morpho
Morpho Alpha USDC Core
Morpho · Vault · Ethereum

Morpho Alpha USDC Core 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
$284k
Net APY
6.26%
Active Users
107
Type
Vault
Network
Ethereum
Performance
Assets Under Management · 30D▼ 26.54%
$284k
Over the last 30 days, the total value of Morpho Alpha USDC Core has dropped 26.54% with $102.51K in outflows.
Net APY · 30D▲ 26.46%
6.26%
Over the last 30 days, the APY has increased from 4.95% to 6.26%.
Active Users · 30D▼ 6.96%
107
Over the last 30 days, active users have decreased by 6.96%, reaching 107 wallets.
Vault StrategySource: vaults.fyi · Updated Nov 4, 2026
Deployed100%
Markets2
Wtd APY11.01%
Other collateral100.0%
TapClick a tile for market details
Deployed100%
Active markets2
Largest marketCarryTradeUSDTRYLeverage / USDC · 99.7%
LLTV range62.5% – 91.5%
Market utilization85% – 89.1%
Weighted supply APY11.01%

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.

CarryTradeUSDTRYLeverage
CarryTradeUSDTRYLeverage / USDC
99.74%$283.03k of vault deposits
Supply APY11.02%
APY contribution10.99%
Utilization85.0%
LLTV62.5%
Liq. penalty12.67%
Market size$2.57m
Market ID0xa5f6...bd3f
Contract Addresses (1)
Smart Contract0xb0f0...504BA9

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