Morpho Blue · Base
STEAKUSDC
Current APY
3.72%
base 3.47% · reward 0.25%
TVL
$294.92M
APY -0.44% 7d
Risk signals
Overview
Morpho Blue STEAKUSDC on Base is a stablecoin lending pool where users provide liquidity for STEAK and USDC trading pairs.
The pool currently offers a total APY of 3.72 percent, composed of 3.47 percent base yield and 0.25 percent in rewards. Over the past seven days, APY has declined 44.17 percent, while the 30-day change shows a 15.1 percent decrease from the 30-day mean of 4.21 percent. This downward trend reflects recent yield compression across the pair.
The pool holds approximately 294.9 million dollars in total value locked. Depeg risk exists given the stablecoin nature of the pool, as STEAK or USDC price movements relative to their pegs could create losses for liquidity providers. The predicted market direction leans toward stability or upside with 57 percent probability.
Generated 2026-05-18 from the structured pool data on this page. No external claims, no hand-edited text. See methodology.
No history data yet.
No history data yet.
Risk profile
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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.
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Depeg risk
The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.
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Yield variability
Current APY is 3.72%; 30-day mean is 4.21%. Yields can change as TVL and incentive emissions change.
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DefiLlama yield prediction
DefiLlama's model classifies this pool's yield as "Stable/Up" with 57% confidence based on historical patterns.
These notes are derived from the pool's structured data, not editorial advice. See our methodology.
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FAQ
› What is the current APY for Morpho Blue STEAKUSDC on Base?
The current total APY is 3.72%. Base yield: 3.47%. Reward yield: 0.25%.
› What is the TVL of this pool?
Total value locked is $294.92M as of the last data refresh.
› Is there impermanent loss risk?
No. This pool is single-asset and has no impermanent loss exposure.
› Is this a stablecoin pool?
Yes. The pool is built on stablecoins, so the primary risk is depeg events rather than directional price moves.
› How often is this APY updated?
We refresh APY and TVL hourly from DefiLlama. Daily snapshots are stored to power the historical chart on this page.
Last updated 2026-05-18. See methodology for how we collect and refresh this data.