币界网报道：A new report by Artemis and Vaults highlights growing institutional interest in onchain yield, driven by the rise of "invisible DeFi" where protocols simplify complexity to expand access beyond crypto-natives. Vaults co-founder Ryan Rodenbaugh noted that DeFi is increasingly serving as backend infrastructure for mainstream finance, often without users realizing it. The report cites Coinbase's partnership with Morpho, which has facilitated over $300 million in loans, as a prime example of this trend. Leading lending platforms like Aave, Spark, and Morpho now hold over $50 billion in TVL, with USDC yields ranging from 4% to 9%, outperforming traditional benchmarks like Treasury bills. Crypto-native asset managers such as Gauntlet and Steakhouse Financial have also grown rapidly, with AUM surging from $1 billion to $4 billion since January. Permissioned markets by Euler, Morpho, and Aave are successfully catering to institutional demand, signaling DeFi's evolution into a complementary financial layer rather than a disruptive force. The authors emphasize that by abstracting complexity, platforms can integrate yield seamlessly into user experiences, boosting retention and capital efficiency.