Coinbase launches Prime and High Yield USDC lending vaults on Morpho, curated by Steakhouse Financial. Prime uses BTC/ETH collateral; High Yield taps Ethena-powered assets including USDtb.

Decentralized lending platform Morpho has secured $175 million in its latest funding round, highlighting the rise of curated lending vaults.

Ethena launches the SteakhouseFi High Yield Vault on Coinbase, bringing USDe synthetic dollar savings with 11.2% average APY to over 100 million users.