defi · Treasury & cash · Ethereum

Yearn OG USDC

av:defi:eth:erc4626:f9bdec49:v1

Yearn OG vaults lend underlying assets to markets labeled as moderate risk (-2) by the Yearn team. Optimization across markets is handled automatically via an algorithm developed by Yearn. Supply caps are set based on various factors and continuously monitored by the Yearn team as well.

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.

97of 100

Score rank 5 of 199

Public TVL
$10,185,735
Indexed net rate
7.43%
Ex-rewards
7.35%
Peer TVL rank
31 of 199 USDC
SmallerUSDC on EthereumLarger

Rank 31 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

Yearn

Fee disclosed100

5.00% performance fee (indexed)

Timelock100

3 day delay on queued changes.

Idle liquidity100

65.5% of public TVL is marked liquid. Idle cash is not a promise you can exit in full.

Reward dependence99

Indexed net rate and the ex-rewards rate are nearly the same.

Warnings100

The index returned no warning.

Yield context100

Current and trailing average net rates. Neither is a forecast.

Public size50

Size is context. A larger vault is not a better one.

Written mandate100

A curator description was indexed and is quoted, not endorsed.

Indexed rates

Each point is an indexed window, not a daily price. The path can fall. It is not a forecast.

8.5%4.3%0.0%CurrentAverageEx-rewards

Indexed share price 1.0826 USD. A share price above 1 is accounting, not a promise.

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. 1 · You

    Deposit USDC from your own wallet.

  2. 2 · Vault

    ERC-4626 vault share. The share is a claim on the vault’s assets under that contract, not a fund unit.

  3. 3 · Strategy

    Curated on-chain lending · Yearn

  4. 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

65.5% of TVL is the indexed liquid balance ($6,669,959). 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.

Indexed timelock 3 days.

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 $6,669,959.

Curator

Someone chooses the markets. That choice can be wrong.

Yearn

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.

No warning on this pull.

Operator

Yearn

Curator · Indexed timelock of 3 days on the slowest disclosed change. A zero means some functions can move immediately.

“Yearn OG vaults lend underlying assets to markets labeled as moderate risk (-2) by the Yearn team. Optimization across markets is handled automatically via an algorithm developed by Yearn. Supply caps are set based on various factors and continuously monitored by the Yearn team as well.” Indexed curator text. Not written or checked by AltVaults.
Fee
5.00% performance fee (indexed)
Access
Public DeFi access
Standard
ERC-4626
Contract
0xf9bddd4a9b3a45f980e11fdde96e16364ddbec49

How to read this record

What you would hold

ERC-4626 vault share. The share is a claim on the vault’s assets under that contract, not a fund unit. The operator on this record is Yearn. 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. 65.5% of indexed TVL is currently marked liquid. A full exit can still wait on the markets underneath.

What would change the call

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

Yearn OG USDC · this record
Adpend USDC
1337 USDC
Steakhouse Prime USDC
Gauntlet USDC Prime

If you decide to act

  1. 01

    Check the gaps

    Read any warning, the reward gap and the liquid share before you sign.

  2. 02

    Use your own wallet

    Open the live vault and deposit only what you can afford to lose. AltVaults does not take custody.

  3. 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: Yearn.
  • Historical period rates on this page are protocol-indexed accounting, not AltVaults estimates.

Same asset, same chain

Updated 2026-11-04 02:16 · Morpho GraphQL. Vaults under $1,000 TVL are excluded from this wider registry. Audits are not in this feed.