YieldTruth · morpho-blue · Ethereum · as of 2026-07-23 04:10 UTC
◑ SUBSIDIZED Grade D

Is the PT-USD3-17DEC2026 yield on morpho-blue real?

About 100% of this 2.01% APY is decaying token emissions. The real fee yield is ~0.00%. This pool is short volatility — a two-token pair, so impermanent loss can quietly erode your return.

EMISSIONS 100%

Real fee/staking yield: 0.00% · token emissions: 100% of the headline.

👜 Would you be better off just holding?

Most of this headline is fading emissions, not income. Judge the pool on what you'd actually keep — ~0.00% — not the advertised APY.

Headline APY
2.01%
Real yield (fees)
0.00%
TVL
$15M
Impermanent-loss risk
yes
▶ Open the live interactive verdict

Source: DefiLlama. Verdict is a heuristic over public data, not financial advice.

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