Morpho Blue · Ethereum

WBTC

Overview

The Morpho Blue WBTC pool on Ethereum is a single-asset lending position where suppliers earn variable interest on Bitcoin-backed token deposits. Morpho Blue generates yield by routing borrowing demand against pooled WBTC liquidity and paying suppliers from the resulting interest spread. This pool competes with other WBTC lending venues on Ethereum, offering one of several options for depositing this asset.

The total APY is 0%, with no base or reward components contributing to it. Trend data is not available for this pool. The current APY aligns with the 30-day mean of 0%.

TVL stands at $3M and has been stable, showing no significant change over the past week. Primary exposure here is smart-contract risk due to the protocol's reliance on automated market-making mechanisms. Utilisation rates for this WBTC lending pool are typically within a standard range, ensuring that supply-side interest rates remain responsive to borrower demand fluctuations.

Composed 2026-05-22 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.

• 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.