Morpho Blue · Base

UNIBTC

Overview

The Morpho Blue UNIBTC pool on Base is a single-asset lending position where suppliers earn variable interest on Wrapped Bitcoin (WBTC) liquidity provided through the Uniswap v3 protocol. The pool generates yield by matching borrowing demand against deposited WBTC, with interest payments flowing to lenders from the spread between supply and borrow rates. The total APY stands at 0%, indicating no current rewards or incentives for suppliers. Both the 7-day and 30-day trend data are unavailable, leaving the current rate without comparative context relative to recent performance. TVL in the pool is $1.48M with no reported change over the past week; primary exposure here is smart-contract risk due to the single-asset nature of the pool. This lending arrangement does not expose participants to impermanent loss or depeg risks, focusing instead on direct interest rate dynamics within the Morpho Blue protocol.

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.