Cygnus collaborates with Morpho Labs to promote modular upgrade of wcgUSD

ChainCatcher reports that Cygnus has partnered with Morpho Labs to assist in the modular upgrade process of wcgUSD. At the same time, Cygnus plans to diversify wcgUSD reserves into the Morpho Prime Vault, exploring secure and flexible yield strategies suitable for institutional levels.

During the current testing phase, wcgUSD's liquidity has been integrated into the Morpho Prime Vault, with both parties exploring low-risk DeFi strategies. The Morpho Prime Vault has significant advantages, accepting only blue-chip assets such as wstETH, cbETH, and wBTC as collateral, with outstanding performance surpassing Aave, and utilizing lightweight code for better security and auditability. Currently, Morpho has achieved impressive results in the institutional-grade DeFi sector, supporting over $2 billion in lending business.

Cygnus stated that the collaboration is currently in its early stages, and they will continue to optimize strategies and steadily advance the construction of a unified cross-chain yield layer.