4.24%APY
4.24%Sustainable APY
$433.9MTVL
Low · 23Risk score (0–100)
71Opportunity score
FairLiquidity
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.
Main risk dimensions
- Liquidity: 32
- Price oracle: 18
- Protocol: 17
Where the yield comes from
- Borrower interest: 4.24% (100%)
Key dependencies
- SparkDAO (curator)
- Morpho (protocol family)
- Circle (issuer)
Governance and control
- 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
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