[Bitwise Launches First Onchain Vault via Morpho, Targeting Up to 6% Annualized Yield on USDC] Odaily Planet Daily reports that crypto asset management company Bitwise Asset Management has announced the launch of its first onchain vault strategy through the decentralized lending protocol Morpho, officially entering the DeFi space. This vault uses the USDC stablecoin as its core asset, with a target annualized yield of up to 6%. Funds will be deployed in the over-collateralized lending market on the Morpho platform. Bitwise will be responsible for strategy design and real-time risk management, while user assets will remain non-custodial and held onchain at all times. Bitwise stated that this type of onchain vault is designed to provide a more user-friendly solution for investors seeking DeFi yields but unwilling to manage complex onchain risks themselves. The company also revealed plans to support more stablecoins and crypto assets in the future, gradually expanding into DeFi strategies such as RWA tokenization, DEX liquidity provision, and yield farming.