YieldTruth · morpho-blue · Ethereum · as of 2026-07-01 05:18 UTC
▲ SHORT-VOL CARRY Grade C

Is the KPK-ETH-PRIME yield on morpho-blue real?

You're being paid 1.91% to absorb price risk. Only ~1.91% of it is real fees — and they stop covering impermanent loss if KPK-ETH-PRIME diverges more than ±48%.

REAL 100%

Real fee/staking yield: 1.91% · token emissions: 0% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±48% move in KPK-ETH-PRIME erases a full year of the fees you actually keep (~1.91%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY
1.91%
Real yield (fees)
1.91%
TVL
$2.7M
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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