Morph, Morpho And Gauntlet Partner To Deliver Institutional On-Chain Yield To Bitget’s 125M Users
In Brief
Morph, Morpho and Gauntlet partner to offer institutional-grade on-chain yield on USDC and bgBTC to 125 million Bitget users.
Morph, a payments network purpose-built for digital asset transactions, has announced a collaboration with on-chain credit protocol Morpho and yield optimization firm Gauntlet. The partnership will make institutional-grade yield strategies available to more than 125 million users of Bitget Wallet and Bitget Exchange.
The integration allows Bitget customers to deposit USDC and Bitcoin directly through their existing accounts to access curated yield strategies powered by Morpho and Gauntlet’s Aera vaults on Morph’s infrastructure. Users will be able to earn approximately 18% annual percentage yield on USDC deposits and 3% APY on bgBTC, Bitget’s wrapped Bitcoin product, without surrendering custody or navigating external decentralized finance protocols.
“The future isn’t about forcing users to learn new systems. It’s about bringing opportunities to where users already are,” said Gracy Chen, CEO at Bitget in a written statement. “By integrating onchain yield directly into the Bitget experience, we’re removing friction between holding BTC and putting it to work,” she added.
“Self-custody and institutional-grade yield are no longer a trade-off,” said Alvin Kan, chief operating officer at Bitget Wallet in a written statement. “Earning meaningful yield on USDC used to mean surrendering custody and navigating complex DeFi protocols. This integration removes both — users access curated strategies directly within their account while retaining full ownership,” he added.
The rollout will occur in two phases. The bgBTC yield strategy will launch on Bitget Exchange beginning July 31, while the USDC yield strategy will become available on the self-custodial Bitget Wallet starting August 3. All underlying complexity is abstracted through Morph’s infrastructure, enabling users to maintain their Bitcoin positions while participating in yield-generating activities.
Industry Leaders Highlight Infrastructure Capabilities, Cross-Chain Architecture, and Strategic Vision for Web3 Finance
“This collaboration is a direct expression of what Morph’s network speed and capabilities make possible — connecting institutional-grade onchain yield infrastructure to hundreds of millions of users through a seamless, user-friendly interface,” said Kate Wong, Liquidity and DeFi Lead at Morph in a written statement.
“This integration with Morph shows how onchain finance can reach massive scale when it is embedded into products people already use everyday,” said Paul Frambot, chief executive officer and co-founder of Morpho in a written statement. “This is what Morpho’s infrastructure enables: on-chain lending delivered through familiar interfaces, without any additional complexity for the user,” he added.
“Gauntlet’s mission is to bring a rigorous, data-driven balance of managing both yield and risk to on-chain capital markets,” said Matt Dobel, vice president of growth at Gauntlet in a written statement. “Deploying our vault strategies on Morph — and making them accessible to Bitget’s user base — represents exactly the kind of scale and reach we are building toward,” he added.
Cross-chain functionality for bgBTC is enabled by Chainlink’s Cross-Chain Interoperability Protocol, which facilitates seamless asset movement between Morph’s Layer 2 infrastructure and other blockchain networks with industry-standard security.
The partnership advances Morph’s objective of serving as a payments and settlement layer for Web3 financial infrastructure, illustrating how its business-to-business integration capabilities translate into capital-efficient financial products deployed at scale.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
