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Morpho V1 — Staking Pools & DeFi Yield
Explore all yield opportunities on Morpho V1 — 100 active pools across 6 blockchains with a combined TVL of $9.25B. Find the best Morpho V1 pool for your risk profile and start earning passive DeFi income today.
Get Exchange BonusProtocol Overview
Total Pools
100
Total TVL
$9.25B
Best APY
11.85%
Chains
6
Stable Pools
54
Buy Crypto to Stake on Morpho V1
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Top Morpho V1 Pools
The table below shows up to 20 of Morpho V1's highest-TVL pools. Click any pool for its full APY history, risk analysis, and step-by-step staking guide.
| Pool | Chain | APY | TVL | Tags |
|---|---|---|---|---|
| CBBTC | Base | 0.00% | $2.21B | |
| STEAKUSDC | Base | 4.07% | $572.69M | Stable |
| CBBTC | Ethereum | 0.00% | $491.49M | |
| WSTETH | Ethereum | 0.00% | $464.73M | |
| GTUSDCP | Base | 4.08% | $354.39M | Stable |
| STEAKUSDC | Base | 4.07% | $283.29M | Stable |
| WBTC | Ethereum | 0.00% | $258.29M | |
| SENPYUSDMAIN | Ethereum | 6.44% | $185.04M | Stable |
| SENPYUSD | Ethereum | 3.19% | $185.04M | Stable |
| SUSDS | Ethereum | 0.00% | $179.91M | Stable |
| STEAKUSDC | Ethereum | 3.40% | $170.50M | Stable |
| GTUSDC | Ethereum | 3.58% | $162.44M | Stable |
| SUSDE | Ethereum | 0.00% | $156.97M | Stable |
| WETH | Base | 0.00% | $129.40M | |
| STEAKUSDT | Ethereum | 5.09% | $123.63M | Stable |
| GTUSDCF | Ethereum | 5.19% | $117.69M | Stable |
| GTUSDCP | Ethereum | 3.55% | $117.31M | Stable |
| STEAKUSDC | Base | 4.07% | $104.23M | Stable |
| SKYMONEYUSDTSAVINGS | Ethereum | 6.51% | $96.08M | Stable |
| WSTETH | Ethereum | 0.00% | $86.77M |
About Morpho V1
Morpho V1 is a decentralized finance protocol operating across 6 blockchains including Base, Ethereum, Hyperliquid L1. The protocol enables crypto holders to earn yield through automated smart contracts — no custodians, no KYC, and full transparency via on-chain data.
With $9.25B in total TVL across 100 pools, Morpho V1 represents a significant segment of the DeFi yield landscape. Users interact directly with the protocol's smart contracts via any compatible Web3 wallet, maintaining full custody of their assets throughout.
How Morpho V1 Generates Yield
Morpho V1 creates yield for depositors through primarily stablecoin-focused pool mechanics. Yield sources include trading fees from every swap routed through liquidity pools, interest paid by borrowers in lending markets, and protocol incentive distributions to attract and retain liquidity. The specific yield source varies by pool — check each pool's APY breakdown (Base APY vs. Reward APY) to understand where the yield comes from.
Base APY represents sustainable fee income; Reward APY comes from token incentives that can change as protocol programs evolve. For long-term positions, prioritize pools with strong base APY. For short-term yield farming, high-reward-APY pools can be lucrative if entered and exited strategically before incentive programs wind down.
Morpho V1 Across Blockchains
Morpho V1 is deployed on 6 chains: Base, Ethereum, Hyperliquid L1, Katana, Monad, Arbitrum. Each deployment offers different pools, liquidity levels, and gas costs. The Ethereum mainnet deployment has the deepest liquidity but higher gas costs. Layer 2 deployments offer similar opportunities with significantly lower transaction costs. Choose the chain that best matches your position size and fee tolerance.
Security & Risk Profile
Before depositing into any Morpho V1 pool, assess the specific risks. Pools with the IL tag involve multi-asset positions where price divergence can reduce your effective return. Pools with the Stable tag use stablecoin assets, minimizing price volatility risk on your principal. All DeFi pools carry inherent smart contract risk — verify Morpho V1's audit status from their official documentation before depositing large amounts.
| Pool Type | APY Range | IL Risk | Recommended For |
|---|---|---|---|
| Stablecoin pools | 3–15% typical | None | Conservative yield, capital preservation |
| Single-asset pools | Varies | None | Yield on existing holdings without ratio risk |
| Multi-asset AMM pools | Higher | Moderate–High | Active yield farmers comfortable with IL |
How to Use Morpho V1 Effectively
To maximize returns on Morpho V1: start with pools that have high TVL (lower exit slippage), check whether APY is fee-based or emission-based, and review the protocol's incentive program timeline. For multi-asset pools, calculate your expected IL at various price scenarios before committing — many DeFi calculators are available online for this purpose.
For tax purposes, each reward claim from Morpho V1 pools is typically a taxable event in most jurisdictions. Keep records of your deposits, withdrawals, and reward harvests with timestamps and USD values at the time of each transaction.
Frequently Asked Questions
What is Morpho V1?
Morpho V1 is a DeFi protocol offering 100 yield pools across 6 blockchain networks. It enables crypto holders to earn passive yield through stablecoin pools, liquidity provision, and protocol incentives. Total TVL across all Morpho V1 pools is $9.25B.
What is the best APY on Morpho V1?
The highest current APY on Morpho V1 tracked by APY Hub is 11.85%. Rates vary by pool and change daily based on utilization, trading volume, and incentive programs. Browse all Morpho V1 pools sorted by APY to find the current best opportunity.
How do I stake on Morpho V1?
To start earning on Morpho V1: acquire the required tokens from an exchange, set up a Base wallet, visit the official Morpho V1 app, connect your wallet, select a pool, and deposit. Your yield begins accruing immediately with no lockup period in most pools.
Is Morpho V1 audited and safe?
Most established DeFi protocols like Morpho V1 conduct regular security audits. Verify audit status on the official Morpho V1 documentation or their GitHub repository. The protocol's TVL of $9.25B indicates significant user trust, but always check audits and never invest more than you can afford to lose.
On which blockchains does Morpho V1 operate?
Morpho V1 is deployed on Base, Ethereum, Hyperliquid L1, Katana, Monad and 1 more chains. Cross-chain deployments allow users to access Morpho V1 pools on the chain with the most suitable fees and liquidity for their needs.
Morpho V1 Tokens Available on These Exchanges
Affiliate disclosure: APY Hub may earn a commission from partner links on this page. Bonuses and rates are subject to each exchange's terms; verify current offers before depositing.
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