Morpho Blue vs SparkLend: PYUSD yields compared
Morpho Blue has 3 qualifying PYUSD pools ($627.2M) and SparkLend has 1 ($77.8M). The best 30-day average is 7.08% on Morpho Blue (Ethereum) versus 0.90% on SparkLend (Ethereum).
Typical pools pay about 6.16% on Morpho Blue and 0.90% on SparkLend; Morpho Blue holds more PYUSD in pools that pass our filters.
Last updated · refreshes hourly · Data: DefiLlama ↗
Morpho Blue best
7.08%
SENPYUSDPST · Ethereum
SparkLend best
0.90%
PYUSD · Ethereum
Morpho Blue TVL
$627.2M
3 pools · median 6.16%
SparkLend TVL
$77.8M
1 pools · median 0.90%
Every qualifying pool, ranked
4 options match
- 1
Morpho Blue
SENPYUSDPST · Ethereum
7.08%30d avg
Now 7.00%TVL $72.9MSteadyDetails
- Reward tokens
- 1.42% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Morpho Blue website ↗
- 2
Morpho Blue
SENPYUSDPRIMEV2 · Ethereum
6.16%30d avg
Now 5.39%TVL $210.7MFallingDetails
- Reward tokens
- 1.95% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Morpho Blue website ↗
- 3
Morpho Blue
SENPYUSDMAIN · Ethereum
5.52%30d avg
Now 5.74%TVL $343.6MSteadyDetails
- Reward tokens
- 3.22% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Morpho Blue website ↗
- 4
SparkLend
PYUSD · Ethereum
0.90%30d avg
Now 0.80%TVL $77.8MSteadyDetails
Education, not financial advice. Rates change; DeFi carries smart-contract and depeg risk. Do your own research.
Questions
Which pays more on PYUSD, Morpho Blue or SparkLend?
Right now Morpho Blue's best PYUSD pool has the higher 30-day average (7.08%, SENPYUSDPST on Ethereum) against 0.90% for SparkLend. Comparing typical pools instead of the best one: Morpho Blue 6.16%, SparkLend 0.90%.
Which has more PYUSD deposited?
Across pools that pass our filters, Morpho Blue holds $627.2M and SparkLend holds $77.8M. More deposits mean more people trust the pool, but not that it is safe.
How are the pools chosen?
We include every PYUSD 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?
Hourly, from DefiLlama. Last updated Nov 2, 2026, 03:27 UTC. If the two protocols stop having 3+ qualifying pools between them, this page is removed.
Learn more
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