{
  "schema_version": 1,
  "source": "FinTech Hodl, LLC — Base DeFi risk intel",
  "network": "base",
  "as_of": "2026-10-25T01:00:00Z",
  "captured_at": "2026-10-25T01:51:44.677Z",
  "delay_hours": 24,
  "preview": false,
  "model_version": "1.3.0",
  "disclaimer": "Risk data only, not investment advice.",
  "terms": "Free to read and cite with attribution; delayed data for information only. Fresh data is available as a paid x402 API (USDC on Base): https://intel.fintechhodl.com/.well-known/x402",
  "item": {
    "id": "a5fab52f-73fa-4f44-9c09-9af1eb20996c",
    "protocol": "morpho-blue",
    "market": "SPARKUSDC",
    "type": "lending",
    "apy": 4.24,
    "sustainable_apy": 4.24,
    "tvl_usd": 433889637,
    "risk_score": 23,
    "opportunity_score": 71,
    "confidence": 100,
    "yield_sustainability": 100,
    "liquidity": "Fair",
    "primary_yield_source": "borrower_interest",
    "yield_sources": [
      {
        "category": "borrower_interest",
        "apy": 4.24,
        "share": 1
      }
    ],
    "major_risks": [
      {
        "dimension": "liquidity",
        "score": 32
      },
      {
        "dimension": "oracle",
        "score": 18
      },
      {
        "dimension": "protocol",
        "score": 17
      }
    ],
    "key_dependencies": [
      {
        "type": "curator",
        "name": "SparkDAO"
      },
      {
        "type": "protocol_family",
        "name": "Morpho"
      },
      {
        "type": "issuer",
        "name": "Circle"
      }
    ],
    "governance_evidence": [
      "Governance: immutable contracts (https://docs.morpho.org/learn/governance/organization/, checked 2026-10-07)",
      "Curator: SparkDAO · 10-day timelock · guardian · lends mostly against cbBTC (100%) at up to 86.0% LTV"
    ],
    "tvl_change_7d_pct": -12.1,
    "apy_change_7d_pct": -0.6,
    "why_this_yield_exists": "Yield comes entirely from interest paid by borrowers, and this source is stable and reliable.",
    "what_could_lose_money": "Main risks are difficulty exiting quickly or cheaply, potential oracle issues, and protocol vulnerabilities. The position also depends on Circle and the stability of the pool.",
    "what_changed_recently": "TVL -12.1% over 7 days, APY -0.6% over 7 days; no risk events this week. Social signals: not yet monitored.",
    "text_source": "ai",
    "url": "https://yields.fintechhodl.com/o/a5fab52f-73fa-4f44-9c09-9af1eb20996c/",
    "data_url": "https://yields.fintechhodl.com/data/o/a5fab52f-73fa-4f44-9c09-9af1eb20996c.json"
  }
}