Zama Launches 16 Confidential Vaults on Morpho with Five Curators
Morpho (MORPHO)
Editor:
Eugene Serbin
Cvj.ai reports that Zama has expanded its confidential DeFi offerings by launching 16 vaults in partnership with Morpho and five curators: Steakhouse Financial, Armitage by Wintermute, Flowdesk, RockawayX, and Bitwise. This move introduces confidential access to USDC, USDT, WBTC, AUSD, and TGBP, aiming to attract institutional capital by addressing privacy concerns. The expansion builds on a June launch with Steakhouse that grew to $40 million TVL in seven weeks, proving the model at scale.
The new suite includes 12 Hybrid vaults offering confidential entry to existing strategies and 4 Exclusive vaults like the Wintermute Confidential WBTC. Zama also launched the Zama Swap Protocol, allowing confidential swaps between positions without exposing intent or size. Dr. Rand Hindi stated that the expansion proves confidentiality and DeFi are not mutually exclusive at scale.
Sébastien Derivaux of Steakhouse noted that depositors value confidentiality, making the extension to a five-vault suite a natural next step. Merlin Egalite of Morpho highlighted that this step scales confidential DeFi efficiently for allocators. Guilhem Chaumont of Flowdesk emphasized that confidentiality is a condition for onchain capital markets to carry institutional volume. The vaults are available via the Zama App, with additional entry points like Zerion Wallet rolling out soon.
How the market reacted
Whalio's own Binance spot order flow for MORPHO, measured when this story was written up on 17 September 2026. Not the outlet's figures.
Morpho (MORPHO) is trading at $2.11 with a 24-hour buy ratio of 61.1%, indicating sustained buying pressure over the day. Short-term activity shows a 1-hour buy ratio of 54.9% and a 4-hour ratio of 58.8%, suggesting that immediate buying intensity is slightly lower than the daily average but remains above neutral. The 24-hour volume delta is positive at +$606,120, while the 1-hour delta is +$17,903, showing that cumulative buying has outpaced selling significantly over the longer timeframe. This positive volume delta means that the total value of buy orders has exceeded sell orders, contributing to the net accumulation observed. The market has seen net buying for 23 of the last 24 hours, with a closing cumulative volume delta (CVD) of +$1,115,637. Spot volume for the period reached $2,736,068 across 35,656 trades.
The latest daily buy ratio of 49.0% sits at the 31st percentile of the last 324 days, against a median of 51.0% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for MORPHO, averaged over the days leading up to the story.
Over the preceding week, Morpho experienced net buying on all seven days, with a 7-day average buy ratio of 54.4%. Today’s 24-hour buy ratio of 61.1% is 6.7 percentage points higher than the weekly average, marking an unusual day of heightened buying interest. However, the 24-hour spot volume of $2,736,068 is only 0.90x the weekly average, indicating that while buying is more concentrated, the overall volume is slightly below typical levels. The total volume delta over the eight-day period stands at +$2,512,906, reflecting consistent accumulation despite the price dropping 8.8% over the same timeframe. This divergence suggests that buyers are absorbing supply even as the price declines.