[Bitwise Launches On-Chain Vault via Morpho, Aiming to Provide Up to 6% Yield for USDC] According to The Block, crypto asset management company Bitwise has launched its first on-chain vault strategy through the decentralized lending protocol Morpho, officially entering the DeFi market. This initial vault aims to achieve up to a 6% yield on the USDC stablecoin by deploying funds in Morpho's 'over-collateralized' lending market. Bitwise is responsible for strategy design and real-time risk management, while user funds remain non-custodial and stay on-chain. The head of multi-strategy solutions at Bitwise stated that this move is intended to allow investors to access on-chain yields without having to manage complex risk parameters themselves. In the future, the company may support other major stablecoins, crypto assets, and broader DeFi strategies, including tokenization of real-world assets, DEX liquidity provision, and yield farming.