Flowdesk AUSD RWA Strategy on Ethereum
V2A Morpho V2 vault on Ethereum that lends out AUSD deposits, curated by Flowdesk. Depositors earn 5.30% a year right now after a 7.5% performance fee.
Data from Morpho's API · updated
Net APY
5.30%
after fees, paid to depositors
30-day APY
7.16%
7-day 5.11%, from the share price
Deposits
$2.46M
2.46M AUSD
Withdrawable now
$368K
15% of deposits
Performance fee
7.5%
of the interest earned
Depositors
105
largest holds 49.3%
Flowdesk AUSD RWA Strategy 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 |
|---|---|---|
| PST / AUSDLLTV 86% | $1.55M | 59.8% |
| sUSDai / AUSDLLTV 91.5% · under $1,000, not tracked here | $915K | 35.4% |
| syrupUSDC / AUSDLLTV 91.5% | $93.5K | 3.6% |
| sUSDat / AUSDLLTV 86% | $29.5K | 1.1% |
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
| PST | 85.3% |
|---|---|
| syrupUSDC | 14.2% |
| sUSDat | 0.5% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 5.55% |
|---|---|
| Last 7 days | 5.11% |
| Last 30 days | 7.16% |
| Last 90 days | 7.67% |
Who controls this vault
| Curator | Flowdesk |
|---|---|
| Owner | 0x3BDA…57eA |
| 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 | 3 days |
| Allocators | 2addresses that move money between markets |
| Sentinels | 3can pull money back or cut caps in an emergency |
| Created | March 16, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | AUSDprice $0.9991 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 5.74% |
| Vault contract | 0x3240…2F0C |
| AUSD token | 0x0000…012a |
| Network | Ethereum |
The curator's description: "Flowdesk AUSD RWA Strategy seeks to optimize yield by lending AUSD against a wide range of collateral. Users can also deposit Confidential AUSD cAUSD in batches via the Zama app at [app.zama.org](http://app.zama.org)"
Largest depositors
105 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xC687…B369 | $1.21M | 49.3% |
| 0xbEeD…6dBA | $542K | 22.0% |
| 0xd3D6…4477 | $502K | 20.4% |
| 0x843e…0639 | $99.8K | 4.1% |
| 0x0416…a64B | $63.0K | 2.6% |
| 0xaB6a…3067 | $62.0K | 2.5% |
| 0xA817…78eC | $40.9K | 1.7% |
| 0x7d35…6E16 | $11.2K | 0.5% |
| 0x4272…2cF8 | $10.2K | 0.4% |
| 0x78D0…0eBC | $8.5K | 0.3% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Flowdesk AUSD RWA Strategy
Flowdesk AUSD RWA Strategy is a Morpho V2 vault on Ethereum, created on March 16, 2026. It takes AUSD deposits and lends them to borrowers in 4 Morpho markets. The curator, Flowdesk, decides which markets it may use and how much can go into each.
It holds $2.46M (2.46M AUSD) from 105 depositors and pays a net APY of 5.30% after its 7.5% performance fee. Over the last 30 days depositors actually earned 7.16% a year.
Its largest position is PST / AUSD at 60% of its deposits, followed by sUSDai / AUSD (35%) and syrupUSDC / AUSD (4%). Counting every market, its loans are backed mainly by PST (85%) and syrupUSDC (14%). 15% 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.
Flowdesk AUSD RWA Strategy: quick answers
What is the APY of Flowdesk AUSD RWA Strategy on Ethereum?
Flowdesk AUSD RWA Strategy pays 5.30% net APY right now, after its fees. Measured from the growth of its share price, it paid 7.16% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Flowdesk AUSD RWA Strategy lend against?
It lends AUSD through 4 Morpho markets. The biggest is PST / AUSD with 60% of its deposits. Overall its loans are backed mainly by PST (85%) and syrupUSDC (14%).
Can I withdraw from Flowdesk AUSD RWA Strategy right now?
About $368K of its $2.46M in deposits (15%) 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 Flowdesk AUSD RWA Strategy and what does it charge?
Flowdesk curates it. It keeps 7.5% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Flowdesk AUSD RWA Strategy?
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 AUSD vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| SharpByte AUSD Tori EcosystemV2SharpByte · Monad · $6.21M | 7.02%incl. 2.45% rewards |
| Y10k AUSD VaultV2RockawayX, Y10k Capital · Monad · $5.80M | 6.14%incl. 1.48% rewards |
| Bitwise Premium RWA AUSDV2Bitwise · Ethereum · $4.85M | 4.36% |
| RockawayX infiniFi AUSDV2RockawayX · Monad · $4.64M | 6.99%incl. 1.35% rewards |
| Clearstar Accountable AUSDV2Clearstar · Monad · $2.82M | 6.44% |
| Steakhouse High Yield InstantV2Steakhouse Financial · Ethereum · $775K | 4.05% |
| SharpByte AUSD mROXV2SharpByte · Monad · $503K | 1.50%incl. 1.50% rewards |
