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Morpho Watch

ARCHITECT Global ValueV2

A Morpho V2 vault on Base that lends out USDC deposits, curated by Architect. Depositors earn 4.09% a year right now after a 0% performance fee.

Data from Morpho's API · updated

Net APY

4.09%

after fees, paid to depositors

30-day APY

4.13%

7-day 4.16%

Deposits

$1.26M

1.26M USDC

Withdrawable now

$1.26M

100% of deposits

Performance fee

0%

of the interest earned

Depositors

40

largest holds 40.4%

Open in the Morpho app ↗Earnings calculator

ARCHITECT Global Value APY history

Net APY earned each day, measured from the vault's share price

Deposits over time

Where the money goes

The markets this vault lends to right now, largest first

MarketLentShareSupply APYUtilizationCap
Steakhouse Prime USDCanother vault · its markets are counted below $1.26M 100.0% 4.09%––

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, including through the vaults it deposits into

cbBTC92.6%
cbETH6.4%
wstETH1.0%
WETH0.0%
Other0.0%

Returns over time

Net APY actually earned over each period, from the share price

Last day4.06%
Last 7 days4.16%
Last 30 days4.13%
Since the vault started4.45%

Who controls this vault

CuratorArchitect
Owner0x2386…6f422-of-7 multisig
Timelock to raise a cap3 dayswait before more can go into a market
Timelock to add an adapter3 dayswait before a new kind of investment
Timelock to raise feesNone
Allocators0addresses that move money between markets
Sentinels0can pull money back or cut caps in an emergency
CreatedNovember 14, 2025

Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.

Details

Deposit assetUSDCprice $0.9999
Vault versionMorpho Vault V2
APY before fees4.09%
Vault contract0x8eff…28d7
USDC token0x8335…2913
NetworkBase

The curator's description: "ARCHITECT GLOBAL VALUE partners with a select group of exceptional curators distinguished by judgement and demonstrable edge in capital markets. ARCHITECT backs stewards who operate with clarity of mandate and a long-term orientation towards enduring value creation."

Largest depositors

40 addresses hold shares in this vault

AddressDepositShare of vault
0xa92a…C8f7$508K40.4%
0xbaD6…d757$284K22.6%
0x21FA…4ffa$206K16.4%
0x4551…7024$103K8.2%
0x622D…8E81$60.5K4.8%
0x2ee4…8170$33.0K2.6%
0x7C6d…cE2b$25.6K2.0%
0xa768…bB5c$22.6K1.8%
0x1b2D…BB28$10.2K0.8%
0x9968…0fB5$1.3K0.1%

When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.

About ARCHITECT Global Value

ARCHITECT Global Value is a Morpho V2 vault on Base, created on November 14, 2025. It takes USDC deposits and lends them to borrowers in 0 Morpho markets, and places part of its money in another vault. The curator, Architect, decides which markets it may use and how much can go into each.

It holds $1.26M (1.26M USDC) from 40 depositors and pays a net APY of 4.09% after its 0% performance fee. Over the last 30 days depositors actually earned 4.13% a year.

Risky changes, such as adding a market, wait behind a 3-day timelock on raising caps, which gives depositors time to leave first. The owner is a 2-of-7 multisig wallet. Morpho's app shows no warnings for this vault.

ARCHITECT Global Value: quick answers

What is the APY of ARCHITECT Global Value on Base?

ARCHITECT Global Value pays 4.09% net APY right now, after its fees. Measured from the growth of its share price, it paid 4.13% over the last 30 days. The rate changes every day with what its borrowers pay.

Can I withdraw from ARCHITECT Global Value right now?

Yes: all of its $1.26M in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed USDC left. That can change quickly when borrowing picks up.

Who runs ARCHITECT Global Value and what does it charge?

Architect 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 ARCHITECT Global Value?

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 3-day timelock on raising caps. This is not advice.

Other USDC vaults

The same deposit asset, other curators and networks

All USDC options →
Vault Deposits Net APY 30-day APY Fee Withdrawable
Steakhouse Prime USDCV2Steakhouse Financial · Base · $444.0M $444.0M444.10M USDC 4.31% 4.35% 0% $164.7M
Steakhouse High Yield USDC EditionV2Steakhouse Financial · Base · $443.2M $443.2M443.27M USDC 2.84% 2.87% 25% $40.39M
Gauntlet USDC PrimeGauntlet · Base · $415.1M $415.1M415.18M USDC 4.31% 4.35% 0% $177.0M
Spark USDC VaultSparkDAO · Base · $307.0M $307.0M307.08M USDC 3.87% 3.91% 10% $164.9M
Gauntlet USDC PrimeV2Gauntlet · Base · $178.9M $178.9M178.92M USDC 4.31% 4.35% 0% $164.7M
Steakhouse USDCSteakhouse Financial · Base · $126.5M $126.5M126.56M USDC 3.22% 3.25% 25% $126.5M
Steakhouse Prime USDCV2Steakhouse Financial · Ethereum · $122.4M $122.4M122.44M USDC 4.52% 4.31% 0% $33.08M
Gauntlet USDC PrimeV2Gauntlet · Ethereum · $99.19M $99.19M99.20M USDC 4.53% 4.31% 0% $33.08M