Clearstar Tokenized Stocks USDCV2
A Morpho V2 vault on Base that lends out USDC deposits, curated by Clearstar. Depositors earn 5.05% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
5.05%
after fees, paid to depositors
30-day APY
4.23%
7-day 4.23%
Deposits
$1.00
1.13 USDC
Withdrawable now
$1.00
100% of deposits
Performance fee
0%
of the interest earned
Depositors
2
largest holds 100.0%
Clearstar Tokenized Stocks USDC 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 |
|---|---|---|
| AAPLc / USDCLLTV 62.5% | $1.00 | 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
| AAPLc | 100.0% |
|---|---|
| METAc | 0.0% |
| Other | 0.0% |
| NVDAc | 0.0% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 5.10% |
|---|---|
| Last 7 days | 4.23% |
| Last 30 days | 4.23% |
| Since the vault started | 4.21% |
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 | 1addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | September 20, 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 | 5.05% |
| Vault contract | 0x7aE6…9dE7 |
| USDC token | 0x8335…2913 |
| Network | Base |
The curator's description: "The vault provides liquidity against real world assets that are issued through Coinbase’s tokenization platform. The initial allocation is focused on the largest US stocks, but may expanded later to include other assets. Tokenized stocks are a relatively new collateral class within DeFi, with risks that differ from crypto-native assets. On-chain liquidity depth for these assets may be limited while the adoption is still in its early phases. Automated systems will reallocate liquidity across the available markets, aiming to balance utilization and rates within applicable risk parameters."
Largest depositors
2 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x0000…dEaD | $1.00 | 100.0% |
| 0xD2C1…fD09 | $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 Clearstar Tokenized Stocks USDC
Clearstar Tokenized Stocks USDC is a Morpho V2 vault on Base, created on September 20, 2026. It takes USDC deposits and lends them to borrowers in 1 Morpho market. The curator, Clearstar, decides which markets it may use and how much can go into each.
It holds $1.00 (1.13 USDC) from 2 depositors and pays a net APY of 5.05% after its 0% performance fee. Over the last 30 days depositors actually earned 4.23% a year.
Its largest position is AAPLc / USDC at 100% of what it lends. Counting every market, its loans are backed mainly by AAPLc (100%). 100% 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 Tokenized Stocks USDC: quick answers
What is the APY of Clearstar Tokenized Stocks USDC on Base?
Clearstar Tokenized Stocks USDC pays 5.05% net APY right now, after its fees. Measured from the growth of its share price, it paid 4.23% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Clearstar Tokenized Stocks USDC lend against?
It lends USDC through 1 Morpho market. The biggest is AAPLc / USDC with 100% of its lending. Overall its loans are backed mainly by AAPLc (100%).
Can I withdraw from Clearstar Tokenized Stocks USDC right now?
Yes: all of its $1.00 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 Tokenized Stocks USDC 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 Tokenized Stocks USDC?
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