Zama And Morpho Push Confidential DeFi With New USDC Yield Vault

Zama and Morpho are pushing a more privacy-aware version of DeFi with a confidential USDC yield vault design that uses fully homomorphic encryption, or FHE, to bring private deposit logic to a public Ethereum environment.TL;DRZama published a design for private deposits into public DeFi using FHE.The vault is tied to Morpho and Steakhouse’s confidential USDC Prime setup.The useful angle is how privacy can support institutional DeFi without hiding the existence of the protocol itself.The de