Chorus One, Morpho & Steakhouse Unveil Risk-Managed Stablecoin Yield Platform for Institutional Investors

Chorus One, in collaboration with Morpho and Steakhouse Financial, has launched a non-custodial stablecoin yield platform called Chorus One Earn. This innovative platform enables institutional investors, DAOs, and on-chain treasuries to earn attractive yields on idle USDC. By allowing users to maintain full control of their assets while employing a fresh approach to risk management, this development sets a new benchmark in stablecoin yield generation.

Key Takeaways

Chorus One Earn is a new stablecoin yield platform designed for institutional investors.
The platform allows for earning yields on idle USDC while ensuring complete asset custody.
It offers two types of vaults: Steakhouse Prime USDC for conservative strategies and Steakhouse High Yield USDC for higher-risk, aggressive returns.
The collaboration emphasizes transparency, modularity, and risk discipline to meet the needs of institutional investors.

Introducing a New Standard in Stablecoin Yield

Chorus One is elevating the yield generation capabilities for stablecoins with its latest offering. In partnership with Morpho and Steakhouse Financial, Chorus One has launched Chorus One Earn, a non-custodial stablecoin yield platform aimed specifically at institutional investors, DAOs, and on-chain treasuries. This new platform enables users to earn competitive yields on idle USDC while retaining full custody of their assets, thus establishing a new standard for risk-managed earning in the crypto space.

This launch brings together three leaders in the industry who possess complementary strengths. Chorus One is recognized for its robust institutional-grade staking infrastructure that operates across more than 40 Proof-of-Stake networks, contributing deep technical and security expertise. Morpho, which operates a universal lending network with over $12 billion in deposits, excels at large-scale lending through its innovative architecture. Meanwhile, Steakhouse Financial, curating more than $3 billion, specializes in developing custom stablecoin vault strategies for major DeFi protocols and institutional clients.

The collaboration between these three firms results in a platform that combines institutional risk management with the efficient benefits of DeFi. This synergy provides asset managers with both flexibility and control in their on-chain ventures.

Streamlined Earning Experience

Chorus One Earn simplifies the earning process. Users can deposit USDC using a widget, dApp, or SDK, select from curated vaults with different risk/return profiles, and track their performance via real-time rewards data available on the Chorus One Rewards platform. Both deposits and withdrawals occur directly through Chorus One’s interface, ensuring a non-custodial flow that allows investors to consistently control their funds.

At its launch, Chorus One Earn will feature two tailored vaults, both leveraging Morpho's lending markets and actively managed by Steakhouse Financial. The first vault, Steakhouse Prime USDC, employs conservative strategies by allocating funds solely to blue-chip collateral and implementing extended governance timelocks to mitigate volatility. This vault caters to institutions that prioritize steady returns and stability.

On the other hand, Steakhouse High Yield USDC aims for more aggressive returns by investing in evolving collateral types, such as tokenized private credit and structured products. With shorter governance timelocks, this option allows for rapid market movements but comes with increased liquidity and structural risks—ideal for investors seeking higher yields.

Damien Scanlon, Chief Product Officer at Chorus One, shared that the goal is to offer sophisticated yet transparent tools for efficient stablecoin treasury management. He emphasized that combining the strengths of Morpho’s infrastructure with Steakhouse’s expertise in vault curation empowers investors to maximize their returns while keeping full control and transparency throughout the entire process.

A Commitment to Collaboration

From the outset, Chorus One Earn has been crafted with a focus on transparency, modularity, and a disciplined approach to risk—qualities that institutional investors are increasingly seeking as they invest more in on-chain products. Steakhouse’s proven history of designing stablecoin strategies for prominent DeFi protocols like MakerDAO (now Sky), Lido, and Ethena adds credibility to the platform, while Morpho’s robust lending network guarantees scalability and efficient execution.