Lending Vault
Morpho Labs (audited 20+ times).
Earn 4% on your
current account.
Same account, same card, same transfers.
Rewards paid daily. Here's how it actually works.
Investing in crypto-assets involves risks and may result in the loss of your capital. Before investing, make sure to consider your needs, your objectives, and your level of experience with crypto-assets. Rate as of 01/04/2026. Variable gross rate, applicable to Premium and Native clients. Access to decentralised finance services is not governed by Regulation (EU) 2023/1114 and is facilitated by Techblock Ltd.
The basics
Switch the feature on and your euro balance starts earning 4% per year, paid into your account every day. No minimum, no cap, no lock-up.
Spend, transfer or withdraw whenever you want, the yield keeps running on whatever stays in the account.
€,.
Where the yield comes from
The 4% isn't magic; it's paid by borrowers. Specifically, people who own Bitcoin and want euros without selling it (selling would mean losing their upside, and triggering tax).
Instead, they take out a loan: they lock up their Bitcoin as a guarantee and borrow euros against it. They pay a premium on that loan, which funds your 4%.
Your euros sit in a shared lending pool (called a vault) that connects depositors on one side and borrowers on the other. Deblock plugs you into it without you having to touch any of the underlying machinery.
How does it work?
Every borrower has to put up more Bitcoin than they borrow. A typical loan looks like this:
If the value of their Bitcoin falls toward the loan amount, the system automatically sells the collateral to repay the loan in full, before there's any risk to the lenders. Depositors get paid back even if the borrower never lifts a finger.
In short
Your euros are always backed by something worth more than the loan itself, and the safety net triggers automatically.
Why the rate is exactly 4%
(and stays there)
The raw yield from the vault moves around, it's currently about 4.05%, but it fluctuates with supply and demand. Most users don't want a rate that wobbles, so Deblock smooths it:
Above 4%
The surplus goes into a reserve fund.
Below 4%
Deblock tops it up from that reserve.
Reserve dry
Deblock covers the gap from its own treasury.
You see a flat 4%, every day, regardless of what's happening underneath.
The pieces involved
Currency Held
EURCV - a stablecoin issued by Société Générale Forge.
Collateral Accepted
Bitcoin only.
Rate Smoothing
Deblock reserve + treasury.
You don't need to know any of this to use it. It's just here if you want to look under the hood.
Frequently asked questions
Is there a minimum or maximum balance?
Neither. The same 4% applies to every euro in the account.
Can I still spend and transfer normally?
Yes. Visa card and instant SEPA transfers work exactly as before.
Can I opt out?
Anytime, in one tap. Your euros will be then safeguarded.
What's the actual risk?
Loans are over-collateralised in Bitcoin and liquidated automatically if the collateral drops. The model is designed so depositors are made whole even in stressed conditions - but no yield product is entirely risk-free, and the full terms spell out the edge cases (i.e. hack of your account).