ChainCatcher news, according to The Defiant, the fintech platform SwissBorg, which focuses on cryptocurrency and serves the European market, has announced the launch of a yield-generating USDC Earn product utilizing the Morpho protocol. This new product is now available to users of the SwissBorg app, providing access to a customized Morpho Vault for a Web2 audience.It is reported that the product can access Morpho's WBTC/USDC and wstETH/USDC markets, marking the first use of Morpho's Vaults in a CeFi environment.

ChainCatcher news, according to monitoring by Spot On Chain, due to concerns from the Polygon Foundation regarding the transparency of token allocation, Hermez Network unstaked 4.5 million MATIC (approximately 3.81 million USD) and deposited it into the crypto investment platform SwissBorg two hours ago.The open-source ZK Rollup network Hermez Network was acquired by Polygon for 250 million USD in 2021, and Hermez Network still has at least 39.92 million MATIC (34 million USD) staked.

ChainCatcher news, Swiss cryptocurrency startup SwissBorg, based in Lausanne, has completed a $23 million Series A community funding round with a total of 16,600 investors participating.It is reported that SwissBorg connects users with decentralized finance platforms through its yield products, generating returns on crypto assets in a transparent manner and building a comprehensive crypto wealth management ecosystem. (source link)