YieldTruth · morpho-blue · Katana · as of 2026-09-04 05:17 UTC
▲ SHORT-VOL CARRY Grade C

Is the YOG-ETH yield on morpho-blue real?

You're being paid 1.72% to absorb price risk. Only ~1.55% of it is real fees (the other ~10% is decaying emissions) — and they stop covering impermanent loss if YOG-ETH diverges more than ±43%.

REAL 90%
EMISSIONS 10%

Real fee/staking yield: 1.55% · token emissions: 10% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±43% move in YOG-ETH erases a full year of the fees you actually keep (~1.55%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY
1.72%
Real yield (fees)
1.55%
TVL
$6.8M
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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