Galaxy EURCV2
A Morpho V2 vault on Arc that lends out EURC deposits, curated by Galaxy Curation. Depositors earn 0.13% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
0.13%
after fees, paid to depositors
30-day APY
0.03%
7-day <0.01%
Deposits
$572K
502.19K EURC
Withdrawable now
$572K
100% of deposits
Performance fee
0%
of the interest earned
Depositors
21
largest holds 99.7%
Galaxy EURC APY history
Net APY earned each day, measured from the vault's share price
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| cirBTC / EURCLLTV 86% | $229K | 100.0% |
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
| cirBTC | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 0.08% |
|---|---|
| Last 7 days | <0.01% |
| Last 30 days | 0.03% |
| Since the vault started | 0.04% |
Who controls this vault
| Curator | Galaxy Curation |
|---|---|
| Owner | 0x032a…69C0 |
| Timelock to raise a cap | 7 dayswait before more can go into a market |
| Timelock to add an adapter | 7 dayswait before a new kind of investment |
| Timelock to raise fees | 3 days |
| Allocators | 2addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | September 14, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | EURCprice $1.1385 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.13% |
| Vault contract | 0x389a…1c18 |
| EURC token | 0xbEf5…21c1 |
| Network | Arc |
The curator's description: "The Galaxy EURC Vault allocates stablecoin liquidity across a curated selection of markets collateralized exclusively by blue chip assets. The vault is structured for depositors whose primary objective is capital preservation with yield treated as a secondary consideration."
Largest depositors
21 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xa466…97B0 | $570K | 99.7% |
| 0xeFF9…A51f | $999 | 0.2% |
| 0xEabA…cFAc | $504 | 0.1% |
| 0x2b8E…672b | $119 | 0.0% |
| 0x38A8…1137 | $50.00 | <0.01% |
| 0xA9c3…4062 | $50.00 | <0.01% |
| 0x7fEe…D818 | $46.00 | <0.01% |
| 0x8dEd…f6d5 | $43.00 | <0.01% |
| 0xdDdc…d486 | $28.00 | <0.01% |
| 0x97Cd…86e3 | $6.00 | <0.01% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Galaxy EURC
Galaxy EURC is a Morpho V2 vault on Arc, created on September 14, 2026. It takes EURC deposits and lends them to borrowers in 1 Morpho market. The curator, Galaxy Curation, decides which markets it may use and how much can go into each.
It holds $572K (502.19K EURC) from 21 depositors and pays a net APY of 0.13% after its 0% performance fee. Over the last 30 days depositors actually earned 0.03% a year.
Its largest position is cirBTC / EURC at 100% of what it lends. Counting every market, its loans are backed mainly by cirBTC (100%). 100% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 7-day timelock on raising caps, which gives depositors time to leave first. Morpho's app shows no warnings for this vault.
Galaxy EURC: quick answers
What is the APY of Galaxy EURC on Arc?
Galaxy EURC pays 0.13% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.03% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Galaxy EURC lend against?
It lends EURC through 1 Morpho market. The biggest is cirBTC / EURC with 100% of its lending. Overall its loans are backed mainly by cirBTC (100%).
Can I withdraw from Galaxy EURC right now?
Yes: all of its $572K in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed EURC left. That can change quickly when borrowing picks up.
Who runs Galaxy EURC and what does it charge?
Galaxy Curation 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 Galaxy EURC?
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. Changes to it wait behind a 7-day timelock on raising caps. This is not advice.
Other EURC vaults
The same deposit asset, other curators and networks