Morpho Blue
Lending app — deposit your token, earn interest from people who borrow it.
51% on Ethereum · also on 17 other chains
Chains
18
Live yield options
629
Best reward rate
5.44%
Live since
2024
Where it runs
Available on 18 chains
-
01
Ethereum
→$3.83Billion
value held
-
02
Base
→$2.83Billion
value held
-
03
Hyperliquid L1
→$326Million
value held
-
04
Katana
→$199Million
value held
-
05
Monad
→$170Million
value held
-
06
Arbitrum
→$58.6Million
value held
-
07
Flare
→$47.9Million
value held
-
08
Sei
→$25.7Million
value held
-
09
World Chain
→$19.7Million
value held
-
10
Polygon
→$8.69Million
value held
-
11
Plume Mainnet
→$8.26Million
value held
-
12
ST Stable→
$5.76Million
value held
-
13
Etherlink
→$3.57Million
value held
-
14
Hemi
→$2.67Million
value held
-
15
Unichain
→$2.65Million
value held
+ 3 more chains where this app holds smaller positions.
Earn here · live yield options
Yields available on Morpho Blue
629 live options — yields range 2.58% to 5.44% per year, with a median of 4.04%.
-
01
morpho-blue - CBBTC Base
CBBTC
Reward
—
→Pool size
$2.38Billion
-
02
morpho-blue - WSTETH Ethereum
WSTETH
Reward
—
→Pool size
$728Million
-
03
morpho-blue - CBBTC Ethereum
CBBTC
Reward
—
→Pool size
$532Million
-
04
morpho-blue - STEAKUSDC Base
STEAKUSDC
Reward
4.04%
→Pool size
$469Million
-
05
morpho-blue - STEAKUSDC Base
STEAKUSDC
Reward
4.01%
→Pool size
$295Million
-
06
morpho-blue - WBTC Ethereum
WBTC
Reward
—
→Pool size
$294Million
All 629 yield options on Morpho Blue Expand →
| Option | Chain | Reward | Pool size |
|---|---|---|---|
| morpho-blue - CBBTC | Base | 0.0% | $2.38Billion |
| morpho-blue - WSTETH | Ethereum | 0.0% | $728Million |
| morpho-blue - CBBTC | Ethereum | 0.0% | $532Million |
| morpho-blue - STEAKUSDC | Base | 4.04% | $469Million |
| morpho-blue - STEAKUSDC | Base | 4.01% | $295Million |
| morpho-blue - WBTC | Ethereum | 0.0% | $294Million |
| morpho-blue - SUSDE | Ethereum | 0.0% | $138Million |
| morpho-blue - WETH | Base | 0.0% | $136Million |
| morpho-blue - STEAKUSDC | Ethereum | 4.43% | $131Million |
| morpho-blue - SUSDS | Ethereum | 0.0% | $121Million |
| morpho-blue - STEAKUSDC | Base | 4.02% | $110Million |
| morpho-blue - WBTC | Ethereum | 0.0% | $109Million |
| morpho-blue - WSTETH | Ethereum | 0.0% | $106Million |
| morpho-blue - GTUSDCP | Ethereum | 3.95% | $98.5Million |
| morpho-blue - KHYPE | Hyperliquid L1 | 0.0% | $94.8Million |
| morpho-blue - WEETH | Ethereum | 0.0% | $90.2Million |
| morpho-blue - WSTETH | Ethereum | 0.0% | $89.6Million |
| morpho-blue - STEAKUSDTBETHENA | Ethereum | 5.15% | $85.2Million |
| morpho-blue - SUSDE | Ethereum | 0.0% | $82.1Million |
| morpho-blue - AA-FALCONXUSDC | Ethereum | 0.0% | $76.4Million |
| morpho-blue - WSRUSD | Ethereum | 0.0% | $69.5Million |
| morpho-blue - CBXRP | Base | 0.0% | $67.1Million |
| morpho-blue - WEETH | Ethereum | 0.0% | $62.3Million |
| morpho-blue - GTUSDT | Katana | 3.6% | $60.8Million |
| morpho-blue - STEAKUSDC | Ethereum | 3.91% | $57Million |
| morpho-blue - STEAKETH | Monad | 4.29% | $54.9Million |
| morpho-blue - WEETH | Katana | 0.0% | $53Million |
| morpho-blue - SYRUPUSDC | Ethereum | 0.0% | $52.8Million |
| morpho-blue - WEETH | Ethereum | 0.0% | $50.8Million |
| morpho-blue - KHYPE | Hyperliquid L1 | 0.0% | $50.5Million |
| morpho-blue - WSTETH | Monad | 0.0% | $45.9Million |
| morpho-blue - CBBTC | Ethereum | 0.0% | $40.7Million |
| morpho-blue - STEAKUSDC | Katana | 2.58% | $36Million |
| morpho-blue - LBTC | Ethereum | 0.0% | $35.4Million |
| morpho-blue - CBBTC | Ethereum | 0.0% | $35.2Million |
| morpho-blue - PT-APYUSD-18JUN2026 | Ethereum | 0.0% | $33.4Million |
| morpho-blue - MSY | Ethereum | 0.0% | $30.4Million |
| morpho-blue - PT-APXUSD-18JUN2026 | Ethereum | 0.0% | $25.6Million |
| morpho-blue - MF-ONE | Ethereum | 0.0% | $25.5Million |
| morpho-blue - STCUSD | Ethereum | 0.0% | $24.6Million |
| morpho-blue - SUSDAT | Ethereum | 0.0% | $24.4Million |
| morpho-blue - KHYPE | Hyperliquid L1 | 0.0% | $23.4Million |
| morpho-blue - WBTC | Monad | 0.0% | $22.6Million |
| morpho-blue - VBWBTC | Katana | 0.0% | $21.4Million |
| morpho-blue - STUSDS | Ethereum | 0.0% | $19.5Million |
| morpho-blue - WSTETH | Ethereum | 0.0% | $18.6Million |
| morpho-blue - WBTC | Monad | 0.0% | $18.6Million |
| morpho-blue - KPK-USDC-PRIMEV2 | Ethereum | 4.14% | $18.3Million |
| morpho-blue - FEUSDC | Hyperliquid L1 | 5.44% | $18.2Million |
| morpho-blue - SYRUPUSDC | Ethereum | 0.0% | $17.7Million |
How it works
Using Morpho Blue in three steps
-
1
Deposit your token
Pick a token you already hold, send it to the lending app's smart contract. You keep custody — your tokens just sit in a pool earning interest.
-
2
Earn interest
Other people borrow against your deposit. The interest they pay flows back to you, accruing in real time.
-
3
Withdraw whenever
No lock-up. You can pull your tokens (plus accrued interest) any time the pool has free liquidity.
Read up
About Morpho Blue
Description provided by the protocol team. Always verify directly before depositing funds.
Tokens earning here
Top tokens earning yield through Morpho Blue
Compare similar apps
Other lending apps worth a look
Frequently asked
What people ask about Morpho Blue
What is Morpho Blue?
+
Morpho Blue is an on-chain app. Lending app — deposit your token, earn interest from people who borrow it.
Is using Morpho Blue safe?
+
Morpho Blue has 2 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.
How much can I earn?
+
Right now yields on Morpho Blue run 2.6%–5.4% per year, depending on which pool you pick and which chain you use. Rates change with demand.
Which chains does it run on?
+
Morpho Blue runs on 18 chains, including Ethereum, Base, Hyperliquid L1, Katana, Monad. Each chain has its own fees and speeds — pick the one you already use.
Figures are reference values aggregated from public sources and refresh hourly. Always confirm directly before depositing funds.
See also
Terms used on this page
-
Smart Contract
Code on a blockchain that runs automatically when called. DeFi protocols are smart contracts — bugs in the code can lose user funds.
-
Audit
An independent security review of a smart contract. More audits and longer track record reduce — but never eliminate — code risk.
-
Impermanent Loss
A loss LP providers experience when the two pool tokens diverge in price. The loss only crystallises if you withdraw at that ratio.
-
Oracle
An on-chain feed of off-chain data — usually prices. Lending and CDP protocols rely on oracles to liquidate positions correctly.
-
TVL (Total Value Locked)
The total dollar value of assets currently deposited in a DeFi protocol. A rough proxy for adoption and trust.