Morpho Watch

Juno MXNB Prime on Base

V2

A Morpho V2 vault on Base that lends out MXNB deposits, curated by Gauntlet. Depositors earn 0.96% a year right now after a 0% performance fee.

Data from Morpho's API · updated

Net APY

0.96%

after fees, paid to depositors

30-day APY

2.87%

7-day 1.14%, from the share price

Deposits

$1.40M

26.10M MXNB

Withdrawable now

$1.18M

84% of deposits

Performance fee

0%

of the interest earned

Depositors

327

largest holds 6.7%

Open in the Morpho app ↗Earnings calculator

Juno MXNB Prime APY history

Net APY earned each day, from the vault's share price: after fees, without token rewards

Deposits over time

Where the money goes

The markets this vault lends to right now, largest first

MarketLentShareSupply APYUtilizationCap
USDC / MXNBLLTV 91.5% $251K 46.8% 5.43% 89.8% –
bitusdcp / MXNBLLTV 91.5% · under $1,000, not tracked here $38.00 <0.01% 2.44% 89.5% –
Idle cashnot lent out $286K 53.2% – – –

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

USDC100.0%

Returns over time

Net APY actually earned over each period, from the share price: after fees, without token rewards

Last day0.99%
Last 7 days1.14%
Last 30 days2.87%
Last 90 days4.41%

Who controls this vault

CuratorGauntlet
Owner0xCe3b…7F30
Timelock to raise a cap3 dayswait before more can go into a market
Timelock to add an adapter7 dayswait before a new kind of investment
Timelock to raise fees1 day
Allocators3addresses that move money between markets
Sentinels3can pull money back or cut caps in an emergency
CreatedMay 22, 2026

Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.

Details

Deposit assetMXNBprice $0.0538
Vault versionMorpho Vault V2
APY before fees0.96%
Vault contract0x08cc…ed58
MXNB token0xF197…80aA
NetworkBase

The curator's description: "The Juno MXNB Prime vault targets risk-adjusted peso yield by allocating MXNB across large-cap high-liquidity sources. It follows Gauntlets conservative Prime framework for low-risk competitive APYs."

Largest depositors

327 addresses hold shares in this vault

AddressDepositShare of vault
0xbDE2…2d7a$93.8K6.7%
0xc2d7…d9e4$92.8K6.6%
0x52C4…d2aA$28.4K2.0%
0x693A…C3Fc$26.8K1.9%
0xbe04…6Ce3$21.4K1.5%
0x11A3…fCca$21.1K1.5%
0xE5CB…Bb88$18.7K1.3%
0x5aFd…1958$18.2K1.3%
0xd016…Dd2A$17.2K1.2%
0x9B2E…b017$15.8K1.1%

When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.

About Juno MXNB Prime

Juno MXNB Prime is a Morpho V2 vault on Base, created on May 22, 2026. It takes MXNB deposits and lends them to borrowers in 2 Morpho markets. The curator, Gauntlet, decides which markets it may use and how much can go into each.

It holds $1.40M (26.10M MXNB) from 327 depositors and pays a net APY of 0.96% after its 0% performance fee. Over the last 30 days depositors actually earned 2.87% a year.

Its largest position is USDC / MXNB at 47% of its deposits, followed by bitusdcp / MXNB (<0.01%). 53% sits idle, not lent out. Counting every market, its loans are backed mainly by USDC (100%). 84% 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. Morpho's app shows no warnings for this vault.

Juno MXNB Prime: quick answers

What is the APY of Juno MXNB Prime on Base?

Juno MXNB Prime pays 0.96% net APY right now, after its fees. Measured from the growth of its share price, it paid 2.87% over the last 30 days. The rate changes every day with what its borrowers pay.

What does Juno MXNB Prime lend against?

It lends MXNB through 2 Morpho markets. The biggest is USDC / MXNB with 47% of its deposits. 53% sits idle. Overall its loans are backed mainly by USDC (100%).

Can I withdraw from Juno MXNB Prime right now?

About $1.18M of its $1.40M in deposits (84%) 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 Juno MXNB Prime and what does it charge?

Gauntlet 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 Juno MXNB Prime?

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.