Why is the mwUSDC Safety Score 73/100?

The score is calculated based on asset stability, protocol audit history, and chain security, then adjusted for liquidity depth ($31,740,955) and utilisation rates.

Safety Audit: mwUSDC on Morpho

Baseline Composition 63.33 pts

mwUSDC

Asset Strength

Morpho

Protocol Trust

Base

Chain Security

We start with a weighted average of the asset, protocol, and chain reputation scores.

Safety Score Calculation Methodology

Base Score (Typically 60-80 pts)

Weighted Average Formula:
Base = (Asset Score × 0.4) + (Protocol Score × 0.4) + (Chain Score × 0.2)

Risk Penalties

Low TVL (<$1M): -5 to -15 pts
Very High Util (>90%): -10 pts (withdrawal risk)
Extreme APY (>15%): -5 to -10 pts (volatility risk)
Smart Contract Risk: -20 pts if audits are outdated

Deep Dive DeFi Risk Audit Report

Smart Contract Integrity

Our audit algorithm prioritises technical risk vectors. For Morpho, the Safety Score of 73.33 reflects the robustness of the codebase. We specifically analyse time-lock delays and admin key controls, which are vital for preventing 'rug pulls'.

Liquidity Solvency

The liquidity depth currently stands at $31,740,955. For potential entrants, this volume serves as a primary buffer against volatility, ensuring that typical retail exits can occur without impactful price deviation. In the event of a market downturn, deep liquidity acts as a shock absorber.

Utilisation Dynamics

The pool maintains an optimal utilisation equilibrium of 79.83%. This indicates a healthy balance between borrowing demand and lending supply, ensuring yields remain competitive without compromising solvency. This metric is the heartbeat of the lending market; deviations from the 40-80% range often signal inefficiency or impending liquidity crunches.

Understanding DeFi Risks

What is Smart Contract Risk? Smart contract risk refers to the possibility of bugs or vulnerabilities in the code governing the protocol. Even audited protocols can suffer exploits if unforeseen vectors are discovered.

What is Financial Risk? Financial risk involves market factors like liquidity crises (inability to withdraw) or asset de-pegging. Our score penalizes low liquidity pools to account for this.

Is the Safety Score a guarantee? No. The score is a probabilistic assessment based on historical data and current metrics. It cannot predict "black swan" events or zero-day exploits.

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Source: DeFiStar.io (2026). "DeFi Yield Analytics". Analytics by MooniTooki. Ref: DFS-260123-1201-ef65. Retrieved 23 Jan 2026, 12:01 UTC

Data Source: Internal indexer. Active Tracking verified at: 23 Jan 2026, 12:00 UTC.
Disclaimer: This audit is an automated analysis tool for educational purposes. Smart contract risk is never zero. Always conduct your own due diligence (DYOR) before depositing funds. Terms of Service apply.

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