Morpho Blue · Ethereum

USDE

Overview

The Morpho Blue USDE pool on Ethereum is a single-asset lending position where suppliers earn variable interest on stablecoin deposits. Morpho Blue generates yield by routing borrowing demand against pooled USDE liquidity and pays suppliers from the resulting interest spread. Total APY stands at 0%, with no additional reward component. There is no trend data available for both the 7-day and 30-day periods, as neither `apy_pct_7d` nor `apy_pct_30d` are provided. TVL is $178K, with primary exposure to depeg risk on the underlying stablecoin USDE. This pool's stability relies heavily on the peg of USDE remaining intact.

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.