Research

MCHYPE (Morpho Blue)

Morpho Blue · Hyperliquid L1 · Lending

Obs · 28m ago

Total APY

1.35%

TVL

$1M

Observed risk

Moderate

Rate

Base: 1.35%
Incentive: 0.0%
Fee: n/a
Total: 1.35%

Base 1.3512% · Incentive 0.0000%

Liquidity

TVL: $1,041,156
7D change: +5.4%
30D change: +23.2%

Risk

Moderate observed risk·High evidence confidence

An emergency pause authority exists with broad scope.
Oracle appears to rely on a single manipulable source.

Risk methodology

Historical yield

Current: 1.35%
7D median: 3.11%
30D median: 4.38%
30D range: 2.95% to 20.4%
30D trend: -3.0%

Loading history

Loading 30-day APY history…

Where the yield comes from

The reported yield primarily comes from borrower interest paid into this lending market.

What can reduce the rate

Yield may fall if borrowing demand decreases or token incentives are reduced.

Risk detail

Yield.ly's risk assessment summarizes observable factors and data coverage. It is not an audit, credit rating, guarantee, or recommendation. Smart contracts, assets, protocols, custodians, and market conditions can fail in ways the model does not detect.

Watch

An emergency pause authority exists with broad scope.
Oracle appears to rely on a single manipulable source.

Strengths

Predominantly base yield rather than token incentives.
Thirty-day observation history available.
Verified protocol and market identity.

Risk dimensions

Principal risks

An emergency pause authority exists with broad scope.
Oracle appears to rely on a single manipulable source.

Exposure

Exposure type: Multi-asset position
Assets: KHYPE + KHYPE

User deposits KHYPE. User deposits KHYPE. Funds enter Morpho Blue on hyperliquid. Morpho Blue depends on Chainlink oracle. Contracts are upgradeable or governance-controlled. Exit via withdrawal from lending market.