Cygnus collaborates with Morpho Labs to promote the modular upgrade of wcgUSD
ChainCatcher news, Cygnus has partnered with Morpho Labs to assist in the modular upgrade process of wcgUSD. At the same time, Cygnus plans to diversify the reserves of wcgUSD into the Morpho Prime treasury, exploring secure and flexible yield strategies suitable for institutional levels.In the current testing phase, the liquidity of wcgUSD has been integrated into the Morpho Prime treasury, with both parties collaborating to explore low-risk DeFi strategies. The Morpho Prime treasury has significant advantages, accepting only blue-chip assets such as wstETH, cbETH, and wBTC as collateral, demonstrating superior performance that surpasses Aave, and utilizing lightweight code for better security and auditability. Currently, Morpho has achieved remarkable results in the institutional DeFi space, facilitating over $2 billion in loan transactions.Cygnus stated that this collaboration is currently in its early stages, and will continue to optimize strategies and steadily advance the construction of a unified cross-chain yield layer.