Morpho Blue · Katana

GTWETH

Overview

The Morpho Blue GTWETH pool on Katana is a single-asset lending position where suppliers earn variable interest on ETH-denominated deposits through the GTWETH token. The protocol generates yield by matching borrowing demand against pooled liquidity and distributing the resulting interest to lenders. Total APY of 2.69% breaks down into base lending at 0.82% plus an additional reward layer contributing 1.87%. Over the past week, the rate trended slightly downward by -0.06%, while over the last month it declined by -7.91%, placing the current APY below the 30-day mean of 3.49%. TVL stands at $4.7M with no reported change over the past week; primary exposure is smart-contract risk given that this is not a stablecoin pool or multi-asset liquidity provision. The single-asset nature limits diversification but also reduces impermanent loss compared to LP tokens, focusing risk on the reliability of the underlying protocol and asset value stability.

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.

• Yield variability

  Current APY is 0.73%; 30-day mean is 2.29%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 73% confidence based on historical patterns.

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