Zama expands confidential Morpho lineup after first vault hits $40 million, launches private swaps on Ethereum
Onchain confidentiality protocol Zama (ZAMA) is opening deposits into 16 confidential vaults on Morpho today, Sept. 15, across assets including USDC, USDT, AUSD, and TGBP. Its first vault, launched in June with Morpho and Steakhouse Financial, grew from zero to $40 million in total value locked (TVL) within seven weeks. The project is also launching the Zama Swap Protocol, allowing users to swap between confidential assets and vault shares on Ethereum without disclosing transaction size or intent. Steakhouse, Armitage by Wintermute, Flowdesk, RockawayX, and Bitwise will serve as curators for the new vaults.
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