More USDT exists than there are US dollars in the M0 base of several mid-sized countries.
More USDT exists than there are US dollars in the M0 base of several mid-sized countries.
Live data sourced from Morpho Blue API.
Plain-English read on what kind of book this curator runs and how it's currently positioned. Synthesized from their tracked vault footprint — no off-chain reputation claims.
** Pure stablecoin book across two L2s (Base 77%, HyperEVM 23%) with 50/50 split between passive stablecoin holding and Morpho Blue lending. Low complexity (35/100) and moderate risk (27/100) profile. Yields 5.24% cap-weighted despite zero diversification into volatile assets.
** Structural concentration: both vaults funnel USDC directly into unmapped Morpho Blue markets with no disclosed collateral transparency. $3.7M cbMaxxxing vault (77% of TVL) carries identical risk rating as smaller HyperEVM vault despite higher APY, suggesting either unequal leverage or hidden underlyings. No layer 1 presence; full exposure to Base ecosystem and HyperEVM chain stability.