Morpho: Zama confidential vaults go live with over $66M in deposits - Sep 2026

Zama's confidential vaults are now deployed on Morpho, bringing encrypted balances to the lending protocol. The launch has drawn over $66M in confidential deposits, including more than $16M through launch partner RockawayX, whose vaults anchor the initial rollout.Early deposit levels suggest actual demand for confidential DeFi on Morpho rather than a purely technical integration. RockawayX's role as a launch partner gives the rollout an initial base of managed vaults, which can help liquidity concentrate in a few venues at first. The deposits do not yet feed a direct token-economic mechanism for MORPHO, so the catalyst rests on adoption momentum and whether confidential vault usage broadens beyond the initial partners.. has been making waves with the confidential vaults deployed earlier this month on , now holding over $66M+ in confidential deposits.As a launch partner, our vaults have scaled to over $16M in deposits, offering ~13.31% APY (RWA USDC) and ~9.39% APY (USDC Yield).…