Morpho Blue · Katana

YMVOG-VBUSDT

Overview

The Morpho Blue YMVOG-VBUSDT pool on the Katana chain is a multi-asset lending position where suppliers earn variable interest on deposits of BUSD and yvOGN tokens. This protocol generates yield by matching borrowing demand against pooled liquidity, paying suppliers from the resulting interest spread.

Total APY stands at 18.01%, combining base lending with an additional reward layer of 12.83%. Over the past week, the rate has risen by 12.06% and over the last month it increased by 13.26%, significantly outpacing the 30-day mean APY of 6.21%.

TVL currently stands at $4.45M with no reported change in the past week; primary exposure is to impermanent loss due to the multi-asset composition. This pool's liquidity depth supports robust trading activity, enhancing its appeal for users seeking diversified yield opportunities.

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.

• Impermanent loss

  This pool holds multiple assets, so price divergence between them can reduce your USD value below what holding the assets separately would yield.

• Yield variability

  Current APY is 2.34%; 30-day mean is 7.59%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 81% confidence based on historical patterns.

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