4.72%APY
4.72%Sustainable APY
$410.8MTVL
Low · 16Risk score (0–100)
82Opportunity score
GoodLiquidity
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.
Main risk dimensions
- Price oracle: 18
- Protocol: 17
- Stablecoin: 16
Where the yield comes from
- Borrower interest: 4.72% (100%)
Key dependencies
- Gauntlet (curator)
- Morpho (protocol family)
- Circle (issuer)
Governance and control
- 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
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