Research
Morpho Blue · Base · Lending
Obs · 34m agoTotal APY
0.29%TVL
$1.4MObserved risk
ModerateBase 0.1578% · Incentive 0.1351%
46% of current APY comes from token incentives.
Reward assets: REWARD
TVL has fallen 42% over the last 30 days where reported.
Moderate observed risk·High evidence confidence
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The reported yield primarily comes from borrower interest paid into this lending market. Separately reported token incentives account for 0.14 percentage points of the current APY.
Yield may fall if borrowing demand decreases or token incentives are reduced.
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.
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Strengths
User deposits CBBTC. Funds enter Morpho Blue on base. Morpho Blue depends on Chainlink oracle. Contracts are upgradeable or governance-controlled. cbBTC introduces Coinbase custodian exposure. Exit via withdrawal from lending market.
Flexible withdrawal is typical for lending markets unless a lockup is reported.
Some product terms are currently incomplete.
Meets Yield.ly's current requirements for default discovery where qualified. Learn how qualification works
Rate below recent history
The current APY is materially below its recent median based on observed history.
Incentive-heavy yield
A large share of this rate comes from token incentives, which can change quickly and may depend on the reward token market value.
0.2929% · Morpho Blue · Base. Not investment advice.
