Morpho Blue · Base

LBTC

Overview

The Morpho Blue LBTC pool on Base is a single-asset lending position where suppliers earn variable interest on Bitcoin-backed token deposits. The protocol generates yield by routing borrowing demand against pooled LBTC liquidity and pays suppliers from the resulting interest spread. Total APY stands at 0%, with no reward component, and there is no trend data available for either the 7-day or 30-day periods since both `apy_pct_7d` and `apy_pct_30d` are null. The current rate aligns with the 30-day mean of 0%. TVL currently sits at $635,995 with no multi-asset risk exposure as it is a single-asset pool without impermanent loss concerns. This liquidity depth supports borrowing demand within the protocol's lending 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.

• 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.