I only found out after seeing the wizard's tweet that @ zama officially launched the app today. I thought the project team was pretending to be dead in the bear market, but I didn't expect Zama to continue pushing forward, and this time it seems to be a valuable update. Previously, everyone's impression of Zama was to create on chain "verifiable privacy", not the crude mixer scheme of the older generation, but a native privacy protocol based on FHE (fully homomorphic encryption), which can encrypt your on chain balances and transfer records while maintaining compliance verification. But the application scenario is still a bit distant for ordinary users. A major feature of their upgrade this time is that they have secured private assets in Defi. The first cUSDC DeFi yield vault will be launched on June 23rd on Morpho. This solves a big pain point, after all, no one wants to let their money lie idle for privacy, right? Now we can switch from USDC to cUSDC and quietly mine DeFi. Traditional privacy solutions, such as mixers like Tornado Cash, are obfuscated afterwards, and assets are transparent before/after they enter. But after this upgrade, the contract of Morpho can handle cUSDC (privacy USDC) deposits, calculate interest, and update balances. It is unknown how much money you have deposited throughout the process, but mathematically the result is correct, which can be considered a technical milestone. Privacy is considered an old and tough track in the current encryption narrative. Look at Zec, the Zama issue is meaningful for the industry now.