Clearstar cbAssets VaultV2
A Morpho V2 vault on Base that lends out USDC deposits, curated by Clearstar. Depositors earn 5.72% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
5.72%
incl. 1.70% in rewards
30-day APY
4.02%
7-day 4.05%
Deposits
$37.62M
37.62M USDC
Withdrawable now
$27.97M
74% of deposits
Performance fee
10%
of the interest earned
Depositors
1,472
largest holds 13.3%
Clearstar cbAssets Vault 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% | $27.88M | 74.3% |
| SOL / USDCLLTV 62.5% | $5.34M | 14.2% |
| JitoSOL / USDCLLTV 62.5% | $1.67M | 4.4% |
| cbXRP / USDCLLTV 77% | $1.14M | 3.0% |
| cbADA / USDCLLTV 77% | $852K | 2.3% |
| cbETH / USDCLLTV 86% | $643K | 1.7% |
| cbHYPE / USDCLLTV 62.5% | $5.0K | 0.0% |
| cbZEC / USDCLLTV 62.5% | $500 | <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
| cbBTC | 74.4% |
|---|---|
| SOL | 14.2% |
| JitoSOL | 4.4% |
| cbXRP | 3.0% |
| cbADA | 2.3% |
| cbETH | 1.7% |
| cbHYPE | 0.0% |
| cbZEC | <0.01% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 5.67% |
|---|---|
| Last 7 days | 4.05% |
| Last 30 days | 4.02% |
| Since the vault started | 5.04% |
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 $0.9999 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 4.47% |
| Rewards | USDC 1.70% |
| Vault contract | 0x91C0…3a3c |
| USDC token | 0x8335…2913 |
| Network | Base |
The curator's description: "The Clearstar High Yield USDC vault aims to provide liquidity to volatile and frontier assets on Base. Potential higher volatility markets mean higher implied risks in exchange for high yields. This vault has automated reallocation to maximize APR within static risk parameters and also monitors active on-chain risks."
Largest depositors
1,472 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x0A03…ffdC | $5.00M | 13.3% |
| 0x8163…75BF | $3.99M | 10.6% |
| 0xCb23…9d4A | $3.50M | 9.3% |
| 0x4a88…4e11 | $3.32M | 8.8% |
| 0xF54A…De92 | $3.03M | 8.0% |
| 0x5504…1581 | $1.51M | 4.0% |
| 0xdA90…8Ee9 | $1.31M | 3.5% |
| 0x55Cf…3744 | $1.08M | 2.9% |
| 0x5516…94F2 | $919K | 2.4% |
| 0x55FC…1A65 | $692K | 1.8% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Clearstar cbAssets Vault
Clearstar cbAssets Vault is a Morpho V2 vault on Base, created on January 22, 2026. It takes USDC deposits and lends them to borrowers in 8 Morpho markets. The curator, Clearstar, decides which markets it may use and how much can go into each.
It holds $37.62M (37.62M USDC) from 1,472 depositors and pays a net APY of 5.72% after its 10% performance fee. Over the last 30 days depositors actually earned 4.02% a year. About 1.70% of today's rate comes from USDC rewards, which can stop at any time.
Its largest position is cbBTC / USDC at 74% of what it lends, followed by SOL / USDC (14%) and JitoSOL / USDC (4%). Counting every market, its loans are backed mainly by cbBTC (74%), SOL (14%) and JitoSOL (4%). 74% of deposits could be withdrawn right now.
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 3-of-6 multisig wallet. Morpho's app shows no warnings for this vault.
Clearstar cbAssets Vault: quick answers
What is the APY of Clearstar cbAssets Vault on Base?
Clearstar cbAssets Vault pays 5.72% net APY right now, after its fees and including 1.70% of rewards. Measured from the growth of its share price, it paid 4.02% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Clearstar cbAssets Vault lend against?
It lends USDC through 8 Morpho markets. The biggest is cbBTC / USDC with 74% of its lending. Overall its loans are backed mainly by cbBTC (74%), SOL (14%) and JitoSOL (4%).
Can I withdraw from Clearstar cbAssets Vault right now?
About $27.97M of its $37.62M in deposits (74%) 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 Clearstar cbAssets Vault and what does it charge?
Clearstar 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 Clearstar cbAssets Vault?
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