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 collateralized by the STEAK token. This protocol generates yield through borrowing demand against pooled STEAKETH liquidity and distributes earnings to lenders. Total APY stands at 1.92%, with no additional reward component. Over the past seven days, the rate has risen by 0.50% but over the last thirty days it has declined by 7.28%, placing the current rate below the 30-day mean of 3.24%. TVL is $1.33M with no reported change in the past week; primary exposure comes from smart-contract risk due to the nature of the lending protocol. This pool's liquidity depth supports typical borrowing and lending activities within its 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

  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 63% confidence based on historical patterns.

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