Morpho Blue · Ethereum

UPUSDC

Overview

The Morpho Blue UPUSDC pool on Ethereum is a single-asset lending position where suppliers earn variable interest on stablecoin deposits. The protocol routes borrowing demand against pooled USDC liquidity and pays suppliers from the resulting interest spread. Total APY stands at 0%, with no additional reward layer. There is no trend data available for both the 7-day and 30-day periods, as indicated by null values. TVL currently sits at $4M without a reported change over the past week. Primary exposure here is depeg risk on the underlying stablecoin USDC. This pool maintains typical liquidity levels for its category within the lending 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.

• Depeg risk

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

• 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.