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Bitso Bóvedas Connects USDC and MXNB to Morpho Vaults

Bitso users can lend USDC or MXNB through integrated non-custodial wallets into Gauntlet-curated Morpho vaults with variable returns and protocol risk.

Published
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Technical illustration

Bitso’s Bóvedas product now lets eligible users move USDC or MXNB from the Bitso app into integrated non-custodial wallets that lend through Morpho. Bitso’s October 26 help documentation says the vaults are curated by Gauntlet, which sets risk parameters and allocations, while Bitso does not operate or control the Morpho protocol.

Returns are variable rather than fixed or guaranteed, and funds sit in smart contracts rather than Bitso custody while deployed. Users do not need to manage a recovery phrase in the normal integrated flow, but protocol, collateral, oracle and liquidity risks remain. The release expands consumer access to Morpho lending in Latin America; it is not a bank deposit or a promise of a specific yield.

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