Indexed rates
Each point is an indexed window, not a daily price. The path can fall. It is not a forecast.
defi · Treasury & cash · Ethereum
Api3 Core USDC
av:defi:eth:v2:e222e53b:v1
Api3 Core USDC focuses on conservative lending against the highest-quality collateral available. By limiting exposure to well-established assets and recapturing liquidation incentives through Api3s oracle design the vault prioritizes capital preservation and stable returns across market conditions.
Enough is on the record to act on-chain
Curator, fee, timelock and indexed rates are present, and the index did not flag a severe warning. You can open the live deposit. You can lose what you deposit. This score is not a forecast and not a recommendation.
Score rank 102 of 199
- Public TVL
- $245,436
- Indexed net rate
- 7.48%
- Ex-rewards
- 7.48%
- Peer TVL rank
- 113 of 199 USDC
SmallerUSDC on EthereumLarger
Rank 113 of 199. Further right means a larger public figure, not a better vault.
Information only. Not investment advice, an offer, solicitation or endorsement. The decision score measures how complete the operating facts are. It is not a forecast, a safety rating or a recommendation to deposit.
Decision score
Each bar is a fact, weighted in the open. A high score means the record is more complete. It does not mean the vault will make money.
Identity100
Contract address, chain and asset are on the record.
Curator named100
Api3
Fee disclosed100
5.00% performance fee (indexed)
Timelock36
0.0 day delay on queued changes.
Idle liquidity0
0.0% of public TVL is marked liquid. Idle cash is not a promise you can exit in full.
Reward dependence100
Indexed net rate and the ex-rewards rate are nearly the same.
Warnings42
v2_warning_feed_not_in_index
Yield context100
Current and trailing average net rates. Neither is a forecast.
Public size10
Size is context. A larger vault is not a better one.
Written mandate100
A curator description was indexed and is quoted, not endorsed.
Where capital sits
Collateral behind the indexed supply. Markets are grouped. Small dust is omitted.
Allocation was not returned for this pull.
How capital moves
1 · You
Deposit USDC from your own wallet.
2 · Vault
Morpho Vault V2 share. Confirm the share token in the app before you treat it as an ERC-4626 claim.
3 · Strategy
Curated on-chain lending · Api3
4 · Exit
On-chain withdraw. A queue, cap or empty liquid balance can delay it. Instant liquidity is not implied.
Indexed liquidRest of public TVL
0.0% of TVL is the indexed liquid balance ($0). The rest is deployed and may not be withdrawable at once.
What can go wrong
Smart contract
A bug can lock or lose deposited assets.
ERC-4626 interface. An audit is not proof the code is safe, and this index does not attach audits.
Upgrade / admin
Roles may change fees, caps or where capital sits.
Timelock was not in the index.
Collateral
Borrowed asset is lent against collateral that can fall or freeze.
See the allocation chart. LLTV is a parameter, not a prediction.
Oracle
A bad price can distort liquidations in the underlying markets.
Oracle set is not enumerated in this feed.
Liquidity
A withdraw uses the vault’s liquid balance and the markets underneath.
Indexed liquid balance about $0.
Curator
Someone chooses the markets. That choice can be wrong.
Api3
Incentives
A displayed net rate can include rewards that end.
Compare the current rate with the ex-rewards rate on this page.
Warnings
The indexer may flag a known issue. Absence of a flag is not a clean bill of health.
v2_warning_feed_not_in_index
Operator
Api3
Curator · Allocator, fee and pause roles are not fully described by this market index.
“Api3 Core USDC focuses on conservative lending against the highest-quality collateral available. By limiting exposure to well-established assets and recapturing liquidation incentives through Api3s oracle design the vault prioritizes capital preservation and stable returns across market conditions.” Indexed curator text. Not written or checked by AltVaults.
- Fee
- 5.00% performance fee (indexed)
- Access
- Public DeFi access
- Standard
- Morpho Vault V2
- Contract
- 0xe2221aa07ec3266da87763e2b1e28d07a8a4e53b
How to read this record
What you would hold
Morpho Vault V2 share. Confirm the share token in the app before you treat it as an ERC-4626 claim. The operator on this record is Api3. The description above the fold is the curator’s own text.
How value gets in
Self-custodial deposit of USDC. Access is marked Public DeFi access. Fee on the record: 5.00% performance fee (indexed).
How value gets out
On-chain withdraw. A queue, cap or empty liquid balance can delay it. Instant liquidity is not implied. 0.0% of indexed TVL is currently marked liquid. A full exit can still wait on the markets underneath.
What would change the call
Timelock, Idle liquidity, Warnings, Public size sitting under 70 is the gap. Closing it does not make the vault a good investment. It makes the record easier to judge.
Public size against the nearest USDC vaults
Api3 Core USDC · this record
Adpend USDC
1337 USDC
Steakhouse Prime USDC
Gauntlet USDC Prime
If you decide to act
01
Check the gaps
Read any warning, the reward gap and the liquid share before you sign.
02
Use your own wallet
Open the live vault and deposit only what you can afford to lose. AltVaults does not take custody.
03
Keep the URL
This page is the record. The Morpho app is the venue. They are not the same organisation.
Record notes
- Asset USDC on Ethereum.
- Indexed curator: Api3.
- Historical period rates on this page are protocol-indexed accounting, not AltVaults estimates.
Same asset, same chain
Updated 2026-11-04 03:41 · Morpho Vault V2 index. Vaults under $1,000 TVL are excluded. The warning feed is not loaded for V2 rows.