First confidential DeFi yield vault on Ethereum Launched (2 minute read) (opens in new tab)

The three teams have jointly launched the Steakhouse Confidential USDC Prime vault, which uses Zama's fully homomorphic encryption to convert standard USDC into shielded cUSDC directly on Ethereum and routes it into Morpho's lending infrastructure while keeping balances, transfer amounts, and strategy details hidden from public view. The product targets institutions deterred by DeFi's inherent transparency, which exposes positions to competitors and front-runners, though it arrives against a ...