Morpho on Base
Every Morpho vault and market listed on Base, with live rates. Money on Base stays on Base: its vaults lend only to markets on the same network. Contracts can be checked on the Base block explorer.
Data from Morpho's API · updated
Supplied in markets
$2.29B
63 markets
Borrowed
$2.06B
89.9% of supply
Deposited in vaults
$2.11B
54 vaults
Collateral posted
$4.16B
backing the loans
Best vault yields on Base
Highest net APY with at least $1M deposited
Cheapest borrowing on Base
Lowest borrow APY with at least $250K available
| Market | Borrow APY |
|---|---|
| LBTC / cbBTCBase · LLTV 91.5% | 0.07% |
| cbETH / WETHBase · LLTV 94.5% | 1.66% |
| wstETH / WETHBase · LLTV 94.5% | 1.71% |
| cbBTC / EURCBase · LLTV 86% | 3.03% |
| USDe / USDCBase · LLTV 91.5% | 4.06% |
| cbBTC / USDCBase · LLTV 86% | 4.80% |
Largest vaults on Base
The top 15 of 54 by deposits
| Vault | Net APY |
|---|---|
| Steakhouse Prime USDCV2Steakhouse Financial · Base · $444.1M | 4.31% |
| Steakhouse High Yield USDC EditionV2Steakhouse Financial · Base · $442.2M | 2.85% |
| Gauntlet USDC PrimeGauntlet · Base · $415.1M | 4.31% |
| Spark USDC VaultSparkDAO · Base · $307.1M | 3.87% |
| Gauntlet USDC PrimeV2Gauntlet · Base · $178.8M | 4.31% |
| Steakhouse USDCSteakhouse Financial · Base · $126.7M | 3.22% |
| Clearstar cbAssets VaultV2Clearstar · Base · $37.62M | 5.72%incl. 1.70% rewards |
| Ethena x Steakhouse USDCV2Steakhouse Financial · Base · $30.87M | 4.48% |
| Steakhouse High Yield USDCV2Steakhouse Financial · Base · $27.47M | 4.79% |
| Steakhouse Prime USDCSteakhouse Financial · Base · $19.42M | 4.09% |
| Pangolins USDCPangolins · Base · $12.43M | 3.87% |
| Clearstar Core ETHV2Clearstar · Base · $8.53M | 3.50%incl. 2.00% rewards |
| Metronome msETH VaultGauntlet · Base · $8.42M | 0.01% |
| Gauntlet USDC FrontierV2Gauntlet · Base · $4.60M | 5.34% |
| Moonwell Flagship ETHAnthias Labs · Base · $4.30M | 1.60%incl. 0.12% rewards |
Largest markets on Base
The top 15 of 63 by supply
| Market | Supply APY | Borrow APY |
|---|---|---|
| cbBTC / USDCBase · LLTV 86% | 4.31% | 4.80% |
| USDe / USDCBase · LLTV 91.5% | 3.64% | 4.06% |
| WETH / USDCBase · LLTV 86% | 4.32% | 4.83% |
| cbXRP / USDCBase · LLTV 62.5% | 5.48% | 6.13% |
| mGLO / USDCBase · LLTV 91.5% | 4.99% | 5.55% |
| cbETH / USDCBase · LLTV 77% | 4.31% | 4.83% |
| cbETH / WETHBase · LLTV 94.5% | 1.49% | 1.66% |
| wstETH / WETHBase · LLTV 94.5% | 1.54% | 1.71% |
| SOL / USDCBase · LLTV 62.5% | 4.93% | 5.57% |
| cbBTC / EURCBase · LLTV 86% | 2.43% | 3.03% |
| sUSN / USDCBase · LLTV 91.5% | 5.96% | 6.42% |
| JitoSOL / USDCBase · LLTV 62.5% | 5.39% | 6.05% |
| cbETH / USDCBase · LLTV 86% | 4.39% | 4.89% |
| cbDOGE / USDCBase · LLTV 62.5% | 5.42% | 6.16% |
| cbADA / USDCBase · LLTV 62.5% | 5.47% | 6.12% |
Morpho on Base: quick answers
How big is Morpho on Base?
$2.29B is supplied and $2.06B borrowed across 63 markets listed in the Morpho app on Base, and 54 vaults hold $2.11B.
What is the best vault yield on Morpho Base?
Among vaults with at least $1M deposited, Noon Ecosystem Vault pays the most right now: 10.48% net APY. The largest vault, Steakhouse Prime USDC, pays 4.31%.
Where is borrowing cheapest on Morpho Base?
cbBTC against LBTC costs 0.07% a year, the lowest among markets with at least $250K available to borrow.
What is the largest Morpho market on Base?
cbBTC / USDC with $1.65B supplied. Borrowers there pay 4.80% and lenders earn 4.31%.
Other networks: Ethereum, Robinhood Chain, Arc, Monad, HyperEVM, Katana, Stable, Tempo. Or compare them all on the networks page.