Hyperithm USDC Apex
A Morpho vault on Ethereum that lends out USDC deposits, curated by Hyperithm. Depositors earn 7.09% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
7.09%
after fees, paid to depositors
30-day APY
7.24%
7-day 7.02%
Deposits
$1.55M
1.55M USDC
Withdrawable now
$328K
21% of deposits
Performance fee
10%
of the interest earned
Depositors
230
largest holds 14.4%
Hyperithm USDC Apex 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 |
|---|---|---|
| mHyperBTC / USDCLLTV 77% | $1.24M | 80.0% |
| mHYPER / USDCLLTV 77% | $310K | 20.0% |
| WBTC / USDCLLTV 86% | $0 | 0.0% |
| wstETH / USDCLLTV 86% | $0 | 0.0% |
| Idle cashnot lent out | $0 | 0.0% |
| cbBTC / 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
| mHyperBTC | 80.0% |
|---|---|
| mHYPER | 20.0% |
| WBTC | 0.0% |
| wstETH | 0.0% |
| Other | 0.0% |
| cbBTC | 0.0% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 6.76% |
|---|---|
| Last 7 days | 7.02% |
| Last 30 days | 7.24% |
| Last year | 7.02% |
| Since the vault started | 7.05% |
Who controls this vault
| Curator | Hyperithm |
|---|---|
| Owner | 0xEe7E…18C82-of-3 multisig |
| Guardian | 0x3C48…8B1f |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 2addresses that move money between markets |
| Created | February 25, 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 | 7.91% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x7777…7777 |
| USDC token | 0xA0b8…eB48 |
| Network | Ethereum |
The curator's description: "Hyperithm USDC Apex vault maximizes yield by swiftly integrating unique collaterals providing borrowers with high-return opportunities through active optimization while ensuring effective risk management."
Largest depositors
230 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x0b9E…79e8 | $223K | 14.4% |
| 0x650f…7b00 | $211K | 13.6% |
| 0x0D92…Ba9D | $208K | 13.4% |
| 0x171f…a073 | $101K | 6.5% |
| 0xaFBf…36E9 | $101K | 6.5% |
| 0x6a09…C6fF | $93.1K | 6.0% |
| 0x96E4…4d3E | $71.9K | 4.6% |
| 0x2190…40a9 | $65.4K | 4.2% |
| 0x0E01…E8dB | $50.2K | 3.2% |
| 0x7A9f…4E3d | $43.5K | 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 Hyperithm USDC Apex
Hyperithm USDC Apex is a MetaMorpho vault (Morpho V1) on Ethereum, created on February 25, 2025. It takes USDC deposits and lends them to borrowers in 2 Morpho markets. The curator, Hyperithm, decides which markets it may use and how much can go into each.
It holds $1.55M (1.55M USDC) from 230 depositors and pays a net APY of 7.09% after its 10% performance fee. Over the last 30 days depositors actually earned 7.24% a year, and 7.02% over the last year.
Its largest position is mHyperBTC / USDC at 80% of what it lends, followed by mHYPER / USDC (20%). Counting every market, its loans are backed mainly by mHyperBTC (80%) and mHYPER (20%). 21% 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. The owner is a 2-of-3 multisig wallet. Morpho's app shows no warnings for this vault.
Hyperithm USDC Apex: quick answers
What is the APY of Hyperithm USDC Apex on Ethereum?
Hyperithm USDC Apex pays 7.09% net APY right now, after its fees. Measured from the growth of its share price, it paid 7.24% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Hyperithm USDC Apex lend against?
It lends USDC through 2 Morpho markets. The biggest is mHyperBTC / USDC with 80% of its lending. Overall its loans are backed mainly by mHyperBTC (80%) and mHYPER (20%).
Can I withdraw from Hyperithm USDC Apex right now?
About $328K of its $1.55M in deposits (21%) 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 Hyperithm USDC Apex and what does it charge?
Hyperithm 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 Hyperithm USDC Apex?
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