Zama Opens Confidential Access to DeFi's Existing Yield Venues (17 Sep)

Paris, France, September 17th, 2026, Chainwire Following June's launch with Morpho and Steakhouse, Zama extends confidential access to 16 curated vaults across five curators and five asset classes, and opens the Zama Swap Protocol for confidential swaps between positions. Zama, the fastest growing confidentiality protocol for onchain finance, today announced a major expansion of confidential access to onchain yield in partnership with Morpho, alongside five of the leading DeFi curators: Steakhouse Financial, Armitage by Wintermute, Flowdesk, RockawayX, and Bitwise. The launch adds 16 confidential vaults across 5 asset classes (USDC, USDT, WBTC, AUSD, and TGBP), and opens the public launch of the Zama Swap Protocol, allowing users to confidentially swap between confidential assets on Ethereum. This launch builds on the confidential Steakhouse USDC Prime vault Zama launched with Morpho and Steakhouse in June 2026, which grew from zero to $40 million in TVL within seven weeks and established confidential DeFi as a proven institutional product category. On public blockchains, positions, balances, and strategies are visible to competitors and front-runners, a structural blocker to institutional deployment at scale. By expanding the range of curated confidential vaults and adding four new asset classes as deposit assets, Zama enables institutional allocators, corporate treasuries, and active market participants to access diversified onchain yield without disclosing their holdings or strategies. "When we launched the first confidential USDC vault with Morpho and Steakhouse in June, we proved that confidentiality and DeFi are not mutually exclusive," said Dr. Rand Hindi, Co-founder and CEO of Zama. "Today's expansion is proof of the model at scale. Sixteen vaults, five curators, five asset classes, all built on the same DeFi infrastructure that sophisticated capital already uses. Same vaults, same curators, same liquidity, now with confidential entry. This is how confidential DeFi becomes a category and not an experiment." The expansion offers depositors two types of confidential vaults, running in parallel: 12 Hybrid vaults: confidential entry to existing curated vaults, including the Prime USDT vault curated by Steakhouse. Same strategy, same liquidity, and same risk profile as the underlying vault, with confidential deposit and position. 4 Exclusive vaults: net-new confidential-only vaults with no public equivalent, including the Wintermute Confidential WBTC - armcWBTC. (----) All 16 vaults are deployed on Morpho and available today through the Zama App. Additional entry points, including Utila, Zerion Wallet, and Yield.xyz, will roll out in the weeks following launch. The Zama Swap Protocol launches alongside the vault suite, allowing depositors to swap between confidential assets, including all vault share positions, and cUSDC, cUSDT, cWBTC, cAUSD, and cTGBP, without exposing intent or size. This closes the full deposit-earn-swap loop entirely inside a confidential envelope. “Institutions have increasingly been exploring how onchain capital allocation can be made more confidential to fit their requirements.