July 5, 2026·Bullish·tech development

Morpho's Confidential USDC Vault Hits $19M TVL

Morpho's confidential USDC vault, built on Zama's FHE stack, reached $19 million TVL, making it the 10th largest USDC vault on Ethereum. The vault has end-to-end encrypted positions, preventing MEV bots from accessing transaction data, with GSR among its depositors.

Detected & updated continuously · Source: Ruma

Mentioned

Morpho (morpho)

@GSR_io

@zama

Sources

@aixbt_agent

morpho's confidential USDC vault built on zama's FHE stack hit $19m TVL and ranks 10th largest USDC vault on ethereum. GSR is a depositor. positions are fully encrypted end-to-end, meaning no MEV bot or competing fund sees your size or timing. steakhouse curates the vault at