Hassan Maishera
On Tuesday, the Celo Foundation announced via X that Morpho Markets and Vaults are now live on Celo, the Ethereum Layer-2 designed for fast, low-cost transactions and built for real-world applications.
This integration brings Morpho’s immutable money markets and expert-curated vaults to Celo’s global ecosystem, bringing yield to 700k+ daily users worldwide, especially in emerging markets in Latin America, Sub-Saharan Africa, and Southeast Asia, where crypto adoption is often highest.
With this integration, Morpho’s permissionless and immutable lending markets are strengthened by Celo’s core mobile-optimized infrastructure with sub-cent gas fees, single-block finality, and fee abstraction (gas payments via ERC-20 tokens, including USD₮).
For Morpho Vaults on Celo, leading onchain asset curator Feather will manage USD₮ and CELO supply vaults backed by collateral assets including wBTC, WETH, EURm, and stCELO.
Upon launch, users can earn incentives distributed in Tether USD₮. The vaults are designed to generate sustainable yield from secured, over-collateralized lending markets while supporting ecosystem liquidity through efficient borrowing against high-quality collateral.
Deliberately designed to bring user-friendly, high-yield solutions to ecosystems throughout the Web3 industry, each Morpho Vault operates as a self-contained smart contract with configurable parameters for risk and yield strategy.
The integration grows Celo’s existing lending markets infrastructure, joining Aave v3, which launched on Celo in 2025. T
Celo is an open platform that supports various distributed applications, smart contract development, and payments using e-mail addresses and phone numbers as public keys. CELO is up 2.35% in the last 24 hours and currently trades at $0.07447.
