Clearstar cbAssets Vault on Base
V2A Morpho V2 vault on Base that lends out USDC deposits, curated by Clearstar. Depositors earn 6.07% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
6.07%
incl. 1.40% in rewards
30-day APY
4.95%
7-day 5.50%, from the share price
Deposits
$35.33M
35.34M USDC
Withdrawable now
$4.07M
12% of deposits
Performance fee
10%
of the interest earned
Depositors
1,150
largest holds 43.6%
Clearstar cbAssets Vault 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 |
|---|---|---|
| cbXRP / USDCLLTV 62.5% | $13.08M | 40.5% |
| SOL / USDCLLTV 62.5% | $6.72M | 20.8% |
| JitoSOL / USDCLLTV 62.5% | $3.61M | 11.2% |
| cbXRP / USDCLLTV 77% | $1.67M | 5.2% |
| cbBTC / USDCLLTV 86% | $1.64M | 5.1% |
| cbDOGE / USDCLLTV 62.5% | $1.09M | 3.4% |
| cbZEC / USDCLLTV 62.5% | $991K | 3.1% |
| cbADA / USDCLLTV 77% | $933K | 2.9% |
| cbADA / USDCLLTV 62.5% | $779K | 2.4% |
| cbETH / USDCLLTV 86% | $733K | 2.3% |
| cbETH / USDCLLTV 77% | $468K | 1.5% |
| cbLTC / USDCLLTV 62.5% | $299K | 0.9% |
| cbHYPE / USDCLLTV 62.5% | $265K | 0.8% |
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
| cbXRP | 42.3% |
|---|---|
| SOL | 18.7% |
| cbBTC | 11.5% |
| JitoSOL | 10.6% |
| cbADA | 4.9% |
| cbETH | 3.4% |
| cbDOGE | 3.1% |
| cbZEC | 2.8% |
| cbHYPE | 1.8% |
| cbLTC | 0.8% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 4.70% |
|---|---|
| Last 7 days | 5.50% |
| Last 30 days | 4.95% |
| Last 90 days | 4.09% |
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 | 3addresses 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 | 5.21% |
| Rewards | USDC 1.40% |
| Vault contract | 0x91C0…3a3c |
| USDC token | 0x8335…2913 |
| Network | Base |
The curator's description: "The vault provides USDC liquidity against assets that Coinbase issues or brings onchain on Base. The list may expand as Coinbase brings more assets to Base. Several of the newer wrapped assets are early in their adoption, and their on-chain liquidity on Base can be thin compared with the native assets on their home markets. Automated systems reallocate liquidity across the available markets, aiming to balance utilization and rates within applicable risk parameters."
Largest depositors
1,150 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x1be4…57D7 | $15.40M | 43.6% |
| 0xCb23…9d4A | $3.54M | 10.0% |
| 0x9802…860E | $1.80M | 5.1% |
| 0x18d8…55Bc | $908K | 2.6% |
| 0x55FC…1A65 | $694K | 2.0% |
| 0x5504…1581 | $641K | 1.8% |
| 0x5bE8…80b9 | $512K | 1.5% |
| 0x6eAf…9e5e | $450K | 1.3% |
| 0x0c33…06c7 | $401K | 1.1% |
| 0xace6…07a6 | $261K | 0.7% |
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 13 Morpho markets. The curator, Clearstar, decides which markets it may use and how much can go into each.
It holds $35.33M (35.34M USDC) from 1,150 depositors and pays a net APY of 6.07% after its 10% performance fee. Over the last 30 days depositors actually earned 4.95% a year. About 1.40% of today's rate comes from USDC rewards, which can stop at any time.
Its largest position is cbXRP / USDC at 41% of its deposits, followed by SOL / USDC (21%) and JitoSOL / USDC (11%). Counting every market, its loans are backed mainly by cbXRP (42%), SOL (19%) and cbBTC (12%). 12% 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 cbAssets Vault: quick answers
What is the APY of Clearstar cbAssets Vault on Base?
Clearstar cbAssets Vault pays 6.07% net APY right now, after its fees and including 1.40% of rewards. Measured from the growth of its share price, it paid 4.95% 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 13 Morpho markets. The biggest is cbXRP / USDC with 41% of its deposits. Overall its loans are backed mainly by cbXRP (42%), SOL (19%) and cbBTC (12%).
Can I withdraw from Clearstar cbAssets Vault right now?
About $4.07M of its $35.33M in deposits (12%) 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. 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
