Morpho Blue vs Spark Savings: USDT yields compared
Morpho Blue has 8 qualifying USDT pools ($348.2M) and Spark Savings has 1 ($406.7M). The best 30-day average is 12.05% on Morpho Blue (Ethereum) versus 3.76% on Spark Savings (Ethereum).
Typical pools pay about 3.61% on Morpho Blue and 3.76% on Spark Savings; Spark Savings holds more USDT in pools that pass our filters. Median Safety Score: Morpho Blue 89/100, Spark Savings 75/100.
Last updated · refreshes every 6 hours (next ≈ 06:07 UTC) · Data: DefiLlama ↗
Morpho Blue best
12.05%
FCUSDT · Ethereum
Spark Savings best
3.76%
USDT · Ethereum
Morpho Blue TVL
$348.2M
8 pools · median safety 89
Spark Savings TVL
$406.7M
1 pools · median safety 75
Every qualifying pool, ranked
SafetyHow it's scored
9 options match
- 1
Morpho Blue
FCUSDT · Ethereum
12.05%30d avg
Now 10.11%TVL $39.2MVolatileDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%53$39M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%83APY has been steady: 30-day range 8.90%–15.35%, today 10.11% vs 30-day average 12.05%.
- Reward-token reliance · 10%4753% of today's rate is paid in reward tokens, which can fall in price or stop.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Reward tokens
- 5.32% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Morpho Blue website ↗
- 2
Morpho Blue
GTUSDTB · Stable
6.39%30d avg
Now 6.40%TVL $19.8MSteadySteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%43$20M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%95APY has been steady: today 6.40% vs 30-day average 6.39%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDTB's worst daily price in the past year was 0.46% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 3
Morpho Blue
BBQUSDT · Ethereum
4.22%30d avg
Now 3.78%TVL $20.1MFallingSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%43$20M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%83APY has been steady: today 3.78% vs 30-day average 4.22%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 4
Spark Savings
USDT · Ethereum
3.76%30d avg
Now 4.00%TVL $406.7MSteadySteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%71$1.3B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%87$407M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%28Listed on DefiLlama 1.1 years ago (full marks at 4 years).
- Audits · 12%0No audits listed on DefiLlama.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%91APY has been steady: today 4.00% vs 30-day average 3.76%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Moderate = 60–79. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 5
Morpho Blue
GUSDTQ · Ethereum
3.61%30d avg
Now 3.02%TVL $10.9MFallingSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%35$11M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%74APY moves around: today 3.02% vs 30-day average 3.61%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 6
Morpho Blue
STEAKUSDT · Ethereum
3.59%30d avg
Now 3.01%TVL $80.8MFallingSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%64$81M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%75APY moves around: today 3.01% vs 30-day average 3.59%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 7
Morpho Blue
SKYMONEYUSDTSAVINGS · Ethereum
3.48%30d avg
Now 3.19%TVL $59.0MSteadySteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%59$59M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%85APY has been steady: today 3.19% vs 30-day average 3.48%.
- Reward-token reliance · 10%7921% of today's rate is paid in reward tokens, which can fall in price or stop.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Reward tokens
- 0.66% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Morpho Blue website ↗
- 8
Morpho Blue
STEAKUSDT · Ethereum
3.42%30d avg
Now 2.85%TVL $77.9MFallingSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%63$78M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%74APY moves around: today 2.85% vs 30-day average 3.42%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 9
Morpho Blue
SPARKUSDTBC · Ethereum
3.22%30d avg
Now 2.70%TVL $40.5MFallingSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%54$41M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%75APY moves around: today 2.70% vs 30-day average 3.22%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDTB's worst daily price in the past year was 0.46% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
Education, not financial advice. Rates change; DeFi carries smart-contract and depeg risk. Do your own research.
Questions
Which pays more on USDT, Morpho Blue or Spark Savings?
Right now Morpho Blue's best USDT pool has the higher 30-day average (12.05%, FCUSDT on Ethereum) against 3.76% for Spark Savings. Comparing typical pools instead of the best one: Morpho Blue 3.61%, Spark Savings 3.76%.
Which is safer for USDT, Morpho Blue or Spark Savings?
Neither is risk-free. On our Safety Score the typical (median) Morpho Blue pool here scores 89/100 and the typical Spark Savings pool 75/100. Morpho Blue's top-paying pool scores 85/100 (Safer); Spark Savings's scores 75/100 (Moderate). Open any row for the factor-by-factor breakdown.
Which has more USDT deposited?
Across pools that pass our filters, Morpho Blue holds $348.2M and Spark Savings holds $406.7M. More deposits mean more people trust the pool, but not that it is safe.
How are the pools chosen?
We include every USDT pool from either protocol that passes our standard filters: single-asset stablecoin pools with no impermanent loss, at least $10.0M deposited, 30+ days of history and a rate no higher than 25%. Both protocols' versions are grouped together.
How often is this comparison updated?
Every 6 hours, from DefiLlama. Last updated Nov 2, 2026, 03:57 UTC. If the two protocols stop having 3+ qualifying pools between them, this page is removed.
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