Morpho Blue · Katana

YOG-ETH

Overview

The Morpho Blue YOG-ETH pool on Katana is a multi-asset lending position where suppliers earn variable interest on deposits of the YOG-ETH token, which represents a liquidity provider's share in the YugaSwap ETH/USDC trading pair. The protocol generates yield by matching borrowing demand against pooled liquidity and distributing the resulting interest to lenders. The total APY stands at 2.62%, composed of a base lending rate of 0.75% and an additional reward layer of 1.86%. Over the past week, the APY trended down by 0.09%, while over the last month it declined by 7.96%, placing the current yield below the 30-day mean of 3.40%. TVL in the pool is $12.6M with no reported change over the past week; primary exposure includes impermanent loss risk due to the multi-asset nature of the YOG-ETH token. This liquidity depth supports borrowing and lending activities, though it remains subject to fluctuations based on market conditions and protocol utilization rates.

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 2.09%; 30-day mean is 2.36%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 84% confidence based on historical patterns.

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