What to check before you supply
Where the yield comes from, what stands behind it, and the four things worth verifying first.
The yield is interest, not emissions
A supplied dollar earns what borrowers pay on it and nothing else. When utilisation is 55% and the borrow rate is 6%, the supply rate is roughly 3.3% before the reserve factor. If a rate on this site cannot be rebuilt from utilisation and the borrow curve, treat it as wrong.
What actually holds the deposit
The deposit sits on Morpho Blue, which is immutable. We curate markets and set parameters on top of it. That split matters: we can list badly, but we cannot reach into settlement and move your balance.
Four things to verify
The vault address against the explorer. The belt and LLTV of every market your deposit is exposed to. The utilisation, because withdrawal is instant only while liquidity is there. And the oracle addresses, which are the single most load-bearing thing in a lending market.
The honest risks
A bad oracle can create bad debt faster than a liquidation can clear it. An isolated market limits that loss to one market, it does not remove it. Utilisation above 90% means withdrawal waits for a repayment or a liquidation, which is a delay, not a default.