Metronome msUSD Vault
A Morpho vault on Ethereum that lends out msUSD deposits, curated by Gauntlet. Depositors earn 0.21% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
0.21%
after fees, paid to depositors
30-day APY
0.29%
7-day 0.20%
Deposits
$18.60M
20.95M msUSD
Withdrawable now
$16.49M
89% of deposits
Performance fee
10%
of the interest earned
Depositors
7
largest holds 100.0%
Metronome msUSD Vault 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 |
|---|---|---|
| Idle cashnot lent out | $16.28M | 87.4% |
| siUSD / msUSDLLTV 91.5% | $2.27M | 12.2% |
| sUSDe / msUSDLLTV 91.5% | $68.9K | 0.4% |
| PRIME / msUSDLLTV 86% · not listed in the Morpho app | $426 | <0.01% |
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
| Other | 87.4% |
|---|---|
| siUSD | 12.2% |
| sUSDe | 0.4% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 0.21% |
|---|---|
| Last 7 days | 0.20% |
| Last 30 days | 0.29% |
| Last year | 2.29% |
| Since the vault started | 2.79% |
Who controls this vault
| Curator | Gauntlet |
|---|---|
| Owner | 0xC684…fAec4-of-7 multisig |
| Guardian | 0x7084…84cD |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 2addresses that move money between markets |
| Created | November 14, 2024 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | msUSDprice $0.8878 |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 0.23% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x6859…36c3 |
| msUSD token | 0xab5e…BEfA |
| Network | Ethereum |
The curator's description: "The Metronome msUSD vault will list a range of liquid collateral markets and continuously optimize risk-adjusted yield across those collateral markets."
Largest depositors
7 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x3515…e8b0 | $18.61M | 100.0% |
| 0x3470…b1b2 | $9.5K | 0.1% |
| 0x0000…8A90 | $46.00 | <0.01% |
| 0x1121…0a11 | $0 | 0.0% |
| 0xC278…6904 | $0 | 0.0% |
| 0x8335…d558 | $0 | 0.0% |
| 0x0000…dEaD | $0 | 0.0% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Metronome msUSD Vault
Metronome msUSD Vault is a MetaMorpho vault (Morpho V1) on Ethereum, created on November 14, 2024. It takes msUSD deposits and lends them to borrowers in 3 Morpho markets. The curator, Gauntlet, decides which markets it may use and how much can go into each.
It holds $18.60M (20.95M msUSD) from 7 depositors and pays a net APY of 0.21% after its 10% performance fee. Over the last 30 days depositors actually earned 0.29% a year, and 2.29% over the last year.
Its largest position is siUSD / msUSD at 12% of what it lends, followed by sUSDe / msUSD (0%) and PRIME / msUSD (<0.01%). Counting every market, its loans are backed mainly by Other (87%), siUSD (12%) and sUSDe (0%). 89% 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 4-of-7 multisig wallet. Morpho's app shows no warnings for this vault.
Metronome msUSD Vault: quick answers
What is the APY of Metronome msUSD Vault on Ethereum?
Metronome msUSD Vault pays 0.21% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.29% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Metronome msUSD Vault lend against?
It lends msUSD through 3 Morpho markets. The biggest is siUSD / msUSD with 12% of its lending. Overall its loans are backed mainly by Other (87%), siUSD (12%) and sUSDe (0%).
Can I withdraw from Metronome msUSD Vault right now?
About $16.49M of its $18.60M in deposits (89%) 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 Metronome msUSD Vault and what does it charge?
Gauntlet 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 Metronome msUSD Vault?
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.
