To activate Vaults, you need a USDC or MXNB balance in your Bitso account. If you don't have either yet, buy or deposit one of these assets first.

Once you accept the terms and conditions, a non-custodial (embedded) wallet, under your name, gets created the first time you activate Vaults. After that, every USDC or MXNB you move into Vaults transfers into this wallet, without any recovery phrases or technical setup on your end. From there, your balance starts generating yield through Morpho.