🟥 Big news: @SocieteGenerale enters DeFi In the coming days, it will be possible to deposit euro stablecoin (EURCV) in a @MorphoLabs vault to generate yield This is the first time that the crypto subsidiary of the French bank (SG-FORGE) makes it possible to use its stablecoin in a DeFi infrastructure (built on Ethereum) Let me quickly explain how it works This "vault" is a storage available on the Morpho protocol, managed by the asset manager @MEVCapital 👉 Objective: optimize yields in euro The deposited EURCV is lent to generate interest. The idea is to provide a yield alternative for those holding euro stablecoins. The level of yield is not yet known (but we will know very soon). 👉 Counterparties (accepted collateral) On the other side, borrowers who want to obtain these EURCV must provide guarantees, meaning assets approved by the stakeholders. In this case: -BTC (bitcoin) - wstETH (staked ether) - EUTBL: European Treasury bonds tokenized by the startup @Spiko_finance To summarize: this vault serves to lend EURCV to borrowers who leave Bitcoin, staked Ether, or tokenized real assets as collateral. The investor who provides EURCV earns a yield (in euro), while the borrower accesses euro liquidity without selling their assets This system is a milestone as it's the first time a Tier 1 bank has gone this far in the direct use of DeFi Admittedly, SG's deposit is "only" 5 million euros, but it heralds an important paradigm shift We'll tell you more about it soon on @TheBigWhale_ Vault adress : Thanks @DocMarmott for the find !