YieldTruth · morpho-blue · Ethereum · as of 2026-08-15 02:09 UTC
▲ SHORT-VOL CARRY Grade C

Is the YOG-USDC-V2 yield on morpho-blue real?

You're being paid 9.70% to absorb price risk. Only ~9.00% of it is real fees (the other ~7% is decaying emissions) — and they stop covering impermanent loss if YOG-USDC-V2 diverges more than ±142%.

REAL 93%
EMISSIONS 7%

Real fee/staking yield: 9.00% · token emissions: 7% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±142% move in YOG-USDC-V2 erases a full year of the fees you actually keep (~9.00%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY
9.70%
Real yield (fees)
9.00%
TVL
$2.3M
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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