Morpho Blue and @gauntlet_xyz Launch New Vaults, TVL Hits $200M

Morpho Blue, a protocol that has gained significant traction in a few weeks since its launch, has introduced three new MetaMorpho vaults in partnership with @gauntlet_xyz. The vaults, namely WETH Prime Vault, USDC Prime Vault, and MKR Blended Vault, are curated by Gauntlet and offer 0% fees for the first six months to depositors. This move is part of Morpho Blue's strategy to provide a profitable business model for its builders and to manage risk and scale lending effectively. Additionally, Morpho Blue's Total Value Locked (TVL) has surpassed $200 million in less than two months, showcasing rapid growth and the introduction of a new risk layer for suppliers through MetaMorpho vaults.