9Summits Piku Ecosystem USDC on Ethereum
V2A Morpho V2 vault on Ethereum that lends out USDC deposits, curated by 9Summits. Depositors earn 12.32% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
12.32%
after fees, paid to depositors
30-day APY
12.20%
7-day 10.41%, from the share price
Deposits
$908K
907.91K USDC
Withdrawable now
$307K
34% of deposits
Performance fee
10%
of the interest earned
Depositors
66
largest holds 33.2%
9Summits Piku Ecosystem 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 |
|---|---|---|
| CarryTradeUSDTRYLeverage / USDCLLTV 62.5% | $1.19M | 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
| CarryTradeUSDTRYLeverage | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 11.91% |
|---|---|
| Last 7 days | 10.41% |
| Last 30 days | 12.20% |
Who controls this vault
| Curator | 9Summits |
|---|---|
| Owner | 0x9999…121B3-of-6 multisig |
| Timelock to raise a cap | 7 dayswait before more can go into a market |
| Timelock to add an adapter | 7 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 |
| Pending changes | 4IncreaseRelativeCap from September 18, 2026; IncreaseRelativeCap from September 18, 2026; IncreaseAbsoluteCap from September 18, 2026 |
| Created | September 11, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDCprice $0.9997 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 13.78% |
| Vault contract | 0xC30C…73ef |
| USDC token | 0xA0b8…eB48 |
| Network | Ethereum |
The curator's description: "The Piku USDC vault allows lenders to deploy USDC with exposure to Piku Ecosystem Vaults markets."
Largest depositors
66 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x661e…aa87 | $302K | 33.2% |
| 0x4810…Aff7 | $152K | 16.7% |
| 0x7f52…eADd | $145K | 16.0% |
| 0xd02e…B6c6 | $71.1K | 7.8% |
| 0x748f…7699 | $62.7K | 6.9% |
| 0x9B81…3be4 | $50.6K | 5.6% |
| 0xe08b…a36F | $50.2K | 5.5% |
| 0x6BDc…D57C | $36.4K | 4.0% |
| 0x44E6…dC2D | $33.1K | 3.6% |
| 0x97B4…5978 | $25.3K | 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 9Summits Piku Ecosystem USDC
9Summits Piku Ecosystem USDC is a Morpho V2 vault on Ethereum, created on September 11, 2026. It takes USDC deposits and lends them to borrowers in 1 Morpho market. The curator, 9Summits, decides which markets it may use and how much can go into each.
It holds $908K (907.91K USDC) from 66 depositors and pays a net APY of 12.32% after its 10% performance fee. Over the last 30 days depositors actually earned 12.20% a year.
Its largest position is CarryTradeUSDTRYLeverage / USDC at 100% of its deposits. Counting every market, its loans are backed mainly by CarryTradeUSDTRYLeverage (100%). 34% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 7 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.
9Summits Piku Ecosystem USDC: quick answers
What is the APY of 9Summits Piku Ecosystem USDC on Ethereum?
9Summits Piku Ecosystem USDC pays 12.32% net APY right now, after its fees. Measured from the growth of its share price, it paid 12.20% over the last 30 days. The rate changes every day with what its borrowers pay.
What does 9Summits Piku Ecosystem USDC lend against?
It lends USDC through 1 Morpho market. The biggest is CarryTradeUSDTRYLeverage / USDC with 100% of its deposits. Overall its loans are backed mainly by CarryTradeUSDTRYLeverage (100%).
Can I withdraw from 9Summits Piku Ecosystem USDC right now?
About $307K of its $908K in deposits (34%) 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 9Summits Piku Ecosystem USDC and what does it charge?
9Summits 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 9Summits Piku Ecosystem 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 7 days. This is not advice.
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