Morini USDC Emerging Yield | Morpho vault

Morpho has flagged this vault not_whitelisted

Rank

#209 overall
#88 on

Ethereum
#8 on

Morpho

Strategies used by vault

Share token price

Max

3M ann. gross returns

Total value locked

$499.8K

peak $747.2K

3M Sharpe

26.8

3M volatility

0.3%

Other metrics

3M Sharpe

26.8

3M volatility

0.3%

Age

0.2 years

0.0%

Xerberus risk

Lockup period

Instant

Denomination

USDC

Performance and fees

	1M	3M	6M	1Y	Lifetime
Gross Gross	9.4%	---	---	---	9.7%
Performance fee* Performance*	10.0%	10.0%	10.0%	10.0%	10.0%
Management fee* Management*	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit fee Deposit	0.0%	0.0%	0.0%	0.0%	0.0%
Withdrawal fee Withdrawal	0.0%	0.0%	0.0%	0.0%	0.0%
Net Net	9.4%	---	---	---	9.7%

* Internalised fees are reflected in the share price. One-time deposit and withdrawal fees may still affect net returns.

Running on Morpho protocol

This vault is running on Morpho:

Morpho is a decentralised lending protocol where curators run USDC, ETH and other lending vaults on Ethereum, Base and more than 40 other networks.

View all Morpho vaults

Xerberus risk rating

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Visit Xerberus to view the full protocol risk rating.

CORE3 risk rating

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Risk rating by CORE3 for Morpho. CORE3's Probability of Loss is a protocol-level risk measure. It does not assess the performance of this individual vault.

Probability of Loss	31.35
Confidence	High
CORE3 rank	#44

Data coverage	76.7%
Category	Decentralized Finance
Market cap	$1.4B

Risk score by category

Sub-scores run 0–100 — lower is better.

Security 79
Financial 57
Operational 24
Reputational 59
Regulatory 50

View full rating on the CORE3 website

Notes

Under review: the vault lends against collateral without a liquid DEX market, valued by its issuer's NAV or oracle. Our automated investability checks have not reached a consistent verdict, so the vault is not blacklisted. Check the collateral and the withdrawable liquidity before depositing.

Returns and period details

Metric	Week	Month	3 months	6 months	Year	Lifetime
Ranking overall	#252	#209	---	---	---	#270
Ranking on Ethereum	#112	#88	---	---	---	#89
Ranking on Morpho	#14	#8	---	---	---	#5
CAGR (net)	8.8%	9.4%	---	---	---	9.7%
CAGR (gross)	8.8%	9.4%	---	---	---	9.7%
Returns (net)	0.2%	0.7%	1.6%	1.6%	1.6%	1.6%
Returns (gross)	0.2%	0.7%	1.6%	1.6%	1.6%	1.6%
Sharpe ratio	---	66.85	26.79	26.79	26.79	26.79
Max drawdown	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Access and updates

You can deposit to this vault on Morpho.

View on Morpho

If any information is incorrect or needs updating, contact the Trading Strategy team.

Contact on Discord

Technical details

Vault name	Morini USDC Emerging Yield
Vault address	0x58e0f0b81576f23c5f002d949b2bb11a5d2714d6
Chain	Ethereum (1)
Denomination	Circle USDC (USDC)
Exchange rate used	1 USDC = $0.999479 fetched 1 day ago
Share token	morUSDCemerging
Protocol	Morpho
Homepage	View vault on protocol website
Current TVL	500,069.251 USDC
Peak TVL	747,568.449 USDC
Last share price	1.021 USDC
Last updated	2026-11-10 21:01 UTC (about 10 hours ago)
Last updated block	26,387,069
Data refreshed at	2026-11-11 03:58 UTC (about 3 hours ago)
Data starts	2026-09-08 14:52:47 UTC
Fee mode	Internalised (performance fee taken from closed positions)
Fees internalised	Yes
Features	morpho_v2_like
Strategy tags	fx, lending
Flags	review_needed
Whitelist status	Permissionless
Deposit status	Open
Redemption status	Open
Deposit/redemption events	106

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