Privy drops vault APIs turning idle app balances into DeFi yield via Morpho, with Aave and Kamino integrations on deck

Privy has launched new vault APIs that let applications automatically route users’ idle in-app wallet balances into yield-generating DeFi vaults, starting with support for Morpho vaults and planned integrations for Aave and Kamino next. Developers using Privy’s embedded wallet infrastructure can now call simple deposit/withdraw APIs to plug into ERC‑4626 tokenized vaults, rather than building direct protocol integrations or managing smart contracts themselves. According to Privy’s launch post, the product—surfaced in docs as Privy Earn—connects app balances to curated DeFi lending strategies so that users can earn yield while assets sit idle, and apps can optionally take a configurable share of the yield as revenue. The first live integration uses Morpho vaults, including strategies curated by Gauntlet and Steakhouse, with Morpho, Aave, and Kamino vaults available across supported chains on request through the Privy dashboard and API. This positions Privy as an “earn infra” layer for consumer and fintech apps: instead of just storing tokens, embedded wallets can become onchain savings accounts tapping into major DeFi money markets, while Privy abstracts protocol risk surfacing, vault operations, and onchain execution into a single interface. In practical terms, the release means that wallets and apps built on Privy can enable programmatic yield on idle balances in stablecoins or other supported assets, with real-time position tracking, fee wrappers for revenue sharing, and instant withdrawals handled via Privy’s infrastructure. The planned expansion to Aave and Kamino broadens coverage from EVM lending protocols (Morpho, Aave) to Solana-native yield (Kamino), aligning with a broader trend of embedded DeFi yield in wallets, neobanks, and financial apps seeking onchain returns without directly operating DeFi strategies themselves. "entities":["Privy","Privy Earn","Morpho","Morpho Vaults","Aave","Aave Labs","Kamino","Kamino Finance","Gauntlet","Steakhouse Financial","ERC-4626"]}`

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Earn on balances with Privy - Privy Blog (privy.io)
• Privy and Gauntlet Partner to Offer Embedded Onchain Yield in ... (gauntlet.xyz)
• Overview - Privy Docs (docs.privy.io)
• Morpho Vaults for Earn products (docs.morpho.org)
• Aave Labs Partner to Expand Institutional Access to ... - Blockdaemon (blockdaemon.com)

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• Vaults
• Yield
• Morpho
• API