Clearstar Base RWA on Base
V2A Morpho V2 vault on Base that lends out USDC deposits, curated by Clearstar. Depositors earn 4.62% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
4.62%
after fees, paid to depositors
30-day APY
5.54%
7-day 5.52%, from the share price
Deposits
$196K
195.63K USDC
Withdrawable now
$194K
99% of deposits
Performance fee
0%
of the interest earned
Depositors
49
largest holds 44.5%
Clearstar Base RWA 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 |
|---|---|---|
| mGLO / USDCLLTV 91.5% | $95.2K | 98.6% |
| WETH / USDCLLTV 86% | $727 | 0.8% |
| cbBTC / USDCLLTV 86% | $614 | 0.6% |
| deSPXA / USDCLLTV 77% | $5.00 | <0.01% |
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
| mGLO | 99.3% |
|---|---|
| WETH | 0.4% |
| cbBTC | 0.3% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 4.61% |
|---|---|
| Last 7 days | 5.52% |
| Last 30 days | 5.54% |
| Last 90 days | 4.60% |
Who controls this vault
| Curator | Clearstar |
|---|---|
| Owner | 0xb3CF…2B443-of-6 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 | None |
| Allocators | 2addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | January 22, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDCprice $0.9997 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 4.62% |
| Vault contract | 0x116e…0E46 |
| USDC token | 0x8335…2913 |
| Network | Base |
The curator's description: "The Clearstar Reactor USDC vault maximizes USDC yields while fostering the growth of high-quality collateral assets. By combining strategic asset selection with intelligent routing across efficient lending markets it creates a flywheel of liquidity and sustainability. This vault has automated reallocation to maximize APR within static risk parameters."
Largest depositors
49 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xf517…e7C1 | $87.0K | 44.5% |
| 0xFd60…533d | $2.0K | 1.0% |
| 0x8839…634a | $1.9K | 1.0% |
| 0xEa72…a2C4 | $1.8K | 0.9% |
| 0x16D2…840B | $1.6K | 0.8% |
| 0xB3EA…DeFB | $1.1K | 0.6% |
| 0xFC03…3a55 | $300 | 0.2% |
| 0x673c…C384 | $242 | 0.1% |
| 0x0E0c…407d | $234 | 0.1% |
| 0xCf07…2e27 | $152 | 0.1% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Clearstar Base RWA
Clearstar Base RWA is a Morpho V2 vault on Base, created on January 22, 2026. It takes USDC deposits and lends them to borrowers in 4 Morpho markets. The curator, Clearstar, decides which markets it may use and how much can go into each.
It holds $196K (195.63K USDC) from 49 depositors and pays a net APY of 4.62% after its 0% performance fee. Over the last 30 days depositors actually earned 5.54% a year.
Its largest position is mGLO / USDC at 99% of its deposits, followed by WETH / USDC (1%) and cbBTC / USDC (1%). Counting every market, its loans are backed mainly by mGLO (99%). 99% 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 3-of-6 multisig wallet. Morpho's app shows no warnings for this vault.
Clearstar Base RWA: quick answers
What is the APY of Clearstar Base RWA on Base?
Clearstar Base RWA pays 4.62% net APY right now, after its fees. Measured from the growth of its share price, it paid 5.54% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Clearstar Base RWA lend against?
It lends USDC through 4 Morpho markets. The biggest is mGLO / USDC with 99% of its deposits. Overall its loans are backed mainly by mGLO (99%).
Can I withdraw from Clearstar Base RWA right now?
Yes: all of its $196K 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 Clearstar Base RWA and what does it charge?
Clearstar 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 Clearstar Base RWA?
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.
Other USDC vaults
The same deposit asset, other curators and networks
