Safe integrates Morpho to provide institution-grade yields for DAOs, treasuries and onchain organizations

Safe {Wallet} has become the backbone of institutional crypto custody. Powering over $60B in assets, it is the default treasury solution for DAOs, enterprises, and Web3 teams worldwide. Yet for all its sophistication, most treasuries used Safe as a vault, not a vehicle. Assets—often millions of dollars in stablecoins or blue-chip tokens—sat dormant, protected but not productive.

The missed opportunity was staggering. A treasury with $10M in USDC sitting idle could forgo half a million dollars in yield in just six months. But activating that capital wasn’t simple: moving funds into DeFi strategies required leaving Safe’s secure environment, navigating unfamiliar protocols, and sometimes adjusting governance workflows or signer policies.

Treasury managers faced a dilemma. They wanted yield, but not at the expense of transparency, governance, or security. Safe needed a way to offer trusted, self-custodial access to onchain yield that was as seamless as holding assets in its vault.

Rather than sending treasuries elsewhere, Safe chose to bring yield into the wallet itself. The answer was an embedded Earn tab, designed to sit natively within the Safe interface. Under the hood, Morpho Vaults are integrated via Kiln to provide access to yield curated by Gauntlet and Steakhouse.

For users, the experience is dead simple: from the same Safe dashboard where they approve payroll, manage multisig signers, or execute token swaps, treasury managers can now route idle assets into Morpho-powered vaults with just one transaction. There are no bridging, no third-party UIs, and no need to compromise existing governance setups.

Under the hood, deposits flow into curated vaults that allocate to Morpho’s decentralized lending markets. Strategies are transparent and auditable in real time: managers can see yields, risk parameters, and liquidity at a glance, without needing spreadsheets or external dashboards. Most importantly, the assets never leave Safe. Control, custody, and compliance rules remain fully intact, aligning yield generation with the security standards Safe users expect.

This integration helps Safe transition from being “just a multisig wallet” into a financial operating system—a place where treasuries don’t only safeguard capital but also put it to work.

Within weeks of launch, treasuries allocated millions in idle stablecoins through the Earn tab.

For organizations, governance meetings shifted from debating fund deployment to simply approving a Safe transaction. Yield now exists in the same flow as other treasury operations. For Safe, this integration elevated the platform beyond a custody layer—it became a comprehensive hub for onchain activities, increasing its strategic value to DAOs and enterprises.

The benefits extended past convenience. By embedding Morpho, Safe helped treasuries recapture lost opportunities, turning idle balances into productive capital while strengthening its reputation as the safest, most innovative platform for institutional crypto management.

Safe resolved the longstanding treasury dilemma between yield and security. With Morpho, users no longer face this tradeoff. They now enjoy both benefits within the same trusted interface that safeguards their most valuable assets.