4.73%APY
4.73%Sustainable APY
$2.0MTVL
Moderate · 31Risk score (0–100)
61Opportunity score
FairLiquidity
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.
Main risk dimensions
- Liquidity: 44
- Yield durability: 31
- Smart contracts: 19
Where the yield comes from
- Borrower interest: 4.73% (100%)
Key dependencies
- Galaxy Curation (curator)
- Morpho (protocol family)
- Circle (issuer)
Governance and control
- 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
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