Token issuer or protocolPrivacy liveThe first confidential yield vault on Ethereum mainnet opened in June 2026: Steakhouse Confidential USDC Prime, built with Zama's FHE stack, encrypts depositor balances and positions while routing capital into a Morpho vault. The confidentiality is the partner's rather than the protocol's, and base Morpho markets remain fully transparent.
Private by design.
See how confidential transactions work on the networks you already use.