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Morpho Watch

SparkDAOVerified

SparkDAO curates 4 listed Morpho vaults holding $566.8M on 2 networks. A curator chooses which markets its vaults lend to and sets a cap for each one; depositors earn what those loans pay, minus the curator's fee.

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Data from Morpho's API · updated

In their vaults

$566.8M

listed vaults only

Vaults

4

on 2 networks

Average net APY

2.19%

weighted by vault size

Best vault right now

4.45%

Spark Blue Chip USDC Vault

SparkDAO's vaults

Every listed vault SparkDAO curates, largest first. Fees are the share of interest the curator keeps.

Vaults curated by SparkDAO
Vault Deposits Net APY 30-day APY Fee Withdrawable
Spark USDC VaultSparkDAO · Base · $307.0M $307.0M307.08M USDC 3.87% 3.91% 10% $165.7M
Sentora x Spark RLUSDV2Sentora, SparkDAO · Ethereum · $250.0M $250.0M250.00M RLUSD 0.04% 0.02% 10% $246.9M
Spark Blue Chip USDC VaultSparkDAO · Ethereum · $9.54M $9.54M9.54M USDC 4.45% 4.27% 1% $9.54M
Spark Blue Chip USDT VaultV2SparkDAO · Ethereum · $277K $277K277.28K USDT 3.93% 3.03% 10% $277K

What these vaults lend against

Money lent directly to markets, grouped by the collateral borrowers post. Higher-risk collateral usually pays more.

CollateralLent against itShareMarkets
cbBTC $315.5M98.6%2
WBTC $3.33M1.0%2
wstETH $1.07M0.3%1

SparkDAO on Morpho: quick answers

How much does SparkDAO manage on Morpho?

SparkDAO curates 4 vaults listed in the Morpho app, holding $566.8M on 2 networks. The largest is Spark USDC Vault on Base with $307.0M.

What do SparkDAO's Morpho vaults pay?

Weighted by size, its vaults pay 2.19% net APY right now. The best with at least $1M deposited is Spark Blue Chip USDC Vault on Ethereum at 4.45%. Rates change daily with borrowing demand.

What do SparkDAO's vaults lend against?

Mostly loans backed by cbBTC (99%), WBTC (1%) and wstETH (0%), counting money lent directly into markets. Each vault's page shows its own mix.

Which networks does SparkDAO run Morpho vaults on?

Base and Ethereum.

How to judge a curator's vaults

Look at three things on each vault page. First, what the vault lends against: loans backed by Bitcoin or ETH are usually safer than loans backed by newer or thinly traded tokens. Second, how much cash the vault could pay out today, shown as "withdrawable": if nearly everything is lent out, withdrawals may have to wait. Third, the fee and the timelock, which is how long depositors get to react before the curator's changes take effect. Comparing curators? See the curator ranking, the best vault yields, or read what can go wrong with a vault.