Zama said it has expanded confidential access to 16 curated yield vaults on Morpho, using OpenZeppelin and Zama confidential contracts, though the announcement is so far corroborated only by the parties directly involved rather than independent reporting.
The privacy-focused project announced on September 15, 2026 that all 16 vaults are live through its app. The figure is the launch total for confidential access, not 16 vaults added on top of an existing 16. For related coverage, see CLARITY Act Fails to Advance in the Senate.
Key Takeaways
- Zama expands to 16 Morpho vaults with confidential access.
- The expansion is described as using OpenZeppelin confidential contracts.
- The expansion is described as using Zama confidential contracts.
The launch spans five curators, Steakhouse Financial, Armitage by Wintermute, Flowdesk, RockawayX, and Bitwise, according to Zama. The company lists 5 Steakhouse vaults, 6 Armitage vaults, 2 Flowdesk vaults, 2 RockawayX vaults, and 1 Bitwise vault. For related coverage, see CLARITY Act Senate Floor Test Needs 60 Votes to Advance.
16
Zama frames the launch as 4 net-new confidential-only products plus confidential access to 12 existing Morpho vaults, which together make up the 16-vault total. That distinction matters for readers weighing how much is genuinely new versus a privacy layer over vaults that already existed.
4 new + 12 existing
The vaults cover five underlying asset classes, USDC, USDT, WBTC, AUSD, and TGBP, alongside their confidential representations, Zama said. The company also said all 16 vaults and its Confidential Swap Protocol are live via its app, with additional access through Utila, Zerion Wallet, and Yield.xyz planned for the weeks after launch.
The expansion builds on a narrower starting point. Zama’s June 17, 2026 announcement scheduled its original Steakhouse confidential USDC vault to open for deposits on June 23, 2026, routing deposits into the underlying USDC Prime vault on Morpho. That product used Fully Homomorphic Encryption (FHE) to keep cUSDC amounts and balances encrypted onchain, according to Zama.
On the incentive side, Zama said Merkl deposits accrue rewards from launch, while claim functionality opens in the following weeks, and depositors authorize Merkl to decrypt balances for reward computation. Morpho co-founder Merlin Egalite said adding confidential vaults was an important step that would scale confidential DeFi without changing the strategy, the liquidity, or the risk profile.
OpenZeppelin and Zama confidential contracts in the expansion
The expansion is described as running on OpenZeppelin and Zama confidential contracts. OpenZeppelin, which has separately confirmed its role, said its contracts with Zama power the Morpho expansion across the 16 vaults, and that it built the onchain foundation and secured the newly deployed Confidential Swap protocol.
OpenZeppelin’s post does not itself specify an audit scope, contract addresses, or a security guarantee, and no audit report was available to establish those details. The claim that Confidential Swap was secured should be read as OpenZeppelin’s own statement rather than an independently verified finding.
OpenZeppelin x @Zama Confidential Contracts power Zama’s expansion on @Morpho, now across 16 vaults.
Proud to have built this onchain foundation and secured the newly deployed Confidential Swap protocol š https://t.co/i3iNGeE2sR
ā OpenZeppelin (@OpenZeppelin) September 15, 2026
Source: @OpenZeppelin on X
The available information does not specify the contract versions, the architecture, or which vault operations rely on these components. The mention of OpenZeppelin should not be read as an endorsement, a completed third-party audit, or a security guarantee beyond what the parties have stated.
What remains unconfirmed about the 16 vaults
The core claim rests on Zama and OpenZeppelin, both directly involved, and no independent secondary report was available at the time of writing. Readers assessing the announcement should treat it as confirmed by the parties rather than independently verified journalism.
Operational specifics beyond the curator and asset lists, including precise vault identifiers, deposit conditions, and the timing of wallet distribution, are not detailed in the material reviewed here; that does not mean they are absent from Zama’s own documentation. No figures for yields, total value locked, fees, or adoption were provided, and none should be inferred.
The announcement fits a wider institutional theme of onchain privacy, similar in spirit to how Hedera has pushed programmable transaction features and how Anchorage introduced native swaps on the Robinhood chain. As with recent shifts in Bitcoin ETF flows, the durability of the trend will depend on adoption data that is not yet available for these vaults.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
