The cbBTC Core Vault will whitelist a range of liquid collateral markets and continuously optimize risk-adjusted yield across those markets. This vault targets a higher risk level than Gauntlet's Prime Vaults. Morpho Vaults are curated lending vaults that can allocate deposits to any number of Morpho Markets. Each vault is customizable and has a different risk profile. Curators are independent, third-party risk experts who use their expertise to offer various Morpho Vaults.