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Galaxy Curator brings Morpho yield vaults to institutional stablecoins
The platform launches with two vault types, including a Quality Vault aimed at capital preservation using blue chip collateral.
Galaxy Digital founder Mike Novogratzs firm is launching an institutional vault curation business focused on putting idle stablecoins to work on decentralized lending, without requiring institutions to directly manage DeFi infrastructure. CoinDesk reports the offering, called Galaxy Curator, is built on the Morpho protocol and is being distributed through Fireblocks Earn, Galaxy said in a Thursday press release.
According to CoinDesk, Galaxy Curator is designed to give institutional clients access to curated onchain yield strategies while keeping assets at the protocol level. The program applies Galaxy's institutional risk framework, including collateral standards, exposure limits and market monitoring, for DeFi lending.
CoinDesk said Galaxy is debuting two vault products. A Quality Vault targets capital preservation using blue chip collateral, while an Enhanced Vault aims for higher yields using assets that include liquid restaking tokens, Pendle principal tokens and Ethena products.
CoinDesk noted the launch targets a common challenge for large stablecoin holders, where balances can remain uninvested due to the complexity and risks of interacting directly with decentralized finance protocols. The report added that professional vault curation has been one of the fastest growing segments of DeFi, with multiple firms expanding Morpho-related curated vault offerings over the past year.