{
  "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",
  "count": 25,
  "items": [
    {
      "id": "e0672197-9f3e-4414-bca5-e6b4c90aa469",
      "protocol": "morpho-blue",
      "market": "GTUSDCP",
      "type": "lending",
      "apy": 4.72,
      "sustainable_apy": 4.72,
      "tvl_usd": 410845481,
      "risk_score": 16,
      "opportunity_score": 82,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Good",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
        {
          "category": "borrower_interest",
          "apy": 4.72,
          "share": 1
        }
      ],
      "major_risks": [
        {
          "dimension": "oracle",
          "score": 18
        },
        {
          "dimension": "protocol",
          "score": 17
        },
        {
          "dimension": "stablecoin",
          "score": 16
        }
      ],
      "key_dependencies": [
        {
          "type": "curator",
          "name": "Gauntlet"
        },
        {
          "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: Gauntlet · 7-day timelock · guardian · lends mostly against cbBTC (91%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": -0.5,
      "apy_change_7d_pct": -0.7,
      "why_this_yield_exists": "Lenders earn yield from interest paid by borrowers. This income source is highly durable.",
      "what_could_lose_money": "Main risks include oracle manipulation, the protocol's maturity level, and stablecoin depegging. The market also depends on Circle and Gauntlet's oversight.",
      "what_changed_recently": "TVL -0.5% over 7 days, APY -0.7% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/e0672197-9f3e-4414-bca5-e6b4c90aa469/",
      "data_url": "https://yields.fintechhodl.com/data/o/e0672197-9f3e-4414-bca5-e6b4c90aa469.json"
    },
    {
      "id": "81ae8812-f04f-4f6e-9d71-ee5778f3a178",
      "protocol": "morpho-blue",
      "market": "STEAKUSDC",
      "type": "lending",
      "apy": 3.52,
      "sustainable_apy": 3.52,
      "tvl_usd": 116094764,
      "risk_score": 17,
      "opportunity_score": 76,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Good",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
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          "apy": 3.52,
          "share": 1
        }
      ],
      "major_risks": [
        {
          "dimension": "liquidity",
          "score": 21
        },
        {
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          "score": 18
        },
        {
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          "score": 17
        }
      ],
      "key_dependencies": [
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          "name": "Steakhouse Financial"
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        {
          "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: Steakhouse Financial · 7-day timelock · guardian · lends mostly against cbBTC (97%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": -4,
      "apy_change_7d_pct": -0.6,
      "why_this_yield_exists": "Yield comes entirely from borrowers paying interest at a steady rate. This income source is very durable.",
      "what_could_lose_money": "Main risks are limited exit liquidity, potential oracle failures, and protocol maturity. The position also depends on Circle and Steakhouse Financial.",
      "what_changed_recently": "TVL -4% 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/81ae8812-f04f-4f6e-9d71-ee5778f3a178/",
      "data_url": "https://yields.fintechhodl.com/data/o/81ae8812-f04f-4f6e-9d71-ee5778f3a178.json"
    },
    {
      "id": "df7ccfd1-2642-4d79-851a-a5b07d9b8a97",
      "protocol": "morpho-blue",
      "market": "GTUSDCP",
      "type": "lending",
      "apy": 4.73,
      "sustainable_apy": 4.73,
      "tvl_usd": 166944812,
      "risk_score": 23,
      "opportunity_score": 72,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Excellent",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
        {
          "category": "borrower_interest",
          "apy": 4.73,
          "share": 1
        }
      ],
      "major_risks": [
        {
          "dimension": "yield",
          "score": 31
        },
        {
          "dimension": "oracle",
          "score": 18
        },
        {
          "dimension": "protocol",
          "score": 17
        }
      ],
      "key_dependencies": [
        {
          "type": "curator",
          "name": "Gauntlet"
        },
        {
          "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: Gauntlet · 3-day timelock · sentinel · lends mostly against cbBTC (93%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": 0.1,
      "apy_change_7d_pct": -0.3,
      "why_this_yield_exists": "Yield comes entirely from interest that borrowers pay. This income source is highly durable.",
      "what_could_lose_money": "Main risks are yield decline, oracle errors or manipulation, and protocol vulnerabilities. The position depends on Circle and Morpho.",
      "what_changed_recently": "TVL +0.1% over 7 days, APY -0.3% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/df7ccfd1-2642-4d79-851a-a5b07d9b8a97/",
      "data_url": "https://yields.fintechhodl.com/data/o/df7ccfd1-2642-4d79-851a-a5b07d9b8a97.json"
    },
    {
      "id": "ba68527f-8ec2-4c55-827a-8f4673ae047c",
      "protocol": "morpho-blue",
      "market": "STEAKUSDC",
      "type": "lending",
      "apy": 4.73,
      "sustainable_apy": 4.73,
      "tvl_usd": 146069205,
      "risk_score": 23,
      "opportunity_score": 72,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Good",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
        {
          "category": "borrower_interest",
          "apy": 4.73,
          "share": 1
        }
      ],
      "major_risks": [
        {
          "dimension": "yield",
          "score": 31
        },
        {
          "dimension": "liquidity",
          "score": 18
        },
        {
          "dimension": "oracle",
          "score": 18
        }
      ],
      "key_dependencies": [
        {
          "type": "curator",
          "name": "Steakhouse Financial"
        },
        {
          "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: Steakhouse Financial · 7-day timelock · sentinel · lends mostly against cbBTC (92%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": -1.9,
      "apy_change_7d_pct": -0.4,
      "why_this_yield_exists": "Yield comes entirely from interest paid by borrowers. This income source is highly durable.",
      "what_could_lose_money": "Main risks are yield declining, difficulty exiting the position, and oracle price manipulation. The position also relies on Circle and the pool's current size.",
      "what_changed_recently": "TVL -1.9% over 7 days, APY -0.4% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/ba68527f-8ec2-4c55-827a-8f4673ae047c/",
      "data_url": "https://yields.fintechhodl.com/data/o/ba68527f-8ec2-4c55-827a-8f4673ae047c.json"
    },
    {
      "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"
    },
    {
      "id": "7820bd3c-461a-4811-9f0b-1d39c1503c3f",
      "protocol": "morpho-blue",
      "market": "STEAKUSDC",
      "type": "lending",
      "apy": 4.49,
      "sustainable_apy": 4.49,
      "tvl_usd": 12747516,
      "risk_score": 24,
      "opportunity_score": 70,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Good",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
        {
          "category": "borrower_interest",
          "apy": 4.49,
          "share": 1
        }
      ],
      "major_risks": [
        {
          "dimension": "yield",
          "score": 31
        },
        {
          "dimension": "liquidity",
          "score": 29
        },
        {
          "dimension": "oracle",
          "score": 18
        }
      ],
      "key_dependencies": [
        {
          "type": "curator",
          "name": "Steakhouse Financial"
        },
        {
          "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: Steakhouse Financial · 7-day timelock · guardian · largest collateral cbBTC (40%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": -0.2,
      "apy_change_7d_pct": -0.8,
      "why_this_yield_exists": "It pays interest from borrowers at a sustainable rate. The yield source is highly durable.",
      "what_could_lose_money": "The main risks are yield falling, difficulty exiting the position quickly, and oracle price errors. It depends on Circle and the Morpho protocol. The pool's size is modest.",
      "what_changed_recently": "TVL -0.2% over 7 days, APY -0.8% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/7820bd3c-461a-4811-9f0b-1d39c1503c3f/",
      "data_url": "https://yields.fintechhodl.com/data/o/7820bd3c-461a-4811-9f0b-1d39c1503c3f.json"
    },
    {
      "id": "097b18e2-9232-4c44-bd2e-502de4ba889e",
      "protocol": "morpho-blue",
      "market": "CSCBUSDC",
      "type": "lending",
      "apy": 5.27,
      "sustainable_apy": 4.52,
      "tvl_usd": 72051151,
      "risk_score": 26,
      "opportunity_score": 64,
      "confidence": 100,
      "yield_sustainability": 86,
      "liquidity": "Good",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
        {
          "category": "borrower_interest",
          "apy": 4.27,
          "share": 0.81
        },
        {
          "category": "token_incentives",
          "apy": 1,
          "share": 0.19
        }
      ],
      "major_risks": [
        {
          "dimension": "yield",
          "score": 33
        },
        {
          "dimension": "asset",
          "score": 24
        },
        {
          "dimension": "smart_contract",
          "score": 19
        }
      ],
      "key_dependencies": [
        {
          "type": "curator",
          "name": "Clearstar"
        },
        {
          "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: Clearstar · 3-day timelock · sentinel · lends mostly against cbBTC (71%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": 98.9,
      "apy_change_7d_pct": -12.1,
      "why_this_yield_exists": "The yield comes from interest paid by borrowers, with a smaller portion from token incentives. This income source is largely durable.",
      "what_could_lose_money": "The biggest risks are yield declining, price swings in the underlying tokens, and the smart contract layer. It depends on Circle as the stablecoin issuer and uses long-tail collateral.",
      "what_changed_recently": "TVL +98.9% over 7 days, APY -12.1% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/097b18e2-9232-4c44-bd2e-502de4ba889e/",
      "data_url": "https://yields.fintechhodl.com/data/o/097b18e2-9232-4c44-bd2e-502de4ba889e.json"
    },
    {
      "id": "92a97f48-005e-4819-a838-f442ea92c401",
      "protocol": "morpho-blue",
      "market": "GTUSDCF",
      "type": "lending",
      "apy": 5.44,
      "sustainable_apy": 5.44,
      "tvl_usd": 5111223,
      "risk_score": 30,
      "opportunity_score": 64,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Fair",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
        {
          "category": "borrower_interest",
          "apy": 5.44,
          "share": 1
        }
      ],
      "major_risks": [
        {
          "dimension": "asset",
          "score": 41
        },
        {
          "dimension": "liquidity",
          "score": 36
        },
        {
          "dimension": "oracle",
          "score": 19
        }
      ],
      "key_dependencies": [
        {
          "type": "curator",
          "name": "Gauntlet"
        },
        {
          "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: Gauntlet · 3-day timelock · sentinel · largest collateral cbXRP (33%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": 9.7,
      "apy_change_7d_pct": -3.9,
      "why_this_yield_exists": "It pays yield from interest charged to borrowers, with the income stream considered durable.",
      "what_could_lose_money": "Main risks include price swings in the collateral tokens, difficulty exiting the position, and potential oracle failures. The setup depends on Circle and has fair liquidity overall.",
      "what_changed_recently": "TVL +9.7% over 7 days, APY -3.9% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/92a97f48-005e-4819-a838-f442ea92c401/",
      "data_url": "https://yields.fintechhodl.com/data/o/92a97f48-005e-4819-a838-f442ea92c401.json"
    },
    {
      "id": "ba74d2b3-ed94-45b2-8536-92dcc29dac8e",
      "protocol": "morpho-blue",
      "market": "YMVOG-USDC",
      "type": "lending",
      "apy": 4.91,
      "sustainable_apy": 4.91,
      "tvl_usd": 2071169,
      "risk_score": 31,
      "opportunity_score": 62,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Fair",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
        {
          "category": "borrower_interest",
          "apy": 4.91,
          "share": 1
        }
      ],
      "major_risks": [
        {
          "dimension": "liquidity",
          "score": 44
        },
        {
          "dimension": "asset",
          "score": 39
        },
        {
          "dimension": "oracle",
          "score": 18
        }
      ],
      "key_dependencies": [
        {
          "type": "curator",
          "name": "Yearn"
        },
        {
          "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: Yearn · 3-day timelock · guardian · lends mostly against cbXRP (54%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": 31.5,
      "apy_change_7d_pct": -2.4,
      "why_this_yield_exists": "It pays yield entirely from interest charged to borrowers, with a very durable source. The sustainability is at its highest level.",
      "what_could_lose_money": "The main risks are liquidity constraints and the quality of collateral backing the loans. It depends on Circle, Yearn, and Morpho. The pool is relatively small.",
      "what_changed_recently": "TVL +31.5% over 7 days, APY -2.4% over 7 days; 2 risk events this week (vault_new_collateral). Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/ba74d2b3-ed94-45b2-8536-92dcc29dac8e/",
      "data_url": "https://yields.fintechhodl.com/data/o/ba74d2b3-ed94-45b2-8536-92dcc29dac8e.json"
    },
    {
      "id": "96ef2230-b5fc-47d7-bbb3-847816e1c15b",
      "protocol": "morpho-blue",
      "market": "GUSDCQ",
      "type": "lending",
      "apy": 4.73,
      "sustainable_apy": 4.73,
      "tvl_usd": 2037582,
      "risk_score": 31,
      "opportunity_score": 61,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Fair",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
        {
          "category": "borrower_interest",
          "apy": 4.73,
          "share": 1
        }
      ],
      "major_risks": [
        {
          "dimension": "liquidity",
          "score": 44
        },
        {
          "dimension": "yield",
          "score": 31
        },
        {
          "dimension": "smart_contract",
          "score": 19
        }
      ],
      "key_dependencies": [
        {
          "type": "curator",
          "name": "Galaxy Curation"
        },
        {
          "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: Galaxy Curation · 3-day timelock · sentinel · lends mostly against cbBTC (100%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": 0.1,
      "apy_change_7d_pct": -0.4,
      "why_this_yield_exists": "It pays yield entirely from interest paid by borrowers. This income source is highly durable.",
      "what_could_lose_money": "The main risks are limited ability to exit quickly, yield decline, and smart contract security. It depends on Circle and holds a moderate amount of assets.",
      "what_changed_recently": "TVL +0.1% over 7 days, APY -0.4% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/96ef2230-b5fc-47d7-bbb3-847816e1c15b/",
      "data_url": "https://yields.fintechhodl.com/data/o/96ef2230-b5fc-47d7-bbb3-847816e1c15b.json"
    },
    {
      "id": "15a4bbe2-d1fa-4dce-a780-27faeb859bd7",
      "protocol": "morpho-blue",
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      "apy": 4.5,
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      "tvl_usd": 1260586,
      "risk_score": 31,
      "opportunity_score": 61,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Fair",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
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      "major_risks": [
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          "score": 47
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      "key_dependencies": [
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          "name": "Architect"
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          "name": "Morpho"
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          "name": "Circle"
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      "governance_evidence": [
        "Governance: immutable contracts (https://docs.morpho.org/learn/governance/organization/, checked 2026-10-07)",
        "Curator: Architect · 3-day timelock · no sentinel · largest collateral cbBTC (40%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": 0.1,
      "apy_change_7d_pct": -0.6,
      "why_this_yield_exists": "It pays a yield from interest paid by borrowers. This yield source is highly durable.",
      "what_could_lose_money": "The main risks are liquidity constraints when exiting, governance decisions, and oracle manipulation. The position depends on Circle and the pool's size.",
      "what_changed_recently": "TVL +0.1% 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/15a4bbe2-d1fa-4dce-a780-27faeb859bd7/",
      "data_url": "https://yields.fintechhodl.com/data/o/15a4bbe2-d1fa-4dce-a780-27faeb859bd7.json"
    },
    {
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      "protocol": "morpho-blue",
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      "risk_score": 31,
      "opportunity_score": 60,
      "confidence": 100,
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      "liquidity": "Fair",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
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      "key_dependencies": [
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      "governance_evidence": [
        "Governance: immutable contracts (https://docs.morpho.org/learn/governance/organization/, checked 2026-10-07)",
        "Curator: Gauntlet · 3-day timelock · guardian · lends mostly against cbBTC (93%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": 1.9,
      "apy_change_7d_pct": -0.7,
      "why_this_yield_exists": "It pays yield entirely from interest charged to borrowers. This income source is highly durable.",
      "what_could_lose_money": "The main risks are limited ability to exit the position, declining yield, and oracle reliability. The position also depends on Circle and holds a modest pool size.",
      "what_changed_recently": "TVL +1.9% over 7 days, APY -0.7% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/65653183-7d69-408f-a76c-9dd2914f306f/",
      "data_url": "https://yields.fintechhodl.com/data/o/65653183-7d69-408f-a76c-9dd2914f306f.json"
    },
    {
      "id": "1994cc35-a2b9-434e-b197-df6742fb5d81",
      "protocol": "yo-protocol",
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      "risk_score": 28,
      "opportunity_score": 59,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Fair",
      "primary_yield_source": "borrower_interest",
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      "major_risks": [
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          "score": 34
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      ],
      "governance_evidence": [
        "Governance: multisig 4 of 6 with a 2-day timelock (https://docs.yo.xyz/protocol/yo-v2-security-framework.md, checked 2026-10-07)"
      ],
      "tvl_change_7d_pct": -1.9,
      "apy_change_7d_pct": 0,
      "why_this_yield_exists": "Yield comes entirely from interest paid by borrowers. This income source is highly durable.",
      "what_could_lose_money": "Main risks are limited liquidity for exiting positions, governance changes, and oracle accuracy. The protocol depends on Circle, and the pool is relatively small.",
      "what_changed_recently": "TVL -1.9% over 7 days, APY +0% over 7 days; 1 risk event this week (apy_jump). Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/1994cc35-a2b9-434e-b197-df6742fb5d81/",
      "data_url": "https://yields.fintechhodl.com/data/o/1994cc35-a2b9-434e-b197-df6742fb5d81.json"
    },
    {
      "id": "b39b492a-0a64-4926-8598-d5acf05d62b5",
      "protocol": "morpho-blue",
      "market": "MWUSDC",
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      "apy": 4.35,
      "sustainable_apy": 4.22,
      "tvl_usd": 2587492,
      "risk_score": 31,
      "opportunity_score": 59,
      "confidence": 100,
      "yield_sustainability": 97,
      "liquidity": "Fair",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
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          "apy": 4.18,
          "share": 0.96
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        {
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          "apy": 0.17,
          "share": 0.04
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      "major_risks": [
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          "score": 18
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      "key_dependencies": [
        {
          "type": "curator",
          "name": "Anthias Labs"
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          "name": "Morpho"
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        {
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      "governance_evidence": [
        "Governance: immutable contracts (https://docs.morpho.org/learn/governance/organization/, checked 2026-10-07)",
        "Curator: Anthias Labs · 4-day timelock · guardian · lends mostly against WETH (95%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": -15.5,
      "apy_change_7d_pct": -0.3,
      "why_this_yield_exists": "Yields come mainly from interest paid by borrowers, with a small portion from token incentives. This income source is highly durable.",
      "what_could_lose_money": "The main risks are difficulty exiting the position quickly, potential oracle failures, and protocol-level vulnerabilities. The position also depends on Circle and the pool's current size.",
      "what_changed_recently": "TVL -15.5% over 7 days, APY -0.3% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/b39b492a-0a64-4926-8598-d5acf05d62b5/",
      "data_url": "https://yields.fintechhodl.com/data/o/b39b492a-0a64-4926-8598-d5acf05d62b5.json"
    },
    {
      "id": "832c94db-4948-4f14-aa65-af6e737d984e",
      "protocol": "morpho-blue",
      "market": "BBQUSDC",
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      "tvl_usd": 31558057,
      "risk_score": 34,
      "opportunity_score": 59,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Good",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
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          "share": 1
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      "major_risks": [
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          "score": 53
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      "key_dependencies": [
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          "name": "Steakhouse Financial"
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          "name": "Morpho"
        },
        {
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      ],
      "governance_evidence": [
        "Governance: immutable contracts (https://docs.morpho.org/learn/governance/organization/, checked 2026-10-07)",
        "Curator: Steakhouse Financial · 3-day timelock · sentinel · lends mostly against cbXRP (78%) at up to 62.5% LTV"
      ],
      "tvl_change_7d_pct": 7.6,
      "apy_change_7d_pct": -1.6,
      "why_this_yield_exists": "It pays yield from interest charged to borrowers, with that income source being highly durable.",
      "what_could_lose_money": "Main risks are price swings in the collateral tokens, difficulty exiting the position, and potential oracle failures. The market depends on Circle and holds moderate liquidity.",
      "what_changed_recently": "TVL +7.6% over 7 days, APY -1.6% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/832c94db-4948-4f14-aa65-af6e737d984e/",
      "data_url": "https://yields.fintechhodl.com/data/o/832c94db-4948-4f14-aa65-af6e737d984e.json"
    },
    {
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      "protocol": "morpho-blue",
      "market": "BITUSDCP",
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      "risk_score": 32,
      "opportunity_score": 58,
      "confidence": 88,
      "yield_sustainability": 100,
      "liquidity": "Fair",
      "primary_yield_source": "borrower_interest",
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          "share": 1
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      "major_risks": [
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          "score": 46
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          "score": 31
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      "key_dependencies": [
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        {
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      "governance_evidence": [
        "Governance: immutable contracts (https://docs.morpho.org/learn/governance/organization/, checked 2026-10-07)",
        "Curator: Gauntlet · 7-day timelock · sentinel · largest collateral cbETH (47%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": 12.7,
      "apy_change_7d_pct": -0.9,
      "why_this_yield_exists": "Yield comes entirely from interest paid by borrowers at a stable rate. The income source is highly durable.",
      "what_could_lose_money": "Main risks are limited liquidity for exiting the position, potential yield decline, and smart contract vulnerabilities across protocol layers. The position depends on Circle and holds relatively modest assets.",
      "what_changed_recently": "TVL +12.7% over 7 days, APY -0.9% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/3c9e2fb0-6bf6-53aa-9ff6-d78ff4d044a1/",
      "data_url": "https://yields.fintechhodl.com/data/o/3c9e2fb0-6bf6-53aa-9ff6-d78ff4d044a1.json"
    },
    {
      "id": "47548a32-63c2-4485-b348-eac2cc3a587f",
      "protocol": "morpho-blue",
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      "opportunity_score": 57,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Fair",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
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          "share": 1
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      "major_risks": [
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          "score": 48
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        },
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        }
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      "key_dependencies": [
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          "name": "RE7 Labs"
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          "name": "Morpho"
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        {
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          "name": "Circle"
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      ],
      "governance_evidence": [
        "Governance: immutable contracts (https://docs.morpho.org/learn/governance/organization/, checked 2026-10-07)",
        "Curator: RE7 Labs · no timelock · no sentinel · lends mostly against cbBTC (100%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": 0.1,
      "apy_change_7d_pct": -0.3,
      "why_this_yield_exists": "Yield comes entirely from interest paid by borrowers, with very high sustainability. The position generates a steady income stream from this source.",
      "what_could_lose_money": "Main risks are limited ability to exit quickly, governance or administrative changes, and potential yield decline. The position also depends on Circle and relies on a modest pool size.",
      "what_changed_recently": "TVL +0.1% over 7 days, APY -0.3% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/47548a32-63c2-4485-b348-eac2cc3a587f/",
      "data_url": "https://yields.fintechhodl.com/data/o/47548a32-63c2-4485-b348-eac2cc3a587f.json"
    },
    {
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      "protocol": "aave-v3",
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      "risk_score": 30,
      "opportunity_score": 56,
      "confidence": 100,
      "yield_sustainability": 80,
      "liquidity": "Good",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
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          "apy": 3.83,
          "share": 0.732
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        {
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          "apy": 1.41,
          "share": 0.268
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          "score": 37
        },
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        },
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        }
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      "key_dependencies": [
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          "type": "protocol_family",
          "name": "Aave"
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        {
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          "name": "Chainlink"
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        {
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      ],
      "governance_evidence": [
        "Governance: token-holder governance with a 24-hour timelock (https://aave.com/docs/primitives/governance, checked 2026-10-07)"
      ],
      "tvl_change_7d_pct": -2.1,
      "apy_change_7d_pct": -9.8,
      "why_this_yield_exists": "Yield comes mainly from borrower interest with a substantial portion from token incentives. This income source is mostly durable.",
      "what_could_lose_money": "Main risks are governance decisions and yield sustainability. Liquidity for exiting is good, though it depends on Chainlink and Circle functioning properly.",
      "what_changed_recently": "TVL -2.1% over 7 days, APY -9.8% over 7 days; 3 risk events this week (apy_jump, liquidity_drop, tvl_drop). Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/7e0661bf-8cf3-45e6-9424-31916d4c7b84/",
      "data_url": "https://yields.fintechhodl.com/data/o/7e0661bf-8cf3-45e6-9424-31916d4c7b84.json"
    },
    {
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      "protocol": "morpho-blue",
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      "opportunity_score": 55,
      "confidence": 75,
      "yield_sustainability": 75,
      "liquidity": "Excellent",
      "primary_yield_source": "borrower_interest",
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        },
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      "key_dependencies": [
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        },
        {
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      ],
      "governance_evidence": [
        "Governance: immutable contracts (https://docs.morpho.org/learn/governance/organization/, checked 2026-10-07)",
        "Curator: Steakhouse Financial · 7-day timelock · sentinel · lends mostly against cbBTC (90%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": 19.4,
      "apy_change_7d_pct": -0.4,
      "why_this_yield_exists": "Yield comes from borrower interest paid on this pool. The income mix is fairly durable overall.",
      "what_could_lose_money": "Main risks are the smart contracts and underlying layers, plus yield potentially falling. The price oracle could fail or be manipulated. The position depends on Circle, and the pool holds a large amount.",
      "what_changed_recently": "TVL +19.4% over 7 days, APY -0.4% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/28470287-2c5b-5744-bc13-b9f1c0190b7b/",
      "data_url": "https://yields.fintechhodl.com/data/o/28470287-2c5b-5744-bc13-b9f1c0190b7b.json"
    },
    {
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      "sustainable_apy": 7.5,
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      "opportunity_score": 53,
      "confidence": 95,
      "yield_sustainability": 52,
      "liquidity": "Good",
      "primary_yield_source": "basis_trade",
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          "share": 0.778
        },
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          "share": 0.222
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      ],
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        },
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        },
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        }
      ],
      "key_dependencies": [
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      ],
      "governance_evidence": [],
      "tvl_change_7d_pct": 0,
      "apy_change_7d_pct": 0,
      "why_this_yield_exists": "It pays yield from a basis trade that makes up most of the return, plus some token incentives. This income mix has moderate durability.",
      "what_could_lose_money": "The main risks are the protocol's security and history, difficulty exiting the position quickly or affordably, and potential issues with the price oracle. It depends on Circle, and the pool is relatively small.",
      "what_changed_recently": "TVL +0% over 7 days, APY +0% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/79788d49-3f2f-4dd3-ac58-50c191486b6f/",
      "data_url": "https://yields.fintechhodl.com/data/o/79788d49-3f2f-4dd3-ac58-50c191486b6f.json"
    },
    {
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      "protocol": "morpho-blue",
      "market": "PUSDC",
      "type": "lending",
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      "tvl_usd": 7901051,
      "risk_score": 37,
      "opportunity_score": 52,
      "confidence": 100,
      "yield_sustainability": 100,
      "liquidity": "Poor",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
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      "major_risks": [
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        },
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        },
        {
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        }
      ],
      "key_dependencies": [
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          "name": "Pangolins"
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          "name": "Morpho"
        },
        {
          "type": "issuer",
          "name": "Circle"
        }
      ],
      "governance_evidence": [
        "Governance: immutable contracts (https://docs.morpho.org/learn/governance/organization/, checked 2026-10-07)",
        "Curator: Pangolins · 3-day timelock · guardian · lends mostly against cbBTC (100%) at up to 86.0% LTV"
      ],
      "tvl_change_7d_pct": -26.3,
      "apy_change_7d_pct": -0.5,
      "why_this_yield_exists": "It pays yield from interest charged to borrowers. That income source is highly durable.",
      "what_could_lose_money": "The main risks are poor liquidity making it hard to exit, the yield potentially declining, and oracle risk. It depends on Circle and the Morpho protocol.",
      "what_changed_recently": "TVL -26.3% over 7 days, APY -0.5% over 7 days; 1 risk event this week (risk_score_jump). Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/c1949c46-0c01-445f-8017-b3192d9913bc/",
      "data_url": "https://yields.fintechhodl.com/data/o/c1949c46-0c01-445f-8017-b3192d9913bc.json"
    },
    {
      "id": "cca340f1-03e7-5097-8d7c-f07def190cc2",
      "protocol": "morpho-blue",
      "market": "K3USDC",
      "type": "lending",
      "apy": 5.55,
      "sustainable_apy": 5.55,
      "tvl_usd": 3699721,
      "risk_score": 38,
      "opportunity_score": 52,
      "confidence": 83,
      "yield_sustainability": 100,
      "liquidity": "Fair",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
        {
          "category": "borrower_interest",
          "apy": 5.55,
          "share": 1
        }
      ],
      "major_risks": [
        {
          "dimension": "asset",
          "score": 54
        },
        {
          "dimension": "liquidity",
          "score": 39
        },
        {
          "dimension": "smart_contract",
          "score": 29
        }
      ],
      "key_dependencies": [
        {
          "type": "curator",
          "name": "K3 Capital"
        },
        {
          "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: K3 Capital · 3-day timelock · sentinel · lends mostly against cbXRP (96%) at up to 62.5% LTV"
      ],
      "tvl_change_7d_pct": 0.2,
      "apy_change_7d_pct": 0.3,
      "why_this_yield_exists": "It pays yield from interest charged to borrowers. This income source is very durable.",
      "what_could_lose_money": "The main risks are exposure to the collateral tokens and their price movements, difficulty exiting the position, and smart contract risk across the pool and its underlying layers. The position also depends on Circle and holds a moderate pool size.",
      "what_changed_recently": "TVL +0.2% over 7 days, APY +0.3% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/cca340f1-03e7-5097-8d7c-f07def190cc2/",
      "data_url": "https://yields.fintechhodl.com/data/o/cca340f1-03e7-5097-8d7c-f07def190cc2.json"
    },
    {
      "id": "b99bcdf5-1350-4269-981e-0e9b5cccb007",
      "protocol": "uniswap-v3",
      "market": "WETH-USDC",
      "type": "lp",
      "apy": 42.09,
      "sustainable_apy": 16.98,
      "tvl_usd": 159340443,
      "risk_score": 38,
      "opportunity_score": 51,
      "confidence": 95,
      "yield_sustainability": 77,
      "liquidity": "Excellent",
      "primary_yield_source": "trading_fees",
      "yield_sources": [
        {
          "category": "trading_fees",
          "apy": 42.09,
          "share": 1
        }
      ],
      "major_risks": [
        {
          "dimension": "yield",
          "score": 60
        },
        {
          "dimension": "asset",
          "score": 32
        },
        {
          "dimension": "protocol",
          "score": 16
        }
      ],
      "key_dependencies": [
        {
          "type": "protocol_family",
          "name": "Uniswap"
        },
        {
          "type": "issuer",
          "name": "Circle"
        }
      ],
      "governance_evidence": [
        "Governance: immutable contracts (https://gov.uniswap.org/t/temp-check-protocol-fee-expansion-eight-more-chains-and-remaining-mainnet-v3-pools/26035, checked 2026-10-07)"
      ],
      "tvl_change_7d_pct": 8.9,
      "apy_change_7d_pct": -40.8,
      "why_this_yield_exists": "It pays 42.1% APY: 100% from trading fees. That mix is mostly durable (sustainability 77/100).",
      "what_could_lose_money": "The biggest risks are the yield falling or disappearing (60/100); price swings in the tokens held, including impermanent loss (32/100); the protocol itself (its age, size, audits and exploit history) (16/100). It also depends on Circle. The pool holds $159.3M.",
      "what_changed_recently": "TVL +8.9% over 7 days, APY -40.8% over 7 days; 3 risk events this week (apy_jump, apy_drop). Social signals: not yet monitored.",
      "text_source": "template",
      "url": "https://yields.fintechhodl.com/o/b99bcdf5-1350-4269-981e-0e9b5cccb007/",
      "data_url": "https://yields.fintechhodl.com/data/o/b99bcdf5-1350-4269-981e-0e9b5cccb007.json"
    },
    {
      "id": "35b00f23-d8f5-4a9c-822c-c323fb164215",
      "protocol": "40-acres",
      "market": "40BASE-USDC-VAULT",
      "type": "lending",
      "apy": 33.24,
      "sustainable_apy": 33.24,
      "tvl_usd": 5709063,
      "risk_score": 42,
      "opportunity_score": 51,
      "confidence": 95,
      "yield_sustainability": 100,
      "liquidity": "Fair",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
        {
          "category": "borrower_interest",
          "apy": 33.24,
          "share": 1
        }
      ],
      "major_risks": [
        {
          "dimension": "yield",
          "score": 54
        },
        {
          "dimension": "protocol",
          "score": 37
        },
        {
          "dimension": "liquidity",
          "score": 36
        }
      ],
      "key_dependencies": [
        {
          "type": "issuer",
          "name": "Circle"
        }
      ],
      "governance_evidence": [],
      "tvl_change_7d_pct": -2,
      "apy_change_7d_pct": 3.5,
      "why_this_yield_exists": "All of the yield comes from interest paid by borrowers, and this income source is highly durable. The market generates a large payout.",
      "what_could_lose_money": "The main risks are changes to the yield environment, the protocol's maturity and security posture, and the difficulty exiting the position. The market also relies on Circle and holds a modest pool of capital.",
      "what_changed_recently": "TVL -2% over 7 days, APY +3.5% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/35b00f23-d8f5-4a9c-822c-c323fb164215/",
      "data_url": "https://yields.fintechhodl.com/data/o/35b00f23-d8f5-4a9c-822c-c323fb164215.json"
    },
    {
      "id": "9552e250-19fd-595b-85bd-f76ae0e1b2b6",
      "protocol": "morpho-blue",
      "market": "KPK-USDC-YIELD",
      "type": "lending",
      "apy": 6.79,
      "sustainable_apy": 4.67,
      "tvl_usd": 5094056,
      "risk_score": 32,
      "opportunity_score": 50,
      "confidence": 73,
      "yield_sustainability": 69,
      "liquidity": "Fair",
      "primary_yield_source": "borrower_interest",
      "yield_sources": [
        {
          "category": "borrower_interest",
          "apy": 6.03,
          "share": 0.888
        },
        {
          "category": "token_incentives",
          "apy": 0.76,
          "share": 0.112
        }
      ],
      "major_risks": [
        {
          "dimension": "liquidity",
          "score": 36
        },
        {
          "dimension": "smart_contract",
          "score": 31
        },
        {
          "dimension": "oracle",
          "score": 30
        }
      ],
      "key_dependencies": [
        {
          "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)"
      ],
      "tvl_change_7d_pct": 2.8,
      "apy_change_7d_pct": -3.3,
      "why_this_yield_exists": "Yield comes mostly from borrower interest with a smaller portion from token rewards. The income source has moderate durability.",
      "what_could_lose_money": "Main risks are liquidity constraints when exiting, smart contract vulnerabilities, and oracle price accuracy. The position depends on Circle and operates within a modest pool size.",
      "what_changed_recently": "TVL +2.8% over 7 days, APY -3.3% over 7 days; no risk events this week. Social signals: not yet monitored.",
      "text_source": "ai",
      "url": "https://yields.fintechhodl.com/o/9552e250-19fd-595b-85bd-f76ae0e1b2b6/",
      "data_url": "https://yields.fintechhodl.com/data/o/9552e250-19fd-595b-85bd-f76ae0e1b2b6.json"
    }
  ]
}