Zama: Morpho's DeFi vault supporting cUSDC sees $5.83 million deposited within 48 hours

Foresight News reported that Zama announced that within 48 hours of its launch, the Steakhouse Confidential Prime USDC Vault—designed by SteakhouseFi and deployed on the Morpho protocol—has accumulated a total deposit amount of $5.83 million. Zama indicated that this vault is the DeFi industry’s first vault product supporting the privacy version stablecoin cUSDC, which is powered by Zama’s fully homomorphic encryption (FHE) technology.

In addition, Zama simultaneously launched a 12-week yield incentive program. The current "Launch Pulse" phase is the highest-yielding window in the entire plan; the earlier and the larger the deposit, the greater the potential rewards.