PANews reported on January 27th that, according to The Block, crypto asset management company Bitwise has officially entered the DeFi market by launching its first on-chain vault strategy through the decentralized lending protocol Morpho. This initial vault aims to achieve a yield of up to 6% on the USDC stablecoin by deploying funds in Morpho's "overcollateralized" lending market. Bitwise is responsible for strategy design and real-time risk management, while user funds remain in a non-custodial model and on-chain.

The head of Bitwise's multi-strategy solutions stated that this move aims to allow investors to access on-chain yields without having to manage complex risk parameters themselves. Future support may include other major stablecoins, crypto assets, and a wider range of DeFi strategies, such as real-world asset tokenization, DEX liquidity provision, and yield mining.