We are thrilled to announce a groundbreaking milestone in decentralized finance: the launch of borrowing and lending markets on Morpho featuring VNX Swiss Franc (VCHF) markets on Base, a secure, fast and low cost Ethereum L2 incubating at Coinbase that serves as a 24/7 global payment rail. This innovation establishes pioneering liquidity and trading opportunities for VNX Swiss Franc, expanding DeFi's reach into new fiat territories.
The debut offering includes vaults initially available for VNX Swiss Franc (VCHF) with plans to introduce vaults featuring the full suite of VNX assets (VEUR, VGBP, VNXAU) soon after. These markets will create a seamless bridge for users to borrow and lend using VNX’s fiat-referenced tokens, unlocking a new level of liquidity and financial inclusion.
Unlocking New DeFi Horizons with Apostro, Morpho, and VNX
Apostro, the leading curator of money market vaults on Morpho, Euler, and Silo with over $70 million in TVL and an impeccable safety record, is spearheading the vault management on Base. Apostro’s collaboration with VNX ensures diligent risk analysis, continuous monitoring, and parametric risk management to provide a robust, reliable borrowing and lending ecosystem.
Apostro VCHF (apVCHF) vault:
cbBTC/VCHF
cbETH/VCHF
WETH/VCHF
Each vault is rigorously configured to optimize lending parameters and safeguard liquidity providers and borrowers alike.
“We are excited to expand our vaults with VNX assets on Base. Unlocking liquidity for fast-growing non-usd assets is a priority, and VNX’s broad fiat options make them an ideal partner,” said Tim Ismiliaev, CEO of Apostro.
“If token brings money onchain, Morpho makes money productive. VCHF can now be lent out for yield or borrowed as a loan asset on Morpho, noncustodial and fully transparent,” added Alexandra Kugusha, BD Lead of Morpho.
Alexander Tkachenko, CEO of VNX, emphasizes the significance of this launch:
“This collaboration with Morpho marks a landmark moment as we launch the very first lending and borrowing markets for VNX fiat-referenced tokens — a groundbreaking new use case for our community. Integrating with one of the most innovative decentralized lending protocols opens powerful financial opportunities for our users. Apostro’s exceptional expertise in curating and managing these vaults ensures a safe, efficient, and trusted liquidity environment, providing VNX holders with a seamless and secure way to access credit onchain”.
Key Benefits and Use cases for DeFi Participants:
The vaults and markets can be utilized by both institutional players and private investors.
First-ever VCHF borrowing and lending markets: Unlock unprecedented access to Swiss Franc liquidity on-chain.
Native investment opportunity for holders of VCHF with higher returns compared to banks.
Opportunity to borrow Swiss Franc – Interest rate lower than the US dollar – Beneficial for those who need the Swiss Franc
Reliable and diverse collateral options: Vaults support diverse tokens such as WETH, BTC, and ETH.
Robust risk management: Continuous monitoring and adjustments by Apostro ensure system health and protect against market volatility.
Expansion roadmap: Initial VCHF vault will be followed by full-set vaults incorporating all VNX assets, broadening financial possibilities.
This launch is a major milestone specifically for VCHF holders who have long awaited lending and borrowing markets. It unlocks a unique opportunity to not only enjoy the unparalleled stability of the Swiss franc but also to earn yield on it. For these users, the incomparable steadiness of the franc now becomes a productive asset, opening new avenues for income generation within DeFi.
