Zama, Morpho, Steakhouse to launch privacy-preserving yield product

Zama, Morpho, and Steakhouse Financial will launch a privacy-preserving cryptocurrency yield product based on fully homomorphic encryption (FHE) next week, The Block reported. The product is described as the first of its kind on the Ethereum network. It will allow Zama's cUSDC holders to deposit assets into a Morpho vault and earn interest without exposing their balances or trading strategies on-chain. Zama and Morpho anticipate the offering will meet the privacy demands of institutional investors.