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.
** Single-asset stablecoin book (100% USDC) concentrated on Base lending via Spark protocol. Accepts blue-chip collateral (cbBTC, WETH, wstETH) with low complexity (2/100) and moderate risk (39/100). Core strategy: 60% lending, 40% stablecoin exposure.
** $305.9M pinned to one Base vault creates severe chain concentration risk. Ethereum satellites ($1.3M combined) are negligible. One vault routes through Morpho Blue unmarked. No diversification across assets or protocols—entirely dependent on Base ecosystem stability and Spark lending mechanics.