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
$2.61B
71 markets
Borrowed
$2.24B
85.8% of supply
Deposited in vaults
$2.47B
58 vaults
Collateral posted
$3.81B
backing the loans
Best vault yields on Base
Highest net APY with at least $1M deposited
| Vault | Net APY |
|---|---|
| Noon Ecosystem VaultBase · Clearstar | 8.76%incl. 4.33% rewards |
| Gauntlet EURC BalancedBase · Gauntlet | 6.88% |
| KPK USDC YieldBase · KPK | 6.61%incl. 0.65% rewards |
| Steakhouse EURCBase · Steakhouse Financial | 6.53% |
| Steakhouse Prime EURCBase · Steakhouse Financial | 6.53% |
| Clearstar cbAssets VaultBase · Clearstar | 6.07%incl. 1.40% rewards |
Cheapest borrowing on Base
Lowest borrow APY among markets in use with $250K+ to borrow
| Market | Borrow APY |
|---|---|
| wstETH / WETHBase · LLTV 94.5% | 1.71% |
| cbETH / WETHBase · LLTV 94.5% | 1.75% |
| USDe / USDCBase · LLTV 91.5% | 4.65% |
| cbBTC / USDCBase · LLTV 86% | 5.33% |
| wstETH / USDCBase · LLTV 86% | 5.33% |
| WETH / USDCBase · LLTV 86% | 5.34% |
Largest vaults on Base
The top 15 of 58 by deposits
Largest markets on Base
The top 15 of 71 by supply
| Market | Supply APY | Borrow APY |
|---|---|---|
| cbBTC / USDCBase · LLTV 86% | 4.52% | 5.33% |
| USDe / USDCBase · LLTV 91.5% | 4.10% | 4.65% |
| WETH / USDCBase · LLTV 86% | 4.52% | 5.34% |
| mGLO / USDCBase · LLTV 91.5% | 4.99% | 5.56% |
| cbXRP / USDCBase · LLTV 62.5% | 5.67% | 6.69% |
| cbETH / USDCBase · LLTV 77% | 4.53% | 5.36% |
| SOL / USDCBase · LLTV 62.5% | 4.90% | 5.71% |
| cbETH / WETHBase · LLTV 94.5% | 1.57% | 1.75% |
| mGLO / USDCBase · LLTV 91.5% | 4.62% | 5.59% |
| cbBTC / EURCBase · LLTV 86% | 6.88% | 7.37% |
| wstETH / WETHBase · LLTV 94.5% | 1.54% | 1.71% |
| JitoSOL / USDCBase · LLTV 62.5% | 5.60% | 6.24% |
| sUSN / USDCBase · LLTV 91.5% | 5.23% | 5.85% |
| cbZEC / USDCBase · LLTV 62.5% | 5.67% | 6.51% |
| savUSD / USDCBase · LLTV 91.5% | 6.47%+0.93% rewards | 7.21% |
Morpho on Base: quick answers
How big is Morpho on Base?
$2.61B is supplied and $2.24B borrowed across 71 markets listed in the Morpho app on Base, and 58 vaults hold $2.47B.
What is the best vault yield on Morpho Base?
Among vaults with at least $1M deposited, Noon Ecosystem Vault pays the most right now: 8.76% net APY (4.33% of it in token rewards, which can stop at any time). The largest vault, Grove x Steakhouse USDC, pays 4.52% net APY.
Where is borrowing cheapest on Morpho Base?
WETH against wstETH costs 1.71% a year, the lowest among markets in use with at least $250K left to borrow.
What is the largest Morpho market on Base?
cbBTC / USDC with $1.90B supplied. Borrowers there pay 5.33% and lenders earn 4.52%.
Other networks: Ethereum, Robinhood Chain, Arc, Arbitrum, Monad, HyperEVM, Tempo, Stable. Or compare them all on the networks page.