Morpho Blue · Stable

THBILL

Overview

The Morpho Blue THBILL pool on Stable is a single-asset lending position where suppliers earn variable interest on deposits of the token THBILL, which represents a stablecoin-like asset. The protocol generates yield by routing borrowing demand against pooled liquidity and distributing resulting interest to lenders. Total APY stands at 0%, with no additional incentive layer beyond base lending returns. There is no trend data available for 7-day or 30-day periods compared to the current rate, as both metrics are null. Since the 30-day mean APY is also unavailable, direct comparison is not possible. TVL currently sits at $4.4M with no reported change over the past week. The primary exposure in this single-asset pool is depeg risk on the underlying stablecoin THBILL. Given its nature as a lending position, utilization rates within the protocol influence supplier returns and liquidity depth for borrowers seeking to draw against their deposited assets.

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

  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.