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Morpho Watch

Keyrock RLUSDV2

A Morpho V2 vault on Ethereum that lends out RLUSD deposits, curated by Keyrock. Depositors earn <0.01% a year right now after a 10% performance fee.

Data from Morpho's API · updated

Net APY

<0.01%

after fees, paid to depositors

30-day APY

0.36%

7-day <0.01%

Deposits

$736

736.16 RLUSD

Withdrawable now

$736

100% of deposits

Performance fee

10%

of the interest earned

Depositors

5

largest holds 100.0%

Open in the Morpho app ↗Earnings calculator

Keyrock RLUSD APY history

Net APY earned each day, measured from the vault's share price

Deposits over time

Where the money goes

The markets this vault lends to right now, largest first

MarketLentShareSupply APYUtilizationCap
This vault is not lending anything right now.

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

weETH–
kBTC–
syrupUSDC–
cbBTC–

Returns over time

Net APY actually earned over each period, from the share price

Last day<0.01%
Last 7 days<0.01%
Last 30 days0.36%
Since the vault started1.39%

Who controls this vault

CuratorKeyrock
Owner0xbA75…83Fd
Timelock to raise a cap3 dayswait before more can go into a market
Timelock to add an adapter3 dayswait before a new kind of investment
Timelock to raise feesNone
Allocators1addresses that move money between markets
Sentinels1can pull money back or cut caps in an emergency
CreatedJune 8, 2026

Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.

Details

Deposit assetRLUSDprice $1.0000
Vault versionMorpho Vault V2
APY before fees<0.01%
Vault contract0x41BA…E2d7
RLUSD token0x8292…17eD
NetworkEthereum

The curator's description: "Keyrock RLUSD dynamically deploys capital against blue chip pairs to maximize yield and optimize RLUSD holdings."

Largest depositors

5 addresses hold shares in this vault

AddressDepositShare of vault
0xbA75…83Fd$736100.0%
0x0000…8A90$00.0%
0x1121…0a11$00.0%
0xC278…6904$00.0%
0x0000…dEaD$00.0%

When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.

About Keyrock RLUSD

Keyrock RLUSD is a Morpho V2 vault on Ethereum, created on June 8, 2026. It takes RLUSD deposits and lends them to borrowers in 0 Morpho markets. The curator, Keyrock, decides which markets it may use and how much can go into each.

It holds $736 (736.16 RLUSD) from 5 depositors and pays a net APY of 0.00% after its 10% performance fee. Over the last 30 days depositors actually earned 0.36% a year.

Risky changes, such as adding a market, wait behind a 3-day timelock on raising caps, which gives depositors time to leave first. Morpho's app shows no warnings for this vault.

Keyrock RLUSD: quick answers

What is the APY of Keyrock RLUSD on Ethereum?

Keyrock RLUSD pays 0.00% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.36% over the last 30 days. The rate changes every day with what its borrowers pay.

Can I withdraw from Keyrock RLUSD right now?

Yes: all of its $736 in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed RLUSD left. That can change quickly when borrowing picks up.

Who runs Keyrock RLUSD and what does it charge?

Keyrock 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 Keyrock RLUSD?

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 on raising caps. This is not advice.

Other RLUSD vaults

The same deposit asset, other curators and networks

All RLUSD options →
Vault Deposits Net APY 30-day APY Fee Withdrawable
Sentora RLUSD MainV2Sentora · Ethereum · $418.7M $418.7M418.70M RLUSD 5.94%incl. 3.07% rewards 2.67% 10% $37.09M
Sentora x Spark RLUSDV2Sentora, SparkDAO · Ethereum · $250.0M $250.0M250.00M RLUSD 0.04% 0.02% 10% $247.0M