Noon Ecosystem VaultV2
A Morpho V2 vault on Base that lends out USDC deposits, curated by Clearstar. Depositors earn 10.48% a year right now after a 15% performance fee.
Data from Morpho's API · updated
Net APY
10.48%
incl. 5.43% in rewards
30-day APY
2.80%
7-day 3.75%
Deposits
$3.51M
3.51M USDC
Withdrawable now
$245K
7% of deposits
Performance fee
15%
of the interest earned
Depositors
234
largest holds 14.7%
Noon Ecosystem 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 |
|---|---|---|
| sUSN / USDCLLTV 91.5% | $3.61M | 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
| sUSN | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 10.49% |
|---|---|
| Last 7 days | 3.75% |
| Last 30 days | 2.80% |
| Since the vault started | 8.33% |
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 | September 11, 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 | 5.96% |
| Rewards | USDC 5.43% |
| Vault contract | 0x8B12…78AF |
| USDC token | 0x8335…2913 |
| Network | Base |
The curator's description: "The Noon Ecosystem Vault exclusively allocates to assets related to the Noon ecosystem. Find more info about Noon and sUSN on their website noon.capital"
Largest depositors
234 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xEDb7…374B | $516K | 14.7% |
| 0x3992…66B3 | $501K | 14.3% |
| 0x732F…1e84 | $400K | 11.4% |
| 0x0F76…C916 | $234K | 6.7% |
| 0xa691…2765 | $216K | 6.2% |
| 0x8361…1316 | $175K | 5.0% |
| 0xbd57…95ED | $168K | 4.8% |
| 0xf840…a75D | $150K | 4.3% |
| 0x6641…17a9 | $100K | 2.9% |
| 0x786e…8888 | $100.0K | 2.8% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Noon Ecosystem Vault
Noon Ecosystem Vault is a Morpho V2 vault on Base, created on September 11, 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 $3.51M (3.51M USDC) from 234 depositors and pays a net APY of 10.48% after its 15% performance fee. Over the last 30 days depositors actually earned 2.80% a year. About 5.43% of today's rate comes from USDC rewards, which can stop at any time.
Its largest position is sUSN / USDC at 100% of what it lends. Counting every market, its loans are backed mainly by sUSN (100%). 7% 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.
Noon Ecosystem Vault: quick answers
What is the APY of Noon Ecosystem Vault on Base?
Noon Ecosystem Vault pays 10.48% net APY right now, after its fees and including 5.43% of rewards. Measured from the growth of its share price, it paid 2.80% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Noon Ecosystem Vault lend against?
It lends USDC through 1 Morpho market. The biggest is sUSN / USDC with 100% of its lending. Overall its loans are backed mainly by sUSN (100%).
Can I withdraw from Noon Ecosystem Vault right now?
About $245K of its $3.51M in deposits (7%) 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 Noon Ecosystem Vault and what does it charge?
Clearstar curates it. It keeps 15% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Noon Ecosystem 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