Morpho Blue · Ethereum

STEAKUSDC

Overview

Morpho Blue STEAKUSDC on Ethereum is a lending protocol pool where users provide liquidity in a stablecoin pair. The pool currently generates a base APY of 3.45%, with no additional reward incentives, for a total APY of 3.45%. Over the past 30 days, the APY has declined 18.15%, and the 7-day trend shows a steeper drop of 51.59% relative to the 7-day average of 3.84%. The pool maintains a TVL of approximately 125.3 million USD, though 7-day TVL change data is unavailable. As a stablecoin pool, the primary risk exposure is depeg risk; however, smart-contract risk inherent to the Morpho Blue protocol remains a consideration for users.

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 4.13%; 30-day mean is 4.22%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 58% confidence based on historical patterns.

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