vault mechanics and the applicability of existing regulatory frameworks, with the goal of aligning regulatory rules with technological development to ensure the United States maintains its leading position in on-chain financial innovation.
Coinbase has announced the expansion of its crypto-collateralized lending service, adding support for HYPE and ZEC as collateral. Eligible users can borrow instantly without selling their assets, with a maximum limit of $100,000. The service is currently available to U.S. users, excluding New York, and is powered by the decentralized lending protocol Morpho, running on the Base network.
Coinbase announced on X that its lending service is now available in the United States, excluding New York. The service is powered by Morpho and runs on Base.
Bitcoin News posted on X platform that Coinbase has launched fixed-rate, fixed-term USDC loans backed by Bitcoin through Morpho Midnight, allowing borrowers to obtain USDC without selling their Bitcoin.The interest rate and repayment date for this product are determined at the start of the loan; if the borrower fails to repay the USDC and interest by the maturity date, the collateralized Bitcoin may be liquidated. Coinbase's existing floating-rate Bitcoin-backed loans powered by Morpho have surpassed $1.4 billion in active or outstanding loan volume, with collateral value of approximately $3 billion.
Odaily reports: According to Spartan Capital monitoring, Robinhood Chain launched its mainnet on July 1, 2026. By the end of August, on-chain TVL had grown to $711 million, with August on-chain gas revenue reaching $6.6 million. The majority of August trading volume came from Uniswap, and on August 31, single-day on-chain fees briefly reached $2.1 million.Robinhood operates the sequencer and receives approximately 90% of on-chain fees; after deducting Ethereum settlement costs and the 10% licensing share paid to Arbitrum DAO, August net revenue was approximately $6 million.Robinhood Earn users deposited USDG and borrowed through Morpho, with deposits growing from $9.5 million on July 1 to $456 million on August 31, accounting for 68% of TVL at the end of the month. Users' estimated annualized yield was approximately 7%, while the lending side yield was approximately 3.7% at the end of August, with the spread subsidized by incentive funds from Morpho and its lending partners.As of the end of August, more than 340,000 tokens had been issued on-chain; Meme tokens paired with Robinhood Stock Tokens recorded $518 million in trading volume in August. Currently, on-chain trading activity is primarily driven by crypto-native users, and Robinhood's 27 million funded accounts have not yet migrated to the chain at scale. Robinhood wallet gas subsidies will continue until September 29, and Earn yields are planned to be gradually reduced.
Odaily News: Coinbase has launched fixed-rate loans powered by the decentralized lending protocol Morpho, allowing users to borrow USDC against bitcoin and lock in the interest rate and repayment date at the start of the loan.This product marks the first enterprise-grade deployment of Morpho Midnight, with Coinbase handling the application experience, Morpho providing the credit infrastructure, and the Base network handling settlement.Coinbase's existing Morpho floating-rate loans have surpassed $1.4 billion in active volume, corresponding to approximately $3 billion in collateral. The business launched bitcoin-collateralized lending in early 2025 and later expanded collateral to assets such as XRP and Dogecoin. (Decrypt)
According to The Block, World, an identity verification cryptocurrency project formerly known as Worldcoin, has officially launched its self-custody financial super app, World Money, available in more than 150 countries worldwide. The app supports stablecoin payments, trading, yield generation, virtual accounts, and other features. It manages balances in eight currencies and integrates with Stripe, Kalshi, and Morpho, allowing users to quickly convert fiat currency into stablecoins via Apple Pay through the Stripe partnership. Users who complete World ID verification are eligible for additional rewards in qualifying Earn programs. World is developed by Tools for Humanity, a company co-founded by Alex Blania and OpenAI CEO Sam Altman.
Odaily News: This self-custodial app will encompass stablecoins, investments, yield, and global payments, with integrations with Stripe, Kalshi, and Morpho. Through World ID verification, users can unlock higher rewards.
According to The Block, on-chain confidentiality protocol Zama will open deposits for 16 Morpho confidential vaults on September 15, supporting assets such as USDC, USDT, AUSD, and TGBP. Previously, the first vault launched by Zama in collaboration with Morpho and Steakhouse Financial reached $40 million in total value locked within seven weeks.
Robinhood Crypto officially posted on X platform stating that the USDG Vault under SteakhouseFi, which powers Robinhood Earn, is currently the largest vault on Morpho by deposit size, with deposits exceeding $456 million.
Circle stated the event will be held in New York, with topics covering institutional finance, global capital flows, 24/7 markets, and the Agent economy, as well as showcasing first-day products and applications. A developer pre-event session will be held from 11:30 AM to 1:30 PM ET on September 16, followed by a main stage livestream from 2:00 PM to 3:45 PM, with representatives from BlackRock, DTCC, Aave, SBI Group, Morpho, Ripio, Extended, a16z, and Circle participating. Developers can already build on the Arc testnet.
Odaily News: According to the official page, Robinhood has listed MORPHO.
Decentralized stablecoin USDD announced that it will add exclusive TRX rewards to Pendle's sUSDD market, while simultaneously increasing base USDD rewards. The total rewards for this campaign amount to 21,000 USDD and 12,000 TRX, plus PENDLE tokens valued at approximately 30% of the combined value of the aforementioned USDD and TRX. The event runs from 8:00 on August 13 to 8:00 on August 20 (Singapore Time). According to the official announcement, Pendle has integrated PT-sUSDD into the PT Looping module, allowing users to further connect to Morpho's USDC and USDT markets to expand yield potential. Meanwhile, preparations are underway with Pendle for the renewal of the sUSDD market, with specific arrangements to be announced separately.
According to BeInCrypto, a latest report jointly released by CoinShares and Token Terminal shows that over the past year (Q2 2025 to Q2 2026), the deposit volume of tokenized real-world assets (RWA) in the DeFi sector increased from $2.3 billion to $7.4 billion, a year-on-year increase of more than twofold, while total DeFi deposits declined by approximately 15% during the same period. The growth was primarily concentrated in yield-bearing products, including tokenized treasury bonds and multi-strategy funds (such as JTRSY, BUIDL, sUSDS), with Aave, Morpho, and Kamino providing the deepest liquidity. Meanwhile, on-chain RWA spot trading volume increased by approximately 220% year-on-year, while native crypto spot trading volume on decentralized exchanges fell by approximately 70%.
According to official news from the decentralized stablecoin USDD, DeFi protocol Pendle has integrated PT-sUSDD into its PT Looping module. Users can complete looping operations with one click through the Pendle interface without the need for cross-platform operations. Currently, the looping APY for PT-sUSDD in the Morpho/USDT market can reach up to 20.87%. According to the introduction, the PT Looping module is based on the PT-sUSDD/USDT and PT-sUSDD/USDC markets on Morpho. This integration aims to significantly enhance capital efficiency for USDD holders, combining the fixed income and borrowing capacity of PT-sUSDD to form a robust yield portfolio. The official team reminds users to participate according to their own risk preferences.
Odaily News, Ground COO Stephanie Vaughan stated that the current DeFi industry is陷入 a "yield war," but market participants are more focused on securing distribution access to fintech platforms, overlooking the real problems users need to solve.She pointed out that Robinhood, Coinbase, Revolut, and Kraken are competing for user funds, while protocols such as Aave, Morpho, and Ethena are competing to become the infrastructure for lending strategies. Vault service providers and risk management institutions are also competing around fintech platforms. However, this model does not establish DeFi's own user relationships—it merely fights for the opportunity to be selected by platforms.Stephanie believes that the current market is signaling that DeFi products have near-zero pricing power. Much of the yield comes from subsidies provided by platforms, Vault service providers, strategy providers, or underlying protocols, rather than genuine demand created by the products themselves. This is more like paying "shelf fees" than achieving true distribution capabilities.She further noted that some multi-strategy Vaults suffer from issues such as idle capital, deployment delays, and slow governance processes, resulting in a gap between the actual returns users receive and the advertised APY. In contrast, traditional financial products like money market funds can put capital to work immediately.Stephanie stated that with declining L2 costs and maturing cross-chain infrastructure, the chain itself is no longer a core competitive advantage. In the future, DeFi should build products closer to personal execution environments, driven by user needs. She believes the competitive focus should shift from shared Vaults to infrastructure like MPC wallets, allowing users to retain control over strategies while platforms handle execution and streamline processes.
According to PR Newswire, AI data center company Hyperscale Data (NYSE: GPUS) announced the successful implementation of a Bitcoin-backed DeFi financing strategy via the Morpho protocol. As of August 2, 2026, the company has completed approximately $30 million in Bitcoin-collateralized borrowing through the protocol, with a current variable interest rate of approximately 4.9%. The raised funds will be used to support the continued construction of its Michigan AI data center campus, as well as general corporate purposes such as daily working capital. The company stated that this move aims to transform its Bitcoin treasury from a passive reserve asset into a source of low-cost growth capital, while retaining exposure to Bitcoin's long-term appreciation and reducing reliance on dilutive equity financing.
Uniswap partners with decentralized lending protocol Morpho to launch yield product Earn, enabling users to directly deposit USDC, USDT, and ETH to earn on-chain yield while keeping assets non-custodial.
Upbit announced that it will list MORPHO on the Korean Won (KRW) market on July 25, with deposits and withdrawals supported only on the Ethereum network. Restrictions on buying, selling, and order types will be implemented during the initial trading period.
Decentralized stablecoin USDD announces additional TRX-exclusive bonuses to the sUSDD market on Pendle, while simultaneously increasing base USDD rewards. The additional benefits include 22,000 USDD and 13,000 TRX, as well as Pendle market rewards (approximately 30% of the value of the USDD and TRX rewards). The event runs from today until July 30 at 08:00 (Singapore Time). USDD officially notes that users can leverage the current high liquidity and low borrowing costs of the Morpho PT-sUSDD/USDT pool to enhance asset utilization and further maximize yields. With this round of USDD incentive injection, sUSDD YT-side yields are expected to reach new highs. Users are advised to seize this window of opportunity and lock in high-yield opportunities through Morpho loop lending immediately.