The interest rate on Vaults isn't set by Bitso. It's set by the market, based on lending demand within the Morpho protocol, so it can go up or down over time. The USDC rate currently varies roughly between 4% and 8% annually and the MXNB rate is targeted at up to 8%. The rate shown in the app is always the current rate, updated in real time.

MORPHO rewards

Besides the yield your USDC or MXNB earns, Vaults may distribute MORPHO tokens as an additional reward. Claim these tokens directly on your Vaults detail page. They're sent straight to your Bitso account. Like the yield itself, MORPHO rewards are variable and aren't guaranteed.

Tax on your earnings

You're responsible for reporting and paying any tax on your Vaults yield and on any MORPHO rewards you claim. Bitso doesn't provide tax advice. If you have questions about the tax treatment that applies to your situation, we recommend speaking with a qualified professional.