3.52%APY
3.52%Sustainable APY
$116.1MTVL
Low · 17Risk score (0–100)
76Opportunity score
GoodLiquidity
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.
Main risk dimensions
- Liquidity: 21
- Price oracle: 18
- Protocol: 17
Where the yield comes from
- Borrower interest: 3.52% (100%)
Key dependencies
- Steakhouse Financial (curator)
- Morpho (protocol family)
- Circle (issuer)
Governance and control
- 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
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