Morpho has officially launched new Risk Capital Vaults tailored for the popular stablecoins USDT and USDC. This move fosters deeper integration with the Sky ecosystem, formerly known as MakerDAO, enhancing liquidity options and yield opportunities for users.

The new vaults enable holders of USDT and USDC to supply their assets into these specialized markets, gaining exposure to the lending rates of stUSDS – Sky's yield-bearing stablecoin – while also earning additional rewards in USDS. On the flip side, stUSDS holders can now leverage their positions as collateral to borrow USDT or USDC, unlocking greater capital efficiency within the ecosystem.

To kickstart adoption and liquidity, Morpho and Sky have rolled out a promotional incentive program. During the first week, each vault will distribute 30,000 USDS in rewards, amounting to a total of 60,000 USDS across both. These incentives are being handled through the Merkl automation platform, underscoring Sky's ongoing efforts to solidify its stablecoin offerings in the heart of DeFi money markets.

This launch builds on Morpho's established role as a noncustodial lending protocol, where vaults are curated by third-party risk experts to optimize yields from over-collateralized lending. Early indicators show strong interest: Just one day post-launch, over 18 million USDS has already been supplied to related markets, highlighting the vaults' potential to leverage stUSDS positions effectively.

Sky, which rebranded from MakerDAO to focus on rewarded, non-custodial savings with USDS, continues to expand its footprint in DeFi. The integration with Morpho aligns with broader trends where vaults are evolving into programmable asset management tools, democratizing access to sophisticated financial products. Industry observers note that such collaborations could pave the way for more liquid and personalized DeFi strategies, attracting both retail and institutional participants.

As DeFi protocols like Morpho and Sky push boundaries, this development signals a maturing landscape where stablecoins and lending markets intertwine more seamlessly, potentially driving higher adoption rates in the coming months.