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 South East Asia, where crypto adoption is often highest.
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₮). 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.
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.
“Morpho deploying on Celo accelerates our mission of making DeFi solutions accessible, affordable, and user-friendly for real-world users everywhere,” said Elizabeth Peng, Celo Foundation Chief Operating Officer. “Morpho’s launch is an evolution of Celo’s thriving ecosystem of blue-chip DeFi protocols, expanding the frontier technology offered to our global user base to bring strong, secure yield solutions to those who may not have access to traditional financial systems. We’re excited to welcome the next wave of yield innovation to Celo, expanding access to efficient, programmable lending and onchain credit markets on a global scale.”
“Morpho bringing onchain savings and crypto-backed loans to Celo users is a natural extension of the Morpho Everywhere strategy, said Kirk Hutchison, Chain Expansion Lead and Head of Governance. “Morpho is bringing onchain lending to users with optimized experiences as a leading universal lending network across ecosystems. With the launch on Celo, users can enjoy the best onchain lending experience on mobile while tapping into the ever-growing universal lending network on Morpho.”
“Feather is proud to serve as the vault curator for Morpho’s launch on Celo, bringing our risk managed, yield-optimized infrastructure to one of the most mission aligned ecosystems in Web3,” said Carter Woetzel, Founder of Feather. “Celo’s global user base, particularly in emerging markets where adoption of crypto continues to accelerate, represents exactly the kind of real world impact that decentralized lending should enable. By curating USD₮ and CELO supply vaults with carefully selected collateral and sustainable yield strategies, we’re ensuring that Morpho on Celo enables a significant utility unlock for the entire ecosystem.”
The integration grows Celo’s existing lending markets infrastructure, joining Aave v3, which launched on Celo in 2025. The Aave integration was met with strong user demand, driving supply cap increases, with USD₮ doubling from 12M to 24M, and CELO increasing from 3M to 4.5M, and wETH increasing 6x to 3,000. Morpho further addresses the Celo ecosystem’s demonstrated interest in mobile-optimized, accessible lending solutions while diversifying the DeFi ecosystem.
Future expansions will further extend liquidity options for global users, leveraging Celo’s robust ecosystem of 25+ native stablecoins, tokenized assets including XAUt0 (USDT0’s omnichain Tether Gold), or synthetic positions on Celo’s mobile-first, low-cost, and high-throughput Ethereum Layer 2.
