First Vault's Total Value Locked Surges to $40 Million as Zama Opens Deposits for 16 Confidential Morpho Vaults

Odaily News: Onchain confidentiality protocol Zama will open deposits for 16 confidential vaults on Morpho, covering assets including USDC, USDT, AUSD, and TGBP. Of these, 12 vaults correspond to existing non-confidential Morpho vaults on Ethereum, while the other 4 are created for confidential deposits; Steakhouse Financial will manage some of the vaults, with Armitage by Wintermute, Flowdesk, RockawayX, and Bitwise also serving as managers. Zama's first vault launched in June in collaboration with Morpho and Steakhouse Financial, adopting Steakhouse's USDC Prime strategy, with total value locked growing from zero to $40 million within seven weeks.