Ethena USDe (USDE) on Morpho Blue: APY, TVL and history
2 liquid USDE pools on Morpho Blue (Lending) across 2 chains. app.morpho.org ↗
4.66%
Best APY
4.66%
30d avg, largest pool
$688.0M
Liquidity
2
Pools
2
Audits listed
| Pool | APY | 30d avg | TVL ▾ | 30d | Risk | Chain | |
|---|---|---|---|---|---|---|---|
| USDE Morpho Blue | 4.75% base 0.00% + reward 4.75% | 4.66% | $362.8M | — | Stable Single Reward-heavy Down | Base | Deposit ↗ |
| USDE Morpho Blue | 4.75% base 0.00% + reward 4.75% | 4.66% | $325.1M | — | Stable Single Reward-heavy Down | Robinhood Chain | Deposit ↗ |
APY history USDE on Base, largest pool, 90 days
APYBase APY (without rewards)60 daily points
About Morpho Blue
Morpho Blue is a trustless and efficient lending primitive with permissionless market creation
USDE elsewhere
- Aave V3best 5.45% · $1.05B
- Kamino Lendbest 0.00% · $259.7M
- Curve DEXbest 5.93% · $35.3M
- Convex Financebest 4.41% · $33.9M
- Jupiter Lendbest 4.75% · $21.4M
- Uniswap V3best 12.45% · $5.8M
- Orca DEXbest 2.45% · $4.7M
- Accountablebest 0.00% · $2.4M
- Uniswap V4best 5.41% · $2.4M
- Fluid DEXbest 1.00% · $1.7M
- Aave V4best 2.93% · $1.5M
Questions people ask
What APY does Morpho Blue pay on USDE?
Right now the best USDE pool on Morpho Blue pays 4.66% APY with $688.0M of liquidity. 2 pools are tracked for this pair; the table above lists every one with its chain and 30-day average.
On which chains can I deposit USDE into Morpho Blue?
Base, Robinhood Chain. Pick the chain where you already hold USDE to avoid bridge fees; our bridge list covers the rest.
Is Morpho Blue a safe place for USDE?
Morpho Blue is a lending protocol with 2 listed audit(s). Large TVL and a long track record lower risk but do not remove it: smart-contract bugs, oracle failures and governance changes can all cost depositors money. Never deposit more than you can lose.