MXN / lending deposit

Morpho MXNB-denominated lending markets and vaults (with Bitso/Juno)

issued by Morpho (protocol); MXNB issued by Juno, a Bitso company; vaults curated by Gauntlet. verified

not published

published yield

n/d

size

permissionless

can you hold it

The terms

Issuer: Morpho (protocol); MXNB issued by Juno, a Bitso company; vaults curated by Gauntlet
Jurisdiction: Juno/Bitso: Mexico (Bitso is a Mexican-founded, CNBV-supervised group). Morpho: permissionless protocol, no jurisdiction.
Chains: Arbitrum, Base
Contracts: No contract address could be established from public sources. That is a disclosure gap on the issuer, and it is recorded as one.
Yield basis: Variable, utilisation-driven supply APY on MXNB deposits in Morpho markets/vaults. Rate not published in any source I could read; the Morpho app front-end did not render vault data to WebFetch and I could not reach the Morpho API. source
Size: Not disclosed on any source we could read. source
Minimum: None (permissionless protocol deposit).
Who may hold it: Permissionless at the protocol level; acquiring MXNB itself goes through Juno/Bitso KYC or a DEX. source
Redemption: Withdraw MXNB from the Morpho market/vault subject to available liquidity; MXNB redeems 1:1 for MXN through Juno/Bitso banking rails. source
Cost to enter: Gas plus vault performance fee (fee level not published in sources I read).
Transferability: Freely transferable. No allowlist at the token level.
Secondary liquidity: MXNB total on-chain market cap across all chains was $1,860,143 per RWA.xyz (Arbitrum 24.9M tokens, Avalanche 5.1M, Ethereum 1.5M, Polygon 853K), which is a hard ceiling on how large these markets can be. Morpho's own newsletter confirms markets and vaults exist but gives no TVL.

What we think you should know

This is the only MXN-denominated on-chain lending deposit I could verify. Morpho's own June 2026 newsletter states 'MXNB-denominated markets and vaults are now available on Morpho, curated by Gauntlet'. CryptoBriefing dates the launch 2026-06-16, places it on Arbitrum and Base, and describes an 86% LLTV with oracle integration and MXNB/USDC cross-currency pairing. I could NOT verify any market or vault contract address, APY, or TVL, deliberately left null rather than estimated. Note the chain discrepancy: Morpho markets are said to be on Arbitrum and Base, but RWA.xyz does not list Base among MXNB's deployed chains; I could not resolve this.

Sources

Other MXN instruments

Instrument	Ccy	Type	Yield	Size	Access	Confidence
Etherfuse CETES Stablebond (tokenized Mexican Certificados de la Tesorería) CETES	MXN	tokenized government debt	5.54%	$5.39M	permissionless	verified