Morpho Spark USDC Vault DeFi Yield & Risk Rating
Morpho Vaults allocate deposits to underlying Morpho overcollateralized lending markets. Deposited assets earn yield from interest paid by borrowers and additional liquidity mining incentives. A vault "curator" is responsible for setting the allocations of each vault by enabling/disabling underlying Morpho lending markets and setting the supply cap on each underlying market.
AUM
$486m
Net APY
4.5%
Active Users
6k
Type
Vault
Network
Base
Performance
Assets Under Management · 30D▲ 46.29%
$486m
Over the last 30 days, the total value of Morpho Spark USDC Vault has grown 46.29% with $153.91M in inflows.
Net APY · 30D▲ 15.09%
4.5%
Over the last 30 days, the APY has increased from 3.91% to 4.50%.
Active Users · 30D▼ 2.72%
6k
Over the last 30 days, active users have decreased by 2.72%, reaching 6.3K wallets.
Vault StrategySource: vaults.fyi · Updated Nov 3, 2026
Deployed100%
Markets1
Wtd APY4.94%
BTC collateral100.0%
TapClick a tile for market detailsDeployed100%
Active markets1
Largest marketcbBTC / USDC · 100.0%
LLTV range86%
Market utilization90.1%
Weighted supply APY4.94%
Weighted supply APY is the live lending rate across the vault's markets, before the vault fee, so it can differ from the Net APY above.
100.00%$486.37m of vault deposits
Supply APY4.94%
APY contribution4.94%
Utilization90.1%
LLTV86%
Liq. penalty4.38%
Market size$1.80b
Market ID0x9103...1836
Contract Addresses (1)
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