5.27%APY
4.52%Sustainable APY
$72.1MTVL
Moderate · 26Risk score (0–100)
64Opportunity score
GoodLiquidity
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.
Main risk dimensions
- Yield durability: 33
- Asset price: 24
- Smart contracts: 19
Where the yield comes from
- Borrower interest: 4.27% (81%)
- Token incentives: 1.00% (19%)
Key dependencies
- Clearstar (curator)
- Morpho (protocol family)
- Circle (issuer)
Governance and control
- 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
Text source: written by an AI model from the structured fields and checked by a rule-based validator. Machine-readable copy of this report: JSON. ← All 25 opportunities