Frax Ecosystem Accelerator on Ethereum
V2A Morpho V2 vault on Ethereum that lends out frxUSD deposits, curated by CrossWorlds (by Stake DAO). Depositors earn 14.36% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
14.36%
incl. 13.45% in rewards
30-day APY
–
the vault is younger than 30 days
Deposits
$410K
410.10K frxUSD
Withdrawable now
$501
0% of deposits
Performance fee
10%
of the interest earned
Depositors
–
addresses holding shares
Frax Ecosystem Accelerator 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 |
|---|---|---|
| stakedao-USD3frxUSD / frxUSDLLTV 86% | $82.0K | 20.0% |
| stakedao-frxSVUSD / frxUSDLLTV 86% | $82.0K | 20.0% |
| stakedao-frxUsDOLA / frxUSDLLTV 91.5% | $82.0K | 20.0% |
| stakedao-frx-trUSD / frxUSDLLTV 86% | $81.9K | 20.0% |
| stakedao-frxsUSDe / frxUSDLLTV 86% | $81.8K | 19.9% |
| Unlisted marketnot tracked here | $501 | 0.1% |
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
| stakedao-USD3frxUSD | 20.0% |
|---|---|
| stakedao-frxSVUSD | 20.0% |
| stakedao-frxUsDOLA | 20.0% |
| stakedao-frx-trUSD | 20.0% |
| stakedao-frxsUSDe | 19.9% |
| Small or unlisted markets | 0.1% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 1.65% |
|---|---|
| Last 7 days | 0.83% |
Who controls this vault
| Curator | CrossWorlds (by Stake DAO) |
|---|---|
| Owner | 0xc805…f9cE |
| Created | October 19, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | frxUSDprice $1.0000 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 1.01% |
| Rewards | frxUSD 11.02%, USDC 1.20%, WFRAX 1.23% |
| Vault contract | 0x038d…6708 |
| frxUSD token | 0xCAcd…6E29 |
| Network | Ethereum |
About Frax Ecosystem Accelerator
Frax Ecosystem Accelerator is a Morpho V2 vault on Ethereum, created on October 19, 2026. It takes frxUSD deposits and lends them to borrowers in 6 Morpho markets. The curator, CrossWorlds (by Stake DAO), decides which markets it may use and how much can go into each.
It holds $410K (410.10K frxUSD) and pays a net APY of 14.36% after its 10% performance fee. About 13.45% of today's rate comes from frxUSD, USDC and WFRAX rewards, which can stop at any time.
Its largest position is stakedao-USD3frxUSD / frxUSD at 20% of its deposits, followed by stakedao-frxSVUSD / frxUSD (20%) and stakedao-frxUsDOLA / frxUSD (20%). Counting every market, its loans are backed mainly by stakedao-USD3frxUSD (20%), stakedao-frxSVUSD (20%) and stakedao-frxUsDOLA (20%). 0% of deposits could be withdrawn right now.
Morpho's app shows no warnings for this vault.
Frax Ecosystem Accelerator: quick answers
What is the APY of Frax Ecosystem Accelerator on Ethereum?
Frax Ecosystem Accelerator pays 14.36% net APY right now, after its fees and including 13.45% of rewards. The rate changes every day with what its borrowers pay.
What does Frax Ecosystem Accelerator lend against?
It lends frxUSD through 6 Morpho markets. The biggest is stakedao-USD3frxUSD / frxUSD with 20% of its deposits. Overall its loans are backed mainly by stakedao-USD3frxUSD (20%), stakedao-frxSVUSD (20%) and stakedao-frxUsDOLA (20%).
Can I withdraw from Frax Ecosystem Accelerator right now?
About $501 of its $410K in deposits (0%) 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 Frax Ecosystem Accelerator and what does it charge?
CrossWorlds (by Stake DAO) 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 Frax Ecosystem Accelerator?
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. This is not advice.
Other frxUSD vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Stake DAO frxUSD High YieldV2CrossWorlds (by Stake DAO) · Ethereum · $655K | 2.63%incl. 1.22% rewards |
| Feather frxUSDV2Feather · Polygon · $105K | 33.62%incl. 6.78% rewards |
