Morpho Blue USDE on Base: APY, DeFi Score & 14-day forecast

Live APY

4.75%

30-day mean APY

4.79%

Base APY

0.00%

Reward APY

4.75%

TVL

$391.41M

Data as of October 5, 2026. Source: DefiLlama pool data; score and forecast computed by DeFi Garden.

DeFi Score

Score 78.7 / 100

• Yield stability33.5 / 35
• Sustainability12.1 / 25
• Capital stickiness21.2 / 25
• Exit liquidity11.8 / 15

The score blends four pillars computed by DeFi Garden from DefiLlama history and a forecasting model. It is a model output, not a guarantee. How the score and forecast are computed

14-day forecast band

Model forecast for the next 14 days: median 4.77%, range 4.65% to 5.14% (p10 to p90).

Read: the model expects the rate to stay roughly flat, from 4.75% today to about 4.77%.

Low crash risk

This is a model forecast built from past data, not a promise. Actual rates can land outside the range.

APY history and forecast

• Observed APY
• Forecast median
• Forecast p10 to p90

Solid line: daily APY from DefiLlama. Shaded area: the model's p10 to p90 range, drawn as a straight fan from today's rate to the end of the forecast horizon (not daily quantiles). Dashed line: the model's median path.

What produces this yield

4.75% (100% of the total) comes from reward tokens the protocol emits to attract deposits. Emissions can be cut or end.

Exposure: a single asset.

DefiLlama flags no impermanent-loss risk for this pool.

Who can access it

Permissionless — anyone with a wallet

This project is not on DeFi Garden's list of restricted (KYC or accredited-only) projects. The protocol's own terms and regional restrictions can still apply.

Withdrawal notes

Exit liquidity pillar: 11.8 / 15, with $391.41M in the pool.

The model projects TVL of $410.14M in 14 days (+4.8%).

Lock-ups, cooldowns and withdrawal queues are set by the protocol's contracts and are not in the DefiLlama feed. Check the protocol's documentation before depositing.

Risks

• Smart-contract risk: a bug or exploit in the protocol or its dependencies can lose deposited funds.
• Reward decay: 100% of the headline APY is paid in emitted tokens, which can shrink or stop.