Bitso Adds Morpho Lending Vaults Through Bóvedas
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitso’s Bóvedas product brings Morpho lending to its app, placing USDC and peso-pegged MXNB in noncustodial vaults with variable returns and no deposit insurance.
Bitso has introduced Bóvedas, a product that gives users access to Morpho lending through its app, according to The Defiant.
The offering places USDC and MXNB, a token pegged to the Mexican peso, into noncustodial lending vaults.
Returns on the vaults are variable rather than fixed. Funds deposited through the product are not covered by deposit insurance.
Source: The Defiant
