MorphL2 Vault Deprecation Guide
Concrete is deprecating all vaults built on the Morph Layer 2 network as part of a long-term platform consolidation and upgrade strategy.
If you deposited into any MorphL2 vault, we recommend redeeming your funds promptly. These vaults are being deprecated and will soon be removed from the app. While a recovery option will remain available after deactivation (as a backup option), withdrawing early ensures you keep full control of your assets and helps reduce delays.
Summary for Depositors
- MorphL2 vaults are being removed from the app
- Your funds are safe and still withdrawable
- Rewards already earned will remain claimable
- Withdraw early through the app before October 1st, 2025. After that date, any remaining assets will move to a recovery vault and will still be redeemable.
What’s Changing?
All vaults built on the Morph Layer 2 network will be deprecated. These vaults will:
- Stop accepting deposits
- Immediate withdrawals will remain fully available through the app until October 1st, 2025.
- Enter a long-term withdrawal-only mode via the Recovery Vault system
Affected Vaults:
- Morph BGB — Deposit: BGB
- Morph AUSD — Deposit: AUSD
- Morph Ethena — Deposit: USDe, sUSDe
- Morph Majors — Deposit: USDC, WETH, USDT, WBTC
- Morph weETH — Deposit: weETH
All MorphL2 vaults will be deactivated on October 1st, 2025. From that date, any remaining funds will be stored in the Recovery Vault, where users can claim them through a manual support process. We recommend withdrawing your funds before deactivation.
Are My Funds Safe?
Yes. Your deposited assets and yield are secure in smart contracts. You’ll be able to withdraw them using:
- The Concrete Earn app (until vaults are removed)
- A manual support process (for users returning after vaults have been removed from the UI)
What You Need to Do
Withdraw Now
If the vault is still active in the app:
- Visit Concrete App
- Go to the Portfolio tab
- Select your MorphL2 vault position
- Click Withdraw and follow the wallet prompt
Key Dates
| Event | Timing |
|---|---|
| Vault deactivation begins | July 14, 2025 (announcement via an info box on the Withdrawal tab of each vault page & Discord) |
| Withdrawals open for affected MorphL2 vaults | July 07, 2025 |
| Vault deactivation | October 1, 2025 |
| Recovery Vault claim deadline | October 1, 2026 (one year after deactivation) |
What About Points?
If you deposited into MorphL2 vaults, you may have earned Morph Points as part of two official campaigns run by Morph:
1. DeFi Rewards Campaign
- Duration: January 26 – April 28, 2025
- Details: Users earned daily Morph Points based on their vault deposits with Concrete
- Announcement: Introducing Pilot DeFi Rewards
2. 7x Points Multiplier Campaign
- Duration: February 24 – March 3, 2025
- Details: Users received a 7x multiplier on Morph Points for 7 days during this launch-phase campaign
- Announcement: DeFi Frenzy: 7x Launch Multiplier
How to Check Your Points
All eligible points were automatically assigned based on your vault activity — no manual action is required. You can view your balance here:
Morph Points are administered by the Morph team, not by Concrete. If you have questions or believe your points are missing, please reach out to Morph support through their official channels.
Need Help?
We're here for you:
- Ask questions in the Concrete Discord
- Or email us: support@blueprintfinance.com
Our team will walk you through whatever recovery path you need.