Yield Clearstar USDC on Base
A Morpho vault on Base that lends out USDC deposits, curated by Clearstar. Depositors earn 4.22% a year right now after a 25% performance fee.
Data from Morpho's API · updated
Net APY
4.22%
after fees, paid to depositors
30-day APY
4.83%
7-day 4.96%, from the share price
Deposits
$676K
676.02K USDC
Withdrawable now
$662K
98% of deposits
Performance fee
25%
of the interest earned
Depositors
6,684
largest holds 6.8%
Yield Clearstar USDC 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% | $411K | 51.6% |
| cbBTC / USDCLLTV 86% | $129K | 16.1% |
| cbDOGE / USDCLLTV 62.5% | $110K | 13.9% |
| cbLTC / USDCLLTV 62.5% | $98.6K | 12.4% |
| cbADA / USDCLLTV 62.5% | $26.7K | 3.3% |
| mBASIS / USDCLLTV 86% | $15.8K | 2.0% |
| superOETHb / USDCLLTV 77% | $3.5K | 0.4% |
| WETH / USDCLLTV 86% | $2.3K | 0.3% |
| wstETH / USDCLLTV 86% | $0 | 0.0% |
| cbADA / USDCLLTV 77% | $0 | 0.0% |
| cbETH / USDCLLTV 77% | $0 | 0.0% |
| Idle cashnot lent out | $0 | 0.0% |
| yoUSD / USDCLLTV 91.5% | $0 | 0.0% |
| cbETH / USDCLLTV 86% | $0 | 0.0% |
| cbXRP / USDCLLTV 77% | $0 | 0.0% |
| cbETH / USDCLLTV 86% | $0 | 0.0% |
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
| cbXRP | 65.7% |
|---|---|
| cbLTC | 14.6% |
| cbDOGE | 12.2% |
| cbADA | 4.3% |
| mBASIS | 2.6% |
| superOETHb | 0.5% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 4.20% |
|---|---|
| Last 7 days | 4.96% |
| Last 30 days | 4.83% |
| Last 90 days | 4.41% |
| Last year | 4.92% |
Who controls this vault
| Curator | Clearstar |
|---|---|
| Owner | 0x3098…3458 |
| Guardian | 0x1bB2…8458 |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 1addresses that move money between markets |
| Pending changes | 3SetCap from July 30, 2026; SetCap from July 30, 2026; SetCap from July 30, 2026 |
| Created | April 16, 2025 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDCprice $0.9997 |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 5.66% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0xE74c…ED56 |
| USDC token | 0x8335…2913 |
| Network | Base |
The curator's description: "The High Yield Clearstar 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 through the use of Hypernative to reduce exposure to collaterals that might be at risk of suffering exploits."
Largest depositors
6,684 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x46b7…8961 | $46.0K | 6.8% |
| 0x4B48…Ffa7 | $38.2K | 5.7% |
| 0x849A…b627 | $37.3K | 5.5% |
| 0x90Da…A12c | $30.4K | 4.5% |
| 0xf522…39B1 | $21.2K | 3.1% |
| 0x1f07…f997 | $18.5K | 2.7% |
| 0x59E3…92C5 | $15.8K | 2.3% |
| 0xb009…3fec | $10.0K | 1.5% |
| 0x421A…1D87 | $7.1K | 1.1% |
| 0x5c38…3E00 | $6.6K | 1.0% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Yield Clearstar USDC
Yield Clearstar USDC is a MetaMorpho vault (Morpho V1) on Base, created on April 16, 2025. 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 $676K (676.02K USDC) from 6,684 depositors and pays a net APY of 4.22% after its 25% performance fee. Over the last 30 days depositors actually earned 4.83% a year, and 4.92% over the last year.
Its largest position is cbXRP / USDC at 52% of its deposits, followed by cbBTC / USDC (16%) and cbDOGE / USDC (14%). Counting every market, its loans are backed mainly by cbXRP (66%), cbLTC (15%) and cbDOGE (12%). 98% 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.
Yield Clearstar USDC: quick answers
What is the APY of Yield Clearstar USDC on Base?
Yield Clearstar USDC pays 4.22% net APY right now, after its fees. Measured from the growth of its share price, it paid 4.83% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Yield Clearstar USDC lend against?
It lends USDC through 8 Morpho markets. The biggest is cbXRP / USDC with 52% of its deposits. Overall its loans are backed mainly by cbXRP (66%), cbLTC (15%) and cbDOGE (12%).
Can I withdraw from Yield Clearstar USDC right now?
About $662K of its $676K in deposits (98%) 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 Yield Clearstar USDC and what does it charge?
Clearstar curates it. It keeps 25% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Yield Clearstar 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. 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
