This vault runs a leveraged yield loop on OUSD using Morpho's wOUSD/USDC market.

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Share token price

Other metrics

3M Sharpe
3.2
3M volatility
1.3%
Age
0.2 years
Maximum drawdown
-0.2%
Xerberus risk
56 / 100
Lockup period
Instant
Denomination

Performance and fees

1M3M6M1YLifetime
Gross Gross 6.5% 4.1% 4.1% 4.1% 4.1%
Performance fee Performance 10.0%10.0%10.0%10.0%10.0%
Management fee Management 0.5%0.5%0.5%0.5%0.5%
Deposit fee Deposit 0.2%0.2%0.2%0.2%0.2%
Withdrawal fee Withdrawal 0.0%0.0%0.0%0.0%0.0%
Net Net 4.0% 2.9% 2.9% 2.9% 2.9%

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

About the vault

This vault runs a leveraged yield loop on OUSD using Morpho's wOUSD/USDC market. It deposits wrapped OUSD as collateral, borrows USDC, and redeploys it into OUSD — cycling the position to amplify yield. Leverage is adjusted dynamically based on borrowing costs and collateral conditions, and all rewards are automatically compounded.

Curated by Byzantine Finance

This vault is curated by Byzantine Finance.

Byzantine Finance offers institutional digital credit products for corporate treasuries.

View all Byzantine Finance vaults

Running on IPOR Fusion protocol

This vault is running on IPOR Fusion:

Meta DeFi aggregation, execution and intelligence engine for on-chain asset management.

View all IPOR Fusion vaults
Xerberus logo

Xerberus risk rating

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Returns and period details

MetricWeekMonth3 months6 monthsYearLifetime
Ranking overall------------------
Ranking on Ethereum#597#341#484#487#489#527
Ranking on IPOR Fusion#32#22#24#23#25#25
CAGR (net)-12.8% 4.0% 2.9% 2.9% 2.9% 2.9%
CAGR (gross)-3.2%6.5%4.1%4.1%4.1%4.1%
Returns (net)-0.3% 0.3% 0.5% 0.5% 0.5% 0.5%
Returns (gross)-0.1%0.5%0.7%0.7%0.7%0.7%
Sharpe ratio-7.223.703.203.203.203.20
Max drawdown-0.1%-0.1%-0.2%-0.2%-0.2%-0.2%

Technical Details

Vault nameOrigin Protocol wOUSD Leverage Loop
Vault address0xf373a4d4d200d709aa73d4e0be49b822b0cc866d
Chain Ethereum (1)
Denomination Circle USDC (USDC)
Exchange rate used1 USDC = $1.0000 fetched
Share tokeniporwOUSD
ProtocolIPOR Fusion
HomepageView vault on protocol website
Current TVL43,267.232 USDC
Peak TVL43,267.232 USDC
Last share price1.015 USDC
Last updated
Last updated block25,847,564
Data refreshed at
Data starts2026-06-23 00:00:00 UTC
Fee modeInternalised minting
Fees internalisedYes
Featuresipor_like
Flags---
Whitelist statusPermissionless
Deposit statusOpen
Redemption statusOpen
Deposit/redemption events10

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