KPK EURe Yield on Arbitrum
V2A Morpho V2 vault on Arbitrum that lends out EURe deposits, curated by KPK. Depositors earn 3.00% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
3.00%
incl. 2.93% in rewards
30-day APY
0.14%
7-day 0.07%, from the share price
Deposits
$1.70M
1.54M EURe
Withdrawable now
$1.52M
89% of deposits
Performance fee
0%
of the interest earned
Depositors
236
largest holds 36.3%
KPK EURe Yield APY history
Net APY earned each day, from the vault's share price: after fees, without token rewards
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| WBTC / EUReLLTV 86% | $130K | 8.0% |
| wstETH / EUReLLTV 86% | $54.4K | 3.3% |
| WETH / EUReLLTV 86% | $1.9K | 0.1% |
| Idle cashnot lent out | $1.44M | 88.5% |
The curator decides which markets the vault may use and how much it may put in each (the cap). Allocators then move money between those markets within the caps. How vaults work.
What the loans are backed by
Share of this vault's lending by the collateral borrowers put up
| WBTC | 82.8% |
|---|---|
| wstETH | 16.6% |
| WETH | 0.6% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 0.08% |
|---|---|
| Last 7 days | 0.07% |
| Last 30 days | 0.14% |
Who controls this vault
| Curator | KPK |
|---|---|
| Owner | 0x8b88…A5375-of-8 multisig |
| Timelock to raise a cap | 3 dayswait before more can go into a market |
| Timelock to add an adapter | 3 dayswait before a new kind of investment |
| Timelock to raise fees | 14 days |
| Allocators | 4addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | September 22, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | EUReprice $1.1028 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.07% |
| Rewards | EURe 2.93% |
| Vault contract | 0x7bfd…1f60 |
| EURe token | 0x0c06…44F8 |
| Network | Arbitrum |
The curator's description: "A low-risk EURe vault with 24h automation. Allocations are continuously rebalanced across incentive-rich markets on Arbitrum with strict caps to preserve liquidity and mitigate risk"
Largest depositors
236 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x616d…0669 | $618K | 36.3% |
| 0xFBc6…38c4 | $445K | 26.1% |
| 0xA603…FCC6 | $302K | 17.8% |
| 0x58DA…5b8C | $33.6K | 2.0% |
| 0x944f…b74C | $33.0K | 1.9% |
| 0x2359…DD00 | $22.2K | 1.3% |
| 0x0D74…0E80 | $16.7K | 1.0% |
| 0xC310…C75A | $11.7K | 0.7% |
| 0x1fEC…df2b | $11.1K | 0.7% |
| 0xC6B3…A751 | $9.1K | 0.5% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About KPK EURe Yield
KPK EURe Yield is a Morpho V2 vault on Arbitrum, created on September 22, 2026. It takes EURe deposits and lends them to borrowers in 3 Morpho markets. The curator, KPK, decides which markets it may use and how much can go into each.
It holds $1.70M (1.54M EURe) from 236 depositors and pays a net APY of 3.00% after its 0% performance fee. Over the last 30 days depositors actually earned 0.14% a year. About 2.93% of today's rate comes from EURe rewards, which can stop at any time.
Its largest position is WBTC / EURe at 8% of its deposits, followed by wstETH / EURe (3%) and WETH / EURe (0%). 89% sits idle, not lent out. Counting every market, its loans are backed mainly by WBTC (83%) and wstETH (17%). 89% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 3 days, which gives depositors time to leave first. The owner is a 5-of-8 multisig wallet. Morpho's app shows no warnings for this vault.
KPK EURe Yield: quick answers
What is the APY of KPK EURe Yield on Arbitrum?
KPK EURe Yield pays 3.00% net APY right now, after its fees and including 2.93% of rewards. Measured from the growth of its share price, it paid 0.14% over the last 30 days. The rate changes every day with what its borrowers pay.
What does KPK EURe Yield lend against?
It lends EURe through 3 Morpho markets. The biggest is WBTC / EURe with 8% of its deposits. 89% sits idle. Overall its loans are backed mainly by WBTC (83%) and wstETH (17%).
Can I withdraw from KPK EURe Yield right now?
About $1.52M of its $1.70M in deposits (89%) could be withdrawn immediately. The rest is lent out and frees up as borrowers repay or as higher rates bring in new lenders.
Who runs KPK EURe Yield and what does it charge?
KPK curates it. It keeps 0% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of KPK EURe Yield?
Like every Morpho vault, it can lose money if a borrower's collateral crashes faster than it can be liquidated, if a price oracle fails, or through a smart contract bug. Withdrawals can wait when its markets are fully borrowed. Adding a market or raising a cap waits behind a timelock of 3 days. This is not advice.
