Morpho Blue · Ethereum

SENRLUSDV2

Overview

Morpho Blue's SENRLUSDV2 pool on Ethereum is a lending protocol pool offering single-asset stablecoin exposure. The pool currently delivers a total APY of 4.88 percent, comprised of 1.60 percent base yield and 3.28 percent reward APY. Over the past seven days, APY has declined 0.93 percent, while the 30-day trend shows a 0.31 percent decrease from the 30-day average of 5.89 percent, indicating downward pressure on returns. TVL stands at 203.79 million dollars with data unavailable on seven-day changes. As a stablecoin pool, the primary risk to monitor is depeg exposure, though the pool's single-asset structure eliminates impermanent loss risk.

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 5.65%; 30-day mean is 5.72%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 72% confidence based on historical patterns.

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