Zama expands confidential DeFi on Ethereum
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- Zama is opening 16 confidential Morpho vaults across USDC, USDT, AUSD and TGBP.
- Its first vault reached $40 million in total value locked within seven weeks.
- Zama is also launching swaps that hide transaction sizes and trading intent.
Zama (CRYPTO:ZAMA) is opening 16 confidential Morpho vaults on Ethereum for deposits across four stablecoins.
The expansion follows Zama’s first vault reaching $40 million in total value locked within seven weeks of its June launch.
“On public blockchains, positions, balances, and strategies are visible to competitors and front-runners, a structural blocker to institutional deployment at scale,” Zama explained.
Twelve vaults already exist on Morpho, while four have been created specifically for confidential deposits.
Steakhouse Financial, Armitage by Wintermute, Flowdesk, RockawayX and Bitwise will curate the vaults.
Zama is also launching its Swap Protocol, allowing users to exchange confidential assets without revealing transaction sizes or trading intent.
The confidential vaults will launch through Zama’s app first, with Utila, Zerion Wallet and Yield.xyz expected to add them later.
