Morpho Blue · Ethereum

STEAKUSDT

Overview

Morpho Blue STEAKUSDT on Ethereum is a lending protocol pool where users provide USDT liquidity to a single-asset market. The pool currently offers a base APY of 2.49 percent with no reward incentives, for a total APY of 2.49 percent. Over the past 30 days, the APY has averaged 3.92 percent but declined 0.27 percent; the 7-day trend shows a minimal decrease of 0.42 percent. The pool holds approximately $118.8 million in total value locked, though recent 7-day TVL change data is unavailable. As a stablecoin pool, the primary risk consideration is depeg risk associated with the underlying USDT asset.

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 6.88%; 30-day mean is 3.16%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 87% confidence based on historical patterns.

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