DeFi on Tempo

Morpho lending?

Morpho lending

Each vault takes one stablecoin, shown under Deposit: you deposit and withdraw only that token. The vault lends it in Morpho markets, each backed by one type of collateral; a vault can use several markets, listed under Collateral with each market’s LLTV, the loan-to-value at which a borrower is liquidated. Vault names link to the Tempo explorer.

Assets: what each vault manages now (totalAssets), including earned yield; not cumulative deposits. Borrowed: the vault’s share of what borrowers have taken from its markets (allocation × utilization; borrowers borrow from markets, not the vault). Idle: the share of assets sitting in the vault, not supplied to any market. Hover Borrowed for the rest of what it supplied.

Withdrawable now: idle, plus, for a vault with a liquidity adapter, what that adapter can pull back from its market (the vault’s claim, capped by the market’s unborrowed cash). Without a liquidity adapter, supplied funds need a curator deallocation first. Vaults sharing a market share its cash, so these figures do not add up across vaults.

Yields are under Where to earn. Unlisted vaults are deployed but not shown in the Morpho app. Every Morpho vault on Tempo is checked; one is shown when it takes a token listed above and holds at least $1,000 (agents.md counts the rest).

90d: assets at the end of each UTC day, ending now; each row has its own scale.

Vaults under $100K in assets are hidden (Tempo Earn, Gauntlet pathUSD Frontier) but counted in the totals. agents.md lists every vault.

cbBTC/pathUSD market: $67K supplied, 35% borrowed, 1.16% borrow APY.

cbBTC/OUSD market: $3K supplied, 93% borrowed, 3.87% borrow APY.

Where to earn?

Where to earn

Each way to earn on a token, from chain state: the Morpho vaults above and the Morpho markets they lend in, which anyone can supply directly. Grouped by deposit token.

Yield 30d: what a depositor actually earned over the last 30 days, annualized, read from chain: the growth of the vault’s share price, or of the market’s supply share price. After fees, before reward campaigns. A dash means it is under 30 days old.

With rewards: the Morpho API’s 30-day net APY including public reward campaigns, which pay out separately and whose eligibility can vary. The gap between the two columns is the rewards.

Withdrawable now: for a vault, as above; for a market, its unborrowed cash. Past yield is not a forecast; not investment advice.

DEX?

DEX

What a swap costs, in basis points (1 bp = 0.01%), using the better of Tempo’s two venues for each amount. Cost compares what you receive with what it is worth at the prices this page values tokens at: $1 for dollar stablecoins, the market FX rate for non-USD ones, the Morpho API price for PRIME and cbBTC. So it includes the spread, fee and price impact, and a pool priced away from the market counts too; a minus means you receive more than the tokens are worth. The network transaction fee is excluded. A dash means neither venue can fill that much.

USD stablecoins: every direction between them, swapping $10K of the row’s token into the column’s. Hover a cell for $100 and $1.0M, the venue and, where read, the depth within 1%. Tokens with no swap route at any size are named under the grid instead.

Other pairs: by amount of the token you swap from (in USD); hover a figure for the amount received and its venue. Within 1%: the largest swap that moves no more than 1% from the venue’s own starting price, on one venue (depth, so it ignores how far that price is from the market). Pairs that cannot fill $1K either way are not shown (pathUSD/GBPA, pathUSD/cbBTC).

Enshrined DEX: Tempo’s built-in order books, quoted by the DEX itself, which routes through intermediate books when needed (one fill per book); no fee beyond the order price. It trades USD stablecoins only. Uniswap v4: simulated from each pool’s on-chain state including its fee, best single pool per amount; only pools between assets this page tracks, without hooks, fees up to 1%. A router splitting across venues can do slightly better.

Mid vs pathUSD: each dollar stablecoin’s mid price against pathUSD, the token every Tempo book ultimately quotes against, from the best venue’s $10K quotes in both directions; in basis points. “Under $10K”: no venue fills that much both ways, so a small pool cannot set the price.

FX: each non-USD stablecoin’s market rate (the ECB reference rate) in the market’s usual quote, beside Tempo’s rate: the mid of the better venue’s $100 quotes both ways, and the gap in basis points. “No market”: no venue can fill $100 both ways.

Volume: on-chain fills and swaps over the last 24 hours. A swap routed through two enshrined books counts on both. Beside each venue, daily volume over 90 days (UTC days; the last point is the last 24 hours). Trades: distinct transactions; traders: distinct signing accounts. “One N%”: a single account made that share of the volume.

Flows 7 days to 1 November 2026?

Flows

Money moving onto and off Tempo over the last 7 complete UTC days, from on-chain events, in USD at this page’s prices.

Bridged: transfers of EURC.e, OUSD, PRIME, USDC.e, USDT0, cbBTC, pathUSD through LayerZero, Chainlink CCIP and the intent bridges Across and Relay, by the chain on the other side, all protocols together (Relay does not record the other chain on Tempo, so it is its own row). Not included: tokens an issuer moves between chains by burning here and minting there, such as OUSD to Base, which show under Issued on Tempo with no destination. In: arrivals (the bridge mints on Tempo); out: departures (it burns). Every bridge contract on Tempo is found from its events; those whose token this page tracks are counted. Chains are named only where the id is certain. Chains under $100K in the week are summed as Other chains (agents.md lists each). The note under the table names chains where one Tempo address made at least half the volume.

Issued on Tempo: tokens their issuer mints and burns here, so they arrive without a bridge and the other side (another chain or a bank) is not on-chain. Net is the change in supply; minted and burned are gross, and a payment rail that mints on deposit and burns on payout makes them much larger than net. Mints and burns: transaction counts; thousands a week alongside a small net is the payment-rail pattern. The accounts that sign them are in agents.md (addresses only; no issuer is named from the chain).

The line: cumulative net over 30 days, on one scale per table (zero included), so lines compare in size.

One address made 71% of Solana’s, 51% of Polygon’s and 97% of Arbitrum’s volume.