Earning yield in onchain lending vaults has always come with an uncomfortable tradeoff. Your deposits, positions, movements and yield are public, all of it readable by anyone with a block explorer. This turns your strategy into a live intelligence feed for adversaries, eroding competitive advantage and opening you up to targeted attacks.

That ends today. Shielded Vaults are now live on AnomaPay, giving you access to Morpho's vault ecosystem while keeping your deposits, withdrawals, and holdings confidential.

About AnomaPay

AnomaPay is a private onchain hub built on the Anoma Distributed Operating System. It provides confidential payment rails, swaps, and yield opportunities using existing ERC-20 assets on existing blockchains. AnomaPay works by adding shielded infrastructure to public blockchains, using zero-knowledge cryptography to keep your balances, transfers, and counterparties confidential. 

The cost of earning in public

Depositing into a vault on a transparent chain means anyone can see how much you've committed, what you're earning, and exactly when you moved. That visibility carries three distinct risks:

You become a target. Wallets get linked to identities constantly through ENS names, NFT purchases, exchange withdrawals, or a single careless signature. Once that connection exists, your yield position tells phishing crews and social engineers precisely who's worth pursuing. In some parts of the world, the consequences run well past a suspicious email.

Your strategy leaks. Where you allocate reveals what you believe. A fund rotating between vaults broadcasts its risk thesis in real time, and competitors read those moves as they happen. Treasuries have it worse still. A DAO parking its reserves in a vault has just published its runway and where it's sitting.

Your exits get front-run. If your withdrawal is large enough to move available liquidity, others will position around it before you're finished. Size, once visible, becomes a liability.

None of this reflects a flaw in the vaults themselves. The yield mechanics work exactly as designed. The exposure is simply what happens when a ledger is readable by the entire world. For years, this has been accepted as the price of participation.

How Shielded Vaults on AnomaPay work

Everything happens inside AnomaPay's shielded transaction infrastructure. Your deposits, your yield, your withdrawals, and your vault holdings are all protected by zero-knowledge cryptography, which lets the system verify that the numbers add up without ever revealing who owns what.

You keep complete visibility into your own activity, laid out in your AnomaPay dashboard for your eyes only. Shielded Vaults are live on Ethereum mainnet today, with support for additional blockchains coming soon. 

How to get started

Putting funds to work in Shielded Vaults takes about a minute:

• Log into AnomaPay.
• Deposit funds into AnomaPay if you haven’t already.
• Open the Earn module.
• Browse and compare vaults. Each vault displays the numbers that matter (e.g. total deposits, available liquidity, and current APY) so you can weigh your options before committing. AnomaPay does not currently support additional vault rewards beyond the standard APY.
• Deposit into your chosen vault. Add funds straight from your shielded balance in a few clicks.
• Withdraw anytime. Pull funds back into your main AnomaPay shielded balance, where you can hold them, send them, or swap them without ever leaving the app.

Why Morpho

Morpho is one of the most trusted and thoroughly tested onchain credit network.

Morpho Vaults are curated. Deposits get allocated across lending markets by curators who set the parameters and risk profile for each vault, with all logic running onchain where anyone can verify it. The yield comes from interest paid by real borrowers, not from token emissions or short-lived incentive programs.

Pair that proven yield engine with AnomaPay's shielded pool and you get onchain yield with real confidentiality.

Morpho Vaults are noncustodial (you never give up control of your funds) and enforce strong security guarantees, but you should always evaluate vault curators to make sure they’re aligned with your own strategy and risk profile. As always, DYOR.

Get started

Shielded Vaults are live in AnomaPay now, starting with a few selected vaults and expanding to include additional vaults over time. Existing users will find the Earn module waiting in the app. If you're new, connect an EVM wallet or create an account with a passkey, deposit funds, and you'll have access in moments.

Head to anomapay.app and start earning confidentially.