Avantgarde USDC ConservativeV2
A Morpho V2 vault on Base that lends out USDC deposits, curated by Avantgarde. Depositors earn 3.87% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
3.87%
after fees, paid to depositors
30-day APY
3.91%
7-day 3.93%
Deposits
$424K
423.87K USDC
Withdrawable now
$424K
100% of deposits
Performance fee
10%
of the interest earned
Depositors
11
largest holds 99.9%
Avantgarde USDC Conservative 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 |
|---|---|---|
| cbBTC / USDCLLTV 86% | $424K | 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
| cbBTC | 100.0% |
|---|---|
| cbETH | 0.0% |
| wstETH | 0.0% |
| WETH | 0.0% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 3.82% |
|---|---|
| Last 7 days | 3.93% |
| Last 30 days | 3.91% |
| Since the vault started | 3.68% |
Who controls this vault
| Curator | Avantgarde |
|---|---|
| Owner | 0xA2c3…43eb2-of-5 multisig |
| Timelock to raise a cap | 7 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 | None |
| Allocators | 1addresses that move money between markets |
| Sentinels | 0can pull money back or cut caps in an emergency |
| Created | January 9, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDCprice $0.9999 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 4.31% |
| Vault contract | 0xE34D…492f |
| USDC token | 0x8335…2913 |
| Network | Base |
The curator's description: "The Avantgarde USDC Conservative vault aims to allocate to the most liquid USDC markets across the highest quality collateral on Base."
Largest depositors
11 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x0400…7beb | $423K | 99.9% |
| 0x86c1…b8cb | $410 | 0.1% |
| 0x8d4E…199d | $100 | 0.0% |
| 0xe63c…30AF | $25.00 | <0.01% |
| 0x769C…d56D | $2.00 | <0.01% |
| 0x0000…dEaD | $1.00 | <0.01% |
| 0x4985…2b2b | $0 | 0.0% |
| 0x482a…8453 | $0 | 0.0% |
| 0x442B…fECB | $0 | 0.0% |
| 0x3543…457B | $0 | 0.0% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Avantgarde USDC Conservative
Avantgarde USDC Conservative is a Morpho V2 vault on Base, created on January 9, 2026. It takes USDC deposits and lends them to borrowers in 1 Morpho market. The curator, Avantgarde, decides which markets it may use and how much can go into each.
It holds $424K (423.87K USDC) from 11 depositors and pays a net APY of 3.87% after its 10% performance fee. Over the last 30 days depositors actually earned 3.91% a year.
Its largest position is cbBTC / USDC at 100% of what it lends. Counting every market, its loans are backed mainly by cbBTC (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. The owner is a 2-of-5 multisig wallet. Morpho's app shows no warnings for this vault.
Avantgarde USDC Conservative: quick answers
What is the APY of Avantgarde USDC Conservative on Base?
Avantgarde USDC Conservative pays 3.87% net APY right now, after its fees. Measured from the growth of its share price, it paid 3.91% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Avantgarde USDC Conservative lend against?
It lends USDC through 1 Morpho market. The biggest is cbBTC / USDC with 100% of its lending. Overall its loans are backed mainly by cbBTC (100%).
Can I withdraw from Avantgarde USDC Conservative right now?
Yes: all of its $424K 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 Avantgarde USDC Conservative and what does it charge?
Avantgarde curates it. It keeps 10% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Avantgarde USDC Conservative?
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 USDC vaults
The same deposit asset, other curators and networks