Morpho V1 Markets

Blockchain
Name
Rating
1. Counterparty risk
2. Credit Risk
3. Operational Risk
Platform Grade
Market Grade
Adjusted Asset Grade

Ethereum

cbBTC/USDC (86%)

A

AA

A

A

A

A

Ethereum

PT-USDS-14AUG2025/USDC (91.5%)

BB

BB

B

A

A

BB

BB

Ethereum

mF-ONE/USDC (91.5%)

B

BB

CC

B

B

B

Ethereum

csUSDL/USDC (91.5%)

A

A

A

A

A

A

A

Ethereum

WBTC/USDC (86%)

A

AA

A

A

A

A

Ethereum

wstETH/USDC (86%)

A

A

A

AA

A

A

Ethereum

liUSD-1w/USDC (86%)

CC

CC

B

B

BB

CC

Ethereum

iUSD/USDC (91.5%)

CC

CC

BB

B

A

CC

Ethereum

siUSD/USDC (91.5%)

CC

CC

BB

B

A

CC

Ethereum

PT-iUSD-4SEP2025/USDC (91.5%)

CC

CC

BB

B

A

A

CC

Ethereum

PAXG/PYUSD (77%)

A

A

A

A

A

A

Ethereum

sUSDe/USDC (91.5%)

B

B

B

BB

A

B

Ethereum

PT-sUSDE-25SEP2025/USDC (91.5%)

B

B

B

BB

A

A

B

Ethereum

syrupUSDC/USDC (91.5%)

CC

CC

B

B

BB

CC

Ethereum

PT-syrupUSDC-28AUG2025/USDC (86%)

CC

CC

B

B

A

BB

CC

Ethereum

slvlUSD/USDC (91.5%)

CC

CC

A

B

CC

CC

Ethereum

lvlUSD/USDC (91.5%)

CC

CC

A

B

CC

CC

Base

PT-USR-25SEP2025/USDC (91.5%)

CC

CC

B

B

A

BB

CC

Ethereum

PT-sUSDE-25SEP2025/USDC (91.5%)

B

B

B

BB

A

A

B

Ethereum

PT-cUSDO-20NOV2025/USDC (91.5%)

BB

A

A

BB

A

BB

BB

Ethereum

USR/USDC (91.5%)

CC

CC

B

B

A

CC

Ethereum

wstUSR/USDC (91.5%)

CC

CC

B

B

A

CC

Ethereum

srUSD/USDC (91.5%)

CC

CC

B

B

CC

CC

Ethereum

srUSD/rUSD (98%)

CC

CC

B

B

AA

CC

Ethereum

PT-wsrUSD-30OCT2025/USDC (91.5%)

CC

CC

B

B

A

BB

CC

Katana

LBTC/vbUSDC (86%)

B

B

B

A

BB

B

Base

cbBTC/USDC (86%)

A

AA

A

A

A

A

Base

WETH/USDC (86%)

A

AA

AA

AA

A

AA

Base

cbETH/USDC (86%)

A

AA

A

A

A

A

Base

wstETH/USDC (86%)

A

A

A

AA

A

A

Ethereum

PT-syrupUSDC-30OCT25/USDC (91.5%)

CC

CC

B

B

A

BB

CC

Ethereum

PT-sUSDE-27NOV2025/USDC (91.5%)

B

B

B

BB

A

A

B

Ethereum

LBTC/USDC (86%)

B

B

B

A

BB

B

Ethereum

PT-PendleInfiniFi-siUSD-9OCT2025/USDC (91.5%)

CC

CC

BB

B

A

A

CC

Ethereum

PT-USDe-27NOV2025/USDC (91.5%)

B

B

B

BB

A

A

B

Ethereum

PT-rUSD-30OCT2025/USDC (91.5%)

CC

CC

B

B

A

BB

CC

Ethereum

wsrUSD/USDC (91.5%)

CC

CC

B

B

A

CC

Ethereum

PT-csUSDL-30OCT2025/USDC (91.5%)

BB

A

A

A

A

BB

A

Ethereum

stUSD/USDC (96.5%)

B

B

A

B

BB

B

Ethereum

USCC/USDC (91.5%)

BB

A

B

A

BB

A

Ethereum

tBTC/USDC (77%)

BB

BB

A

A

A

BB

Ethereum

wsrUSD/USDT (94.5%)

CC

CC

B

B

A

CC

Ethereum

sUSDe/USDT (91.5%)

B

B

B

BB

A

B

Ethereum

PT-wsrUSD-30OCT2025/USDT (91.5%)

CC

CC

B

B

A

BB

CC

Ethereum

sUSDe/USDtb (91.5%)

B

B

B

BB

A

B

Ethereum

WBTC/USDT (86%)

A

AA

A

A

A

A

Ethereum

wstETH/USDT (86%)

A

A

A

AA

A

A

Ethereum

csUSDL/USDT (96.5%)

A

A

A

A

A

A

A

Ethereum

PT-USDE-25SEP2025/USDT (91.5%)

B

B

B

BB

A

A

B

Ethereum

PT-cUSDO-20NOV2025/USDT (91.5%)

BB

A

A

BB

A

BB

BB

Ethereum

PT-csUSDL-30OCT2025/USDT (91.5%)

BB

A

A

A

A

BB

A

Ethereum

sUSDS/USDT (96.5%)

B

BB

B

A

B

B

Ethereum

PT-sUSDE-25SEP2025/USDT (91.5%)

B

B

B

BB

A

A

B

Ethereum

PT-sUSDE-27NOV2025/USDT (91.5%)

B

B

B

BB

A

A

B

Ethereum

syrupUSDC/USDT (91.5%)

CC

CC

B

B

BB

CC

Ethereum

USR/USDT (91.5%)

CC

CC

B

B

A

CC

Ethereum

PT-syrupUSDC-28AUG2025/USDT (91.5%)

CC

CC

B

B

A

BB

CC

Ethereum

PT-syrupUSDC-30OCT2025/USDT (91.5%)

CC

CC

B

B

A

BB

CC

Ethereum

PT-USDe-27NOV2025/USDT (91.5%)

B

B

B

BB

A

A

B

Ethereum

stUSD/USDT (96.5%)

B

B

A

B

BB

B

Ethereum

PT-rUSD-30OCT2025/USDT (91.5%)

CC

CC

B

B

A

BB

CC

Ethereum

XAUt/USDT (77%)

BB

BB

BB

BB

A

BB

Ethereum

srUSD/rUSD (98%)

CC

CC

B

B

AA

CC

Ethereum

PT-wsrUSD-30OCT2025/rUSD (91.5%)

CC

CC

B

B

A

BB

CC

Ethereum

PT-rUSD-30OCT2025/rUSD (91.5%)

CC

CC

B

B

A

BB

CC

Ethereum

WBTC/rUSD (86%)

A

AA

A

A

A

A

Ethereum

wstETH/rUSD (86%)

A

A

A

AA

A

A

Ethereum

wstETH/WETH (96.5%)

A

A

A

AA

A

A

Ethereum

wstETH/WETH (94.5%)

A

A

A

AA

A

A

Ethereum

WBTC/WETH (91.5%)

A

AA

A

A

A

A

Ethereum

cbBTC/WETH (91.5%)

A

AA

A

A

A

A

Ethereum

WBTC/wUSDL (86%)

A

AA

A

A

A

A

Ethereum

wstETH/wUSDL (86%)

A

A

A

AA

A

A

Ethereum

csUSDC/wUSDL (96.5%)

A

A

A

A

A

A

A

Ethereum

cbBTC/wUSDL (86%)

A

AA

A

A

A

A

Ethereum

PAXG/wUSDL (77%)

A

A

A

A

A

A

Base

steakSUSDS/USDC (96.5%)

BB

BB

BB

A

A

A

BB

Base

LBTC/USDC (86%)

B

B

B

A

BB

B

Base

weETH/USDC (77%)

BB

A

BB

AA

BB

A

Base

AERO/USDC (62.5%)

BB

BB

B

A

A

BB

Base

PT-USDe-11DEC2025/USDC (91.5%)

B

B

B

BB

A

A

B

Base

cUSDO/USDC (91.5%)

BB

A

A

BB

BB

BB

Base

USR/USDC (91.5%)

CC

CC

B

B

A

CC

Ethereum

PT-iUSD-4DEC2025/USDC (91.5%)

CC

CC

BB

B

A

A

CC

Katana

vbWBTC/vbUSDC (86%)

A

AA

A

A

A

A

A

Katana

vbETH/vbUSDC (86%)

A

AA

AA

AA

A

A

AA

Katana

BTCK/vbUSDC (86%)

B

B

A

B

BB

B

Katana

POL/vbUSDC (77%)

BB

BB

B

A

A

BB

Base

wsrUSD/USDC (91.5%)

CC

CC

B

B

CC

CC

Katana

vbWBTC/AUSD (86%)

A

AA

A

A

A

A

A

Katana

BTCK/AUSD (77%)

B

B

A

B

BB

B

Katana

LBTC/AUSD (86%)

B

B

B

A

BB

B

Katana

vbETH/AUSD (86%)

A

AA

AA

AA

A

A

AA

Katana

wstETH/AUSD 86%

CC

A

A

AA

CC

A

Ethereum

wstETH/PYUSD (86%)

A

A

A

AA

A

A

Ethereum

WBTC/PYUSD (86%)

A

AA

A

A

A

A

Ethereum

wUSDL/PYUSD (98%)

A

A

A

A

A

A

Base

cbBTC/EURC (86%)

A

AA

A

A

A

A

Base

cbETH/EURC (86%)

A

AA

A

A

A

A

Base

wstETH/EURC (86%)

A

A

A

AA

A

A

Base

WETH/EURC (86%)

A

AA

AA

AA

A

AA

Base

stEUR/USDA (86%)

B

B

BB

B

A

B

Base

wstETH/USDA (86%)

A

A

A

AA

A

A

Base

WETH/USDA (86%)

A

AA

AA

AA

A

AA

Base

cbETH/USDA (86%)

A

AA

A

A

A

A

Base

cbETH/EURA (86%)

A

AA

A

A

A

A

Base

wstETH/EURA (86%)

A

A

A

AA

A

A

Base

WETH/EURA (86%)

A

AA

AA

AA

A

AA

Base

stUSD/EURA (86%)

B

B

A

B

A

B

Base

cbBTC/sUSDS (86%)

A

AA

A

A

A

A

Base

wstETH/sUSDS (86%)

A

A

A

AA

A

A

Ethereum

PT-USDe-27NOV2025/USDtb (91.5%)

B

B

B

BB

A

BB

B

Ethereum

PT-sUSDE-27NOV2025/USDtb (91.5%)

B

B

B

BB

A

BB

B

Ethereum

PT-sUSDE-25SEP2025/UStb (91.5%)

B

B

B

BB

A

BB

B

Ethereum

sUSDS/USDtb (91.5%)

BB

BB

B

A

A

BB

Ethereum

PT-USDE-25SEP2025/USDtb (91.5%)

B

B

B

BB

A

BB

B

Ethereum

sUSDe/USDtb (91.5%)

B

B

B

BB

A

B

Ethereum

USDe/USDtb (91.5%)

B

B

B

BB

BB

B

Ethereum

weETH/wstETH (94.5%)

BB

A

BB

AA

BB

A

Ethereum

rsETH/wstETH (94.5%)

CC

CC

B

A

BB

CC

Ethereum

rsETH

CC

CC

B

A

BB

CC

Ethereum

ynETHx/wstETH (91.5%)

CC

CC

B

A

BB

CC

Ethereum

ynETHx

CC

CC

B

A

BB

CC

Ethereum

ezETH/wstETH (94.5%)

CC

CC

B

A

BB

CC

Ethereum

ezETH

CC

CC

B

A

BB

CC

Ethereum

bbqWSTETH/WETH (94.5%)

A

A

BB

A

A

A

A

Ethereum

ezETH/WETH (94.5%)

CC

CC

B

A

BB

CC

Ethereum

rsETH/WETH (94.5%)

CC

CC

B

A

BB

CC

Ethereum

ynETHx/WETH (91.5%)

CC

CC

B

A

BB

CC

Ethereum

weETH/WETH (94.5%)

BB

A

BB

AA

BB

A

Base

wstETH/WETH (94.5%)

A

A

A

AA

A

A

Base

wstETH/WETH (96.5%)

A

A

A

AA

A

A

Base

wstETH/WETH (94.5%)

A

A

A

AA

A

A

Base

cbETH/WETH (96.5%)

A

AA

A

A

A

A

Base

cbETH/WETH (94.5%)

A

AA

A

A

A

A

Base

cbBTC/WETH (91.5%)

A

AA

A

A

A

A

Unichain

wstETH/WETH (96.5%)

A

A

A

AA

A

A

Ethereum

wstETH/EURCV (86%)

A

A

A

AA

A

A

Ethereum

cbBTC/EURCV (86%)

A

AA

A

A

A

A

Ethereum

wstETH/WBTC (86%)

A

A

A

AA

A

A

Ethereum

LBTC/cbBTC (94.5%)

B

B

B

A

BB

B

Ethereum

sUSDe/DAI (91.5%)

B

B

B

BB

A

B

Ethereum

sUSDe/DAI (86%)

B

B

B

BB

A

B

Ethereum

sUSDe/DAI (94.5%)

B

B

B

BB

BB

B

Ethereum

USDe/DAI (86%)

B

B

B

BB

A

B

Ethereum

USDe/DAI (91.5%)

B

B

B

BB

A

B

Ethereum

PT-siUSD-8JAN2026/USDC (91.5%)

CC

CC

BB

B

A

A

CC

Last pushed: 2025-10-30T04:39:32.151Z

Last updated