Bitwise Asset Management launched its first curated onchain vault on Morpho, aiming for up to 6% yield on USDC by deploying into over-collateralized lending markets while keeping user funds non-custodial. The firm oversees strategy and real-time risk and may add other stablecoins and DeFi approaches. Kraken also unveiled a vault-based "DeFi Earn" targeting up to 8% yields.