YieldTruth · morpho-blue · Katana · as of 2026-07-20 04:31 UTC

◑ SUBSIDIZED Grade C

Is the YMVOG-VBUSDT yield on morpho-blue real?

About 79% of this 7.85% APY is decaying token emissions. The real fee yield is ~1.64%. This pool is short volatility — fees stop covering impermanent loss if YMVOG-VBUSDT diverges more than ±44%.

REAL 21%

EMISSIONS 79%

Real fee/staking yield: 1.64% · token emissions: 79% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±44% move in YMVOG-VBUSDT erases a full year of the fees you actually keep (~1.64%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY

7.85%

Real yield (fees)

1.64%

TVL

$1.5M

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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