Aragon Enables Trustless Governance for Morpho Vaults

πŸ”“ Unstoppable Vaults...

By Aragon
Apr 11, 2024, 6:04 PM
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Aragon has announced that key web3 infrastructure must be underpinned by decentralized governance to be truly unstoppable.​ A proposal has been made for all Morpho vaults to move to a trustless setup.​ Aragon is encouraging users to delegate their votes in the App.​ Recent developments include the launch of the first vaults with trustless on-chain governance on Morpho, facilitated by Aragon in collaboration with Steakhouse Finance.​ Steakhouse's USDC vault has integrated Aragon's stack for their timelock, moving to a fully on-chain and trustless setup with Aragon DAOs, giving Morpho depositors control over their vaults via veto rights.​ Aragon highlights Steakhouse's setup as the most secure and trustless vaults on Morpho, with the fastest time to activate guardians, the longest timelock, no trusted intermediaries, one UI for governance, and fully transparent actions.​

Sources

The first vaults with trustless onchain governance on @MorphoLabs are now live! Thanks @SteakhouseFi for leading this with us at @AragonProject, more to come!

Morpho πŸ¦‹
Morpho πŸ¦‹
@Morpho

.@SteakhouseFi has launched the first WBTC vault on Morpho Blue! The vault is designed to generate yield on WBTC through overcollateralized lending. This is the fourth vault curated by Steakhouse, sitting alongside their USDC, PYUSD, and USDT vaults.

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Steakhouse's USDC vault is now integrating @AragonProject's stack for their timelock! So excited to see innovation happening at the metamorpho level.

Steakhouse Financial
Steakhouse Financial
@SteakhouseFi

Steakhouse MetaMorpho trustlessness has been achieved internally with @AragonProject We already lead the curated vaults with a 7-day timelock Now we want to iterate by removing trusted intermediaries from the guardian @MorphoLabs lenders should always be in control

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By using @AragonProject, @SteakhouseFi now have the most secure & trustless vaults on @MorphoLabs with the fastest time to activate guardians, the longest timelock, 0 trusted intermediaries, 1 UI for governance, & fully transparent actions. Onchain governance winning. πŸ†

Steakhouse Financial
Steakhouse Financial
@SteakhouseFi

Steakhouse MetaMorpho trustlessness has been achieved internally with @AragonProject We already lead the curated vaults with a 7-day timelock Now we want to iterate by removing trusted intermediaries from the guardian @MorphoLabs lenders should always be in control

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