Morpho Blue · Base

STEAKETH

Overview

The Morpho Blue STEAKETH pool on Base is a single-asset lending position where suppliers earn variable interest on ETH staked through the Steakhouse protocol, generating yield from borrowed funds against pooled assets. The total APY stands at 2.01%, with no additional reward component. Over the past week, the rate has increased by 0.60% but over the last month it has dropped by 7.66%, placing the current rate below the 30-day mean of 3.20%. TVL in this pool is $780K with no reported change over the past week; primary exposure comes from smart-contract risk due to the protocol's reliance on automated market-making for liquidity management. This lending pool operates without impermanent loss concerns, focusing instead on the stability and performance of its underlying asset, STEAKETH.

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

  Current APY is 1.48%; 30-day mean is 1.47%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 60% confidence based on historical patterns.

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