Morpho Blue · Arbitrum

GTUSDCP

Overview

The Morpho Blue GTUSDCP on Arbitrum is a single-asset lending position where suppliers earn variable interest on stablecoin deposits. The protocol generates yield by matching depositors with borrowers seeking USDC liquidity, and it settles the resulting interest spread back to lenders. Total APY stands at 3.33%, with no additional reward component. Over the past week, this rate has risen slightly by 0.20%, while over the last month, it has increased by 1.09%. This places the current yield above the 30-day mean of 4.03%. TVL currently sits at $1.77M with no reported change in the past week. The primary risk here is depeg risk on the underlying stablecoin USDC, given that this is a single-asset pool. This liquidity depth supports typical utilization rates for lending pools within the Morpho Blue protocol category.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 2.55%; 30-day mean is 3.17%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 79% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.