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

Chorus One is taking stablecoin yield generation to a new level. The institutional staking provider has joined forces with Morpho and Steakhouse Financial to launch Chorus One Earn, a non-custodial stablecoin yield platform designed for institutional investors, DAOs, and on-chain treasuries. The new product gives investors the ability to earn competitive yields on idle USDC while keeping full custody of their assets, setting a fresh standard for risk-managed on-chain earning.

The launch unites three industry leaders with complementary strengths. Chorus One, known for operating institutional-grade staking infrastructure across more than 40 Proof-of-Stake networks, brings deep technical and security expertise. Morpho, the universal lending network with over $12 billion in deposits, powers lending at scale through its open architecture, and Steakhouse Financial, with more than $3 billion under curation, specializes in designing tailored stablecoin vault strategies for major DeFi protocols and institutional clients.

Together, they’ve built a system that blends institutional risk management with the efficiency of DeFi, offering both flexibility and control for on-chain asset managers.

A New Blueprint for Stablecoin Yield

Chorus One Earn is designed as a streamlined earning experience. Through a widget, dApp, or SDK, users can deposit USDC, choose from curated vaults with distinct risk/return profiles, and monitor performance through real-time rewards data on the Chorus One Rewards platform. Deposits and withdrawals happen directly through Chorus One’s interface, ensuring a non-custodial flow where investors always retain control of their funds.

At launch, the platform will offer two distinct vaults, both leveraging Morpho’s lending markets and actively managed by Steakhouse. The first one is Steakhouse Prime USDC, which focuses on conservative strategies, allocating funds exclusively to blue-chip collateral and applying extended governance timelocks to reduce volatility. It’s tailored for institutions that value predictable returns and stability.

The second one is Steakhouse High Yield USDC that targets more aggressive returns by allocating to emerging collateral types such as tokenized private credit and structured products. Shorter governance timelocks allow for agile market moves, but also introduce higher liquidity and structural risk, making it suitable for investors with a greater appetite for yield.

Damien Scanlon, Chief Product Officer at Chorus One, explained that the goal is to provide sophisticated yet transparent tools for stablecoin treasury management. He noted that by combining the strengths of Morpho’s infrastructure and Steakhouse’s curation, Chorus One Earn empowers investors to optimize their returns while maintaining control and visibility – every step of the way.

A Collaborative Approach

From its inception, Chorus One Earn was shaped around transparency, modularity, and risk discipline – three qualities that institutional investors increasingly demand as they allocate more to on-chain products. Steakhouse’s track record of designing stablecoin strategies for leading DeFi protocols like MakerDAO (now Sky), Lido, and Ethena adds additional credibility, while Morpho’s lending network ensures scalability and execution efficiency.