Morph, an Ethereum Layer 2 payments network designed for digital asset transactions, has partnered with on-chain credit protocol Morpho and yield optimization firm Gauntlet to deliver institutional-grade yield strategies to over 125 million users across Bitget Wallet and Bitget Exchange.

The integration enables Bitget customers to deposit USDC and Bitcoin directly through their existing accounts, accessing curated yield strategies powered by Morpho and Gauntlet's Aera vaults on Morph's infrastructure. Morpho operates as a permissionless lending protocol that allows anyone to create and participate in on-chain credit markets, while Gauntlet provides risk management and parameter optimization used across major DeFi protocols. Aera is Gauntlet's vault platform designed to manage institutional capital with automated risk controls. Users can earn approximately 18% annual percentage yield (APY) on USDC deposits and 3% APY on bgBTC, Bitget's wrapped Bitcoin product — all without relinquishing custody or navigating external decentralized finance protocols. The partnership represents a broader industry trend of centralized exchanges and wallet providers embedding DeFi-native yield products directly into their interfaces, reducing the technical barrier that has traditionally separated retail users from on-chain lending markets.

Executive Commentary

"The future isn't about forcing users to learn new systems. It's about bringing opportunities to where users already are," said Gracy Chen, CEO of Bitget, in a written statement. "By integrating onchain yield directly into the Bitget experience, we're removing friction between holding BTC and putting it to work."

"Self-custody and institutional-grade yield are no longer a trade-off," said Alvin Kan, Chief Operating Officer at Bitget Wallet, in a written statement. "Earning meaningful yield on USDC used to mean surrendering custody and navigating complex DeFi protocols. This integration removes both — users access curated strategies directly within their account while retaining full ownership."

Phased Rollout

The rollout will proceed in two phases. The bgBTC yield strategy is scheduled to launch on Bitget Exchange beginning July 31, while the USDC yield strategy will become available on the self-custodial Bitget Wallet starting August 3. Morph's infrastructure abstracts all underlying complexity, allowing users to maintain their Bitcoin positions while participating in yield-generating activities.

Infrastructure and Cross-Chain Architecture

"This collaboration is a direct expression of what Morph's network speed and capabilities make possible — connecting institutional-grade onchain yield infrastructure to hundreds of millions of users through a seamless, user-friendly interface," said Kate Wong, Liquidity and DeFi Lead at Morph, in a written statement.

"This integration with Morph shows how onchain finance can reach massive scale when it is embedded into products people already use everyday," said Paul Frambot, Chief Executive Officer and co-founder of Morpho, in a written statement. "This is what Morpho's infrastructure enables: on-chain lending delivered through familiar interfaces, without any additional complexity for the user."

"Gauntlet's mission is to bring a rigorous, data-driven balance of managing both yield and risk to on-chain capital markets," said Matt Dobel, Vice President of Growth at Gauntlet, in a written statement. "Deploying our vault strategies on Morph — and making them accessible to Bitget's user base — represents exactly the kind of scale and reach we are building toward."

Cross-chain functionality for bgBTC is powered by Chainlink's Cross-Chain Interoperability Protocol (CCIP), which facilitates asset movement between Morph's Layer 2 infrastructure and other blockchain networks with industry-standard security.

The partnership advances Morph's objective of serving as a payments and settlement layer for Web3 financial infrastructure, demonstrating how its business-to-business integration capabilities translate into capital-efficient financial products deployed at scale.