Morpho is a decentralized lending protocol that powers the Earn feature in Utorg app. It allows crypto assets to be supplied to on-chain lending markets, where they can generate yield from borrowing activity.
How does Morpho work with Earn?
When you deposit supported assets into Earn, your funds are allocated to a Morpho Vault. Morpho Vaults supply assets to selected on-chain lending markets according to predefined strategies. Interest generated through these markets is reflected in the yield you earn on your deposited assets.
You don't need to interact with Morpho directly — you can deposit, track, and withdraw your assets through the Earn section in the app.
Where does the yield come from?
The yield comes primarily from interest paid by borrowers in Morpho lending markets. The displayed APY (Annual Percentage Yield) is variable and may increase or decrease depending on market conditions, including borrowing demand and available liquidity.
Is the APY guaranteed?
No. APY is variable and is not guaranteed. The rate displayed in the app represents the current estimated annualized yield and can change over time.
Are there any risks?
Earn uses decentralized finance (DeFi) protocols and involves certain risks, including:
Smart contract risk
Market and liquidity risk
Risks related to the assets and lending markets used by the vault
Changes in APY
Before depositing assets into Earn, make sure you understand the associated risks.
Do I need a Morpho account?
No. You don't need to create a Morpho account or use the Morpho interface separately. You can access the available Earn functionality directly through the app.