Convex Finance vs Morpho

Across the 7 assets both pay yield on, Convex Finance pays more on 5 of them. Convex Finance is non-custodial DeFi; Morpho is non-custodial DeFi. All yields below are live.

Updated 27 Sep 2026, 03:00 UTC

Convex Finance

DeFi · risk B

11.7%

best of 49 live yields

Non-custodial

Morpho

DeFi · risk A

5.50%

best of 131 live yields

Non-custodial

Head to head

Best live APY

11.7%best

5.50%

Live assets

Breadth of assets they pay yield on

Live yields

131best

Custody model

DeFi = non-custodial, on-chain; CeFi = a custodial earn account

DeFi

Best risk grade

A = lower risk, D = higher risk

Same asset, best live APY on each

AssetConvex FinanceMorpho

Which should you earn on?

Earn on Convex Finance

Pays more on 5 of the 7 shared assets, up to 11.7%.

Earn on Morpho

Better risk grade (A vs B).
Deeper liquidity ($5.4B TVL vs $380M).

Not sure? Pick your asset and risk tier and we rank the highest live yield that actually fits across both of these and every other platform. See how we rank.

More head-to-heads

Convex Finance vs Curve DEX Curve DEX vs Morpho Convex Finance vs Stake DAO Yield Beefy vs Convex Finance Aave V3 vs Morpho Beefy vs Morpho