Morpho Blue · Base

CBETH

Overview

The Morpho Blue CBETH pool on Base is a single-asset lending position where suppliers earn variable interest on deposits of Convex staked ETH (cbETH). This protocol generates yield by routing borrowing demand against pooled cbETH liquidity and distributing the resulting interest spread to lenders. Total APY stands at 0%, with no reward component. The 7-day and 30-day trend data are unavailable, leaving the current rate without comparative context. TVL is $717K; primary exposure is smart-contract risk due to the protocol's reliance on automated market-making mechanisms for interest calculation and distribution. This pool offers liquidity depth typical for lending arrangements within its asset class.

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.

• Yield variability

  Yields can change as TVL and incentive emissions change. The current APY is not a guarantee.

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