How Concrete Simplifies DeFi for Morph Consumers
Morph’s commitment to consumer applications that are easy to use, understand, and benefit from has been clear-cut. This uncompromising stance has at times put us at odds with DeFi. While we firmly believe that accessing and benefiting from on-chain financial tools is a fundamental consumer right, the unintuitive interfaces, convoluted concepts, and overwhelming strategies these services rely on run counter to our vision.
How can we reconcile these two paradoxical sides of DeFi to make its incredible advantages more accessible to all?
Concrete, a DeFi platform that handles the complexities of yield generation and risk management on behalf of users, has partnered with Morph to address this challenge head-on
What are Morph Concrete Earn Vaults?
Imagine a platform in which all of the complications associated with DeFi are reduced to making a simple deposit.
This is precisely what Concrete’s Morph Vaults do.
You select any of your popular tokens already on Morph and deposit them into a vault with a simple click. Concrete takes care of assessing risks and developing a strategy that returns the highest yields across partnered Morph ecosystem dApps. You then wait until the vault finishes dynamically allocating funds based on its strategies and withdraw your earnings or rewards upon its conclusion (1-3 months after launch).
Advanced Strategies for Experienced Users
While the vaults are designed to be simple, they don't limit the potential for more sophisticated strategies. Advanced users can leverage their vault deposits for additional earnings through ct[asset] tokens, or receipt-like tokens that represent your vault deposits.
For example, if you deposit BGB into a vault, you receive an equivalent sum of ctBGB.
This receipt token of sorts is considered liquid, meaning that you’ll be able to use it as collateral for other DeFi operations and trades while your original assets continue to earn within the vault.
Supported Tokens and Protocols
Currently supported tokens include:
- Bitget: BGB
- Agora: AUSD
- Ethena: USDe, sUSDe
- EtherFi: weETH
- Majors: WETH, WBTC, USDC, USDT
Strategic yield sources and protocols include:
- Bulbaswap (V2 pools)
- Quokka Lend
- Morph
- Concrete
Momodrome, Layerbank, Mitosis, and Lombard are also under consideration.
Since Morph Concrete vaults are in their initial deposit stage, the ecosystem is expected to expand with additional protocols and tokens, creating even more opportunities for users to maximize their yields while maintaining simplicity and security. Through this partnership, Morph proves that DeFi can be both powerful and accessible, with advanced financial tools becoming available to everyone with just a simple deposit. This is how we make blockchain work for everyone.
Stay tuned for more updates coming soon.
