ShapeShift, a non-custodial, multichain platform for digital assets with millions of users across its open-source ecosystem, announced the launch of ShapeShift Earn, a fully integrated yield experience powered by Yield.xyz. The launch includes native access to Morpho Vaults deployed on Katana. Morpho is one of DeFi's most trusted lending protocols with billions of dollars in deposited capital. The integration gives ShapeShift users the ability to deploy capital into curated, high-quality lending positions on Katana, directly within the ShapeShift interface.
ShapeShift Earn represents a new standard for how consumer crypto platforms should approach yield. Rather than building and maintaining individual protocol integrations, a process that typically requires months of engineering work and ongoing maintenance across each new yield opportunity, ShapeShift integrated the Yield.xyz API and instantly unlocked access to staking, lending, and DeFi yield opportunities spanning multiple networks. Morpho Vaults on Katana are among the first available at launch, bringing ShapeShift's broad user base direct access to one of the most battle-tested lending protocols in DeFi.
"Yield.xyz exists to make onchain yield accessible to everyone, and partnerships like this one show what that means in practice. ShapeShift users can now earn yield on some of the best lending markets in DeFi, directly from an interface they already trust, without any of the complexity that has historically made that difficult,” said Serafin Lion Engel, co-founder at Yield.xyz
The announcement brings together three distinct pieces of DeFi infrastructure: Katana as the yield-optimized network layer, Morpho as the lending protocol, and Yield.xyz as the API that makes onchain yields accessible to ShapeShift users through a single integration.
Yield.xyz Integration
Onchain yield is fragmented. Opportunities exist across hundreds of protocols, dozens of networks, and thousands of individual markets, each with its own integration requirements, smart contract interfaces, and risk profiles. For a platform like ShapeShift, building direct integrations with each protocol is not a sustainable path. The engineering cost is high, the maintenance burden is ongoing, and coverage will always lag behind the pace of DeFi.
Yield.xyz was built to solve this problem at the infrastructure level. By abstracting yield discovery, routing, and execution into a single API, Yield.xyz allows any platform to offer comprehensive yield access without protocol-by-protocol integration work. The API covers over 2,800 yield opportunities across more than 80 networks, including staking, lending, liquidity provision, and vault strategies. Built-in support for auto-compounding, reward conversion, and secure transaction verification means platforms can launch production-grade yield products with minimal overhead.
How It Works
When ShapeShift users access the Earn section of the platform, Yield.xyz surfaces available opportunities in real time, handles yield routing, and manages the underlying complexity of cross-protocol interactions. Morpho's lending architecture sits on top of that foundation, enabling access to permissionless, immutable lending vaults with transparent risk parameters and competitive rates driven by supply and demand.
"ShapeShift has always believed users deserve access to the best DeFi opportunities without giving up control of their assets. Integrating Yield.xyz gave us a path to launch a complete yield product without rebuilding infrastructure from scratch. Morpho Vaults on Katana are a natural fit for our users: transparent, non-custodial, and built on a network specifically designed for yield. ShapeShift Earn is what we think accessing the frontier of DeFi should look and feel like," said Tim Black, product lead at ShapeShift.
Why Morpho on Katana
Katana's architecture is designed to attract and retain liquidity by directing protocol revenue back to the network, creating a compounding yield environment that benefits its users. Deploying Morpho Vaults on Katana concentrates that yield-generating potential into one of DeFi's most trusted lending frameworks.
“Morpho Vaults were built to be integrable with any application. Through them, we're excited to support Yield.xyz in bringing that infrastructure to an entirely new universe of developers, making it simple for any app to connect their users' balances to onchain lending markets and put idle capital to work at scale,” said Paul Frambot, CEO and co-founder of Morpho.
Morpho's market structure is permissionless and immutable. Curators define vault parameters, and the protocol enforces them without upgradeable contracts or custody risk. For ShapeShift users accessing yield through Earn, Morpho Vaults on Katana offer a combination of competitive rates, transparent mechanics, and a security model that has been validated by billions of dollars in deposited capital across the broader Morpho ecosystem.
"Katana was built to be the best place in DeFi to earn, and that means making quality yield accessible without friction. ShapeShift Earn, powered by Yield.xyz, is a strong example of what that looks like in practice. It connects Katana's yield-optimized infrastructure to ShapeShift through an API layer that makes the whole experience seamless for end users," said Matthew Fisher, CEO of Katana.
The decision to launch ShapeShift Earn with Morpho on Katana reflects a deliberate choice to lead with quality infrastructure at every layer of the stack. Yield.xyz's API makes it possible to surface any yield opportunity across any network; the teams chose to lead with a combination that delivers on both yield and credibility.
About Yield.xyz
Yield.xyz is the unified onchain yield infrastructure layer for Web3, enabling developers to integrate once and access over 2,800 yield opportunities across more than 80 networks spanning staking, lending, and liquidity provision strategies. Trusted by leading wallets and financial platforms including Ledger, DeBlock, Utila, Tuyo, Crossmint, Turnkey, Tangem, and Zerion, Yield.xyz powers production-grade yield products with built-in support for auto-compounding, reward conversion, and secure transaction verification. Yield.xyz abstracts complex strategy engineering into simple API calls and enables teams to launch scalable yield products with minimal overhead while unlocking new revenue streams through fee-customizable vaults. To learn more, visit yield.xyz.
About ShapeShift
ShapeShift is a non-custodial, multichain platform for digital assets. Community-owned and operated by the ShapeShift DAO, ShapeShift gives users self-sovereign access to crypto assets across multiple blockchain networks. Learn more at shapeshift.com.
About Morpho
Morpho is the universal lending network with over $10 billion in deposits. Businesses can connect to Morpho's open infrastructure to power any lending or borrowing use case at scale, including embedded crypto-backed loans and custom yield solutions. To learn more, visit morpho.org.
About Katana
Katana is a purpose-built DeFi blockchain focused on turning real network fees into deep liquidity and sustainable yield. It aligns core DeFi apps, users, and the network through a shared economic engine that recycles chain-generated fees back into the ecosystem. The Katana App serves as a unified entry point, while Vault Bridge helps make bridged assets productive and Chain-Owned Liquidity supports lasting depth in key markets. Together, these components aim to deliver a more efficient DeFi experience with less fragmented liquidity and more durable incentives. Learn more at app.katana.network.
Media Contact
Apurv Mishra
apurv@yield.xyz
