Bitso has launched Bóvedas, an on-chain lending feature integrated directly into its app, enabling users to lend USDC and the peso-pegged stablecoin MXNB through Morpho vaults on Base. The product brings decentralized finance yield opportunities to Bitso's user base without requiring external wallets or protocols. Rates on Bóvedas vary based on market conditions. Bitso has cautioned that deposits in the vaults are not covered by deposit insurance, highlighting the inherent risks of on-chain lending products.