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Deposit into proven DeFi strategies. Only you can see your position.
Deposit amounts, balances, and timing are visible to anyone by default. Confidential Vaults encrypt them, without changing the strategy your capital goes into.
Verifiable
Onchain settlement, fully auditable.
Encrypted
Positions encrypted at the token level.
Compliant
Fund admin, custodians, and regulators retain access by role.
Composable
Drops into your existing stack.
Who it's for
Institutions and platforms that need onchain yield without exposing positions, balances, or strategy.
Corporates & DAOs
Earn on treasury reserves without disclosing their size or the timing of a rebalance.
Trading firms and prop desks
Earn on idle collateral without signaling inventory or positioning to counterparties.
Funds & family offices
Allocate to DeFi credit strategies while keeping positions and mandate sizes private.
Wallets & custody platforms
Offer confidential yield to your users through your existing custody and wallet workflows.
Built with trusted partners
Every vault combines proven lending infrastructure, an independent risk curator, and the Zama Confidential Protocol.
Morpho
Lending Infrastructure
Morpho provides the institutional-grade lending rails and deep liquidity underlying this vault's strategy.
Steakhouse
Risk Curator
Steakhouse curates risk parameters, selects markets, and actively manages positioning for consistent performance.
Zama
Confidentiality Layer
The Zama Protocol enables institutions to operate onchain confidentially using Fully Homomorphic Encryption (FHE).
How it works
Deposits work like any vault. Your position stays encrypted throughout.
Not a mixer. Funds are pooled into a single audited strategy per vault, and ownership is tracked through encrypted shares. Fund destination and ownership remain auditable at every step.
Confidential to the market. Verifiable to your auditor.
Encryption hides your position from the public. It doesn't hide it from you, or from anyone you choose to show.
Only you see your position
To everyone else, your entries are ciphertext. To you, they decrypt into a complete record of every deposit, share, and redemption.
Controls at every layer
Audited contracts, screened wallets, and monitored flows for every vault.
Disclose on your terms
Decrypt and share a provable view of your position with your auditor, board, or regulator whenever you need to.
Common questions
Contact
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