Coinbase Users Deposit $450M into Steakhouse Vault on Morpho, Unlocking Institutional-Grade Onchain Yield

Massive Flow Into Onchain Yield Through Coinbase

Recent data shows that Coinbase users have collectively deposited $450 million into the Steakhouse vault via the Morpho protocol. This marks a significant step forward in the adoption of decentralized finance (DeFi), demonstrating growing confidence in onchain yield opportunities.

Seamless Access to Institutional-Grade Returns

Users can now earn competitive onchain yields directly within the Coinbase app, without needing to interact with third-party platforms. This streamlined integration removes complexity and enhances the overall user experience in accessing DeFi products.

DeFi Gains Momentum

• Strong inflows into Steakhouse vault signal growing trust in decentralized lending protocols
• Morpho is gaining traction among mainstream and institutional investors
• Onchain yield tools are becoming a preferred choice for yield-seeking investors

This trend highlights the increasing maturity of DeFi and its growing appeal to a broader audience beyond early adopters.