Morpho Blue · Base

STEAKUSDC

Overview

Morpho Blue STEAKUSDC on Base is a lending protocol pool where USDC serves as the supplied asset. The pool currently generates a base APY of 4.7912 percent with no additional reward incentives, for a total APY of 4.7912 percent. Over the past 30 days, the APY averaged 4.3799 percent, representing a 0.608 percent increase from that mean; the 7-day change shows a 0.5662 percent rise, indicating modest upward movement in yields. The pool holds 123.9 million dollars in total value locked, though trend data for the 7-day TVL change is unavailable. As a stablecoin pool, primary risk exposure centers on depeg risk, though single-asset design eliminates impermanent loss concerns inherent in multi-asset pools.

Composed 2026-05-18 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.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 4.22%; 30-day mean is 4.46%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 52% confidence based on historical patterns.

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