Clearstar USDC Reactor
A Morpho vault on Ethereum that lends out USDC deposits, curated by Clearstar. Depositors earn 4.89% a year right now after a 25% performance fee.
Data from Morpho's API · updated
Net APY
4.89%
after fees, paid to depositors
30-day APY
6.15%
7-day 5.89%
Deposits
$1.28M
1.28M USDC
Withdrawable now
$619K
49% of deposits
Performance fee
25%
of the interest earned
Depositors
127
largest holds 25.7%
Clearstar USDC Reactor 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 86% | $884K | 69.3% |
| srRoyUSDC / USDCLLTV 91.5% | $379K | 29.7% |
| fxSAVE / USDCLLTV 86% | $10.8K | 0.8% |
| liUSD-1w / USDCLLTV 86% | $1.6K | 0.1% |
| PT-reUSD-10DEC2026 / USDCLLTV 91.5% | $621 | 0.0% |
| wFalconX / USDCLLTV 91.5% | $0 | 0.0% |
| OETH / USDCLLTV 86% | $0 | 0.0% |
| savUSD / USDCLLTV 91.5% | $0 | 0.0% |
| upUSDC / USDCLLTV 91.5% · not listed in the Morpho app | $0 | 0.0% |
| mAPOLLO / USDCLLTV 86% | $0 | 0.0% |
| siUSD / USDCLLTV 91.5% | $0 | 0.0% |
| mF-ONE / USDCLLTV 91.5% | $0 | 0.0% |
| AA_FalconXUSDC / USDCLLTV 77% | $0 | 0.0% |
| PT-reUSD-25JUN2026 / USDCLLTV 91.5% | $0 | 0.0% |
| reUSD / USDCLLTV 91.5% | $0 | 0.0% |
| cbBTC / USDCLLTV 86% | $0 | 0.0% |
| Idle cashnot lent out | $0 | 0.0% |
| stcUSD / USDCLLTV 91.5% · not listed in the Morpho app | $0 | 0.0% |
| syrupUSDC / USDCLLTV 91.5% | $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
| sUSN | 69.3% |
|---|---|
| srRoyUSDC | 29.7% |
| fxSAVE | 0.8% |
| liUSD-1w | 0.1% |
| PT-reUSD-10DEC2026 | 0.0% |
| wFalconX | 0.0% |
| OETH | 0.0% |
| savUSD | 0.0% |
| Other | 0.0% |
| mAPOLLO | 0.0% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 5.34% |
|---|---|
| Last 7 days | 5.89% |
| Last 30 days | 6.15% |
| Last year | 7.63% |
| Since the vault started | 7.62% |
Who controls this vault
| Curator | Clearstar |
|---|---|
| Owner | 0x3098…3458 |
| Guardian | 0x1bB2…8458 |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 0addresses that move money between markets |
| Created | April 16, 2025 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDCprice $0.9999 |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 6.58% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x62fE…dC78 |
| USDC token | 0xA0b8…eB48 |
| Network | Ethereum |
The curator's description: "The Clearstar USDC Reactor vault maximizes USDC yields while fostering the growth of high-quality collateral assets. By combining strategic asset selection with intelligent routing across efficient lending markets, it creates a flywheel of liquidity and sustainability. 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
127 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x0547…74f3 | $328K | 25.7% |
| 0x650f…7b00 | $207K | 16.2% |
| 0x2BcE…6733 | $109K | 8.5% |
| 0x80f6…9AD5 | $85.4K | 6.7% |
| 0xA18a…F224 | $69.9K | 5.5% |
| 0xAb36…1160 | $47.1K | 3.7% |
| 0x44E6…dC2D | $40.5K | 3.2% |
| 0x055C…337b | $34.8K | 2.7% |
| 0xf478…D543 | $31.0K | 2.4% |
| 0x750b…395c | $30.6K | 2.4% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Clearstar USDC Reactor
Clearstar USDC Reactor is a MetaMorpho vault (Morpho V1) on Ethereum, created on April 16, 2025. It takes USDC deposits and lends them to borrowers in 5 Morpho markets. The curator, Clearstar, decides which markets it may use and how much can go into each.
It holds $1.28M (1.28M USDC) from 127 depositors and pays a net APY of 4.89% after its 25% performance fee. Over the last 30 days depositors actually earned 6.15% a year, and 7.63% over the last year.
Its largest position is sUSN / USDC at 69% of what it lends, followed by srRoyUSDC / USDC (30%) and fxSAVE / USDC (1%). Counting every market, its loans are backed mainly by sUSN (69%), srRoyUSDC (30%) and fxSAVE (1%). 49% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 3-day timelock, which gives depositors time to leave first. Morpho's app shows no warnings for this vault.
Clearstar USDC Reactor: quick answers
What is the APY of Clearstar USDC Reactor on Ethereum?
Clearstar USDC Reactor pays 4.89% net APY right now, after its fees. Measured from the growth of its share price, it paid 6.15% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Clearstar USDC Reactor lend against?
It lends USDC through 5 Morpho markets. The biggest is sUSN / USDC with 69% of its lending. Overall its loans are backed mainly by sUSN (69%), srRoyUSDC (30%) and fxSAVE (1%).
Can I withdraw from Clearstar USDC Reactor right now?
About $619K of its $1.28M in deposits (49%) 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 Clearstar USDC Reactor 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 Clearstar USDC Reactor?
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. This is not advice.
Other USDC vaults
The same deposit asset, other curators and networks