Bitget integrates Morpho and Gauntlet to offer 18% APY on USDC to its 125 million users.
DeFi & Yields ·
Bitget has integrated Morpho and Gauntlet to offer depositors an 18% annual percentage yield on USDC, routing access to this opportunity across its user base of 125 million. The partnership connects the exchange's users directly to yield generated through these decentralized finance protocols, allowing retail participants to earn returns on stablecoin holdings without moving funds off the platform.
The mechanics involve Bitget acting as a bridge between its users and the underlying Morpho and Gauntlet infrastructure, where USDC deposits generate yield. This type of integration reflects a broader trend of centralized exchanges embedding DeFi yield products to compete on returns and user retention.
Several questions remain unresolved: whether the 18% yield is fixed or variable, how long the offer will remain active, what minimum or maximum deposit limits apply, and whether the integration will extend to other assets or users beyond the current user base.