Morpho Vaults has introduced a non-custodial Curator model aimed at improving yield generation and risk management. This new model allows Curators to build and manage Vaults, which are automated, overcollateralized lending portfolios. Users can deposit funds into these Vaults to earn yield, benefiting from operations driven by transparent smart contracts. Curators in this model earn fees with lower costs compared to traditional managers, providing a cost-effective solution for yield generation. Institutions have the ability to evaluate Curators based on their performance, transparency, and their ability to handle market conditions, offering a new level of insight and control in the management of digital assets.