Morph partners with Gauntlet and Morpho to provide institutional-grade on-chain yield strategies for Bitget and Bitget Wallet users

Odaily News: Morph has announced a partnership with yield strategy platform Gauntlet and on-chain credit protocol Morpho to provide institutional-grade on-chain yield strategies for Bitget and Bitget Wallet users. This collaboration further expands Morph's application scenarios as Web3 payment and settlement infrastructure, and promotes institutional-grade on-chain financial services reaching a broader user base. Through the underlying infrastructure provided by Morph, users can directly access the Morpho Aera Vault deployed on Morph without complex on-chain operations.

Morph stated that users can directly deposit USDC or bgBTC (Bitget Wrapped Bitcoin) on Bitget and Bitget Wallet to participate in on-chain yield strategies. The expected annualized yield for USDC is approximately 18%, while bgBTC is expected to yield around 3%. Among these, the bgBTC yield strategy will go live on Bitget Exchange on July 31, and the USDC yield strategy will launch on Bitget Wallet on August 3.