Underlying asset
Morpho cbBTC/USDC
Issued by Pendle (a wrapper over Morpho Blue). The facts below were checked on the date shown, from the sources listed.
Morpho cbBTC/USDC is issued by Pendle (a wrapper over Morpho Blue). What stands behind it: over-collateralised lending. How it is redeemed is not documented in a source that meets the standard.
Facts
- Issuer
- Pendle (a wrapper over Morpho Blue)
- What stands behind it
- over-collateralised lending
- Strategy
- loans to borrowers who post crypto collateral
- Valued in
- USD
- Position in the capital stack
- not a tranche
- Who has to keep a promise
- code on chain
- Redemption
- redemption not documented
- Who can change it
- a multisig (Safe) · 3 of 5 signatures · three signatures, no timelock 0x7877adfaded756f3248a0ebfe8ac2e2ef87b75ac (Base)
- Audits
- not found in a source that meets the standard
- Bug bounty
- not found in a source that meets the standard
- Depends on
- none recorded
- Chains
- Base
- Checked
- 2026-09-22, from the issuer's own documents
- Sources
- https://docs.morpho.org/learn/concepts/market/
https://docs.morpho.org/learn/concepts/blue/
Pendle markets on it
No live Pendle market on this asset as of 6 Oct 2026.
Not found
What the research has not answered for this asset, said rather than left blank.
- How it is redeemed.
- How long redemption takes at worst.
- A named audit report, with a link.
- A public bug bounty programme.
- Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.