Morpho Vault Bridge WBTC DeFi Yield & Risk Rating
Morpho Vault Bridge WBTC is a lending vault on Ethereum that lends WBTC deposits across Morpho Blue markets as part of the Agglayer Vault Bridge infrastructure connecting L2 chains to Ethereum yield. Yield is generated from overcollateralized WBTC lending interest.
AUM
$15m
Net APY
0%
Active Users
18
Type
Vault
Network
Ethereum
B
Elevated RiskCeiling BBB-
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CurrentPotential
This rating is based solely on publicly available information. DeFi protocol risk assessed across Security, Strategy and Operations on the AAA–D scale. The range from B to BBB- reflects the gap between the current assessment and the potential rating achievable if all identified improvement areas are addressed.
SCSSmart Contract Security88
KMPKey Management Permissions92
MMarket60
LLiquidity63
CCollateral28
PMProtocol Mechanics63
ICEInfra Counterparty Exposures83
PCEProtocol Counterparty Exposures87
GGovernance100
FRFinancial Resilience56
TLCTeam Legal Compliance78
DTDocumentation Transparency67
Performance
Assets Under Management · 30D▼ 48.78%
$15m
Over the last 30 days, the total value of Morpho Vault Bridge WBTC has dropped 48.78% with $14.18M in outflows.
Net APY · 30D▲ 0.00%
0%
Over the last 30 days, the APY has increased from 0.00% to 0.00%.
Active Users · 30D▲ 5.88%
18
Over the last 30 days, active users have increased by 5.88%, reaching 18 wallets.
Market Details
ChainEthereum
Treasury$33.80M
Oracles UsedChainlink ↗
Asset ManagerGauntlet, Steakhouse Financial
Stated Withdrawal TimeInstant
Infrastructure ProviderMorpho
Component Ratings
Contract Addresses (5)
Key Strengths
S1Extensive audit coverage from top security firms, including formal verification of the core lending protocol.
S2Dual bug bounty programs with substantial maximum payouts covering both protocol versions and the web applications.
S3Immutable and deliberately compact core protocol with a non-upgradeable vault contract.
S4Strong key management: owner, guardian and curator multisigs verified on-chain, each with a comfortable signing threshold and a multi-day timelock on changes.
Key Risks
R1The loan asset depends on a wrapped-bitcoin custody arrangement whose governance changes have prompted other major venues to reduce exposure.
R2Both the loan asset and all borrower collateral are wrapped or derivative bitcoin assets, giving the vault layered custody dependencies with little room to diversify.
R3Each market relies on a single immutable oracle with no fallback feed, a structural consequence of the market design.
R4Monitoring detects issues but cannot trigger automated protective actions, and a recent third-party token failure showed automated allocation continuing to supply affected markets before manual intervention.
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