Re Ecosystem VaultV2
A Morpho V2 vault on Ethereum that lends out USDC deposits, curated by Clearstar. Depositors earn 5.38% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
5.38%
after fees, paid to depositors
30-day APY
6.12%
7-day 6.16%
Deposits
$7.21M
7.21M USDC
Withdrawable now
$5.32M
74% of deposits
Performance fee
10%
of the interest earned
Depositors
87
largest holds 70.9%
Re Ecosystem 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 |
|---|---|---|
| PT-reUSD-10DEC2026 / USDCLLTV 91.5% | $5.32M | 73.8% |
| reUSD / USDCLLTV 91.5% | $1.89M | 26.2% |
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
| PT-reUSD-10DEC2026 | 73.8% |
|---|---|
| reUSD | 26.2% |
| PT-reUSD-25JUN2026 | 0.0% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 5.66% |
|---|---|
| Last 7 days | 6.16% |
| Last 30 days | 6.12% |
| Since the vault started | 31355832.85% |
Who controls this vault
| Curator | Clearstar |
|---|---|
| Owner | 0xb3CF…2B443-of-6 multisig |
| 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 | None |
| Allocators | 3addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Pending changes | 2DecreaseTimelock from July 26, 2026; SetForceDeallocatePenalty from July 19, 2026 |
| Created | December 3, 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 | Morpho Vault V2 |
| APY before fees | 5.99% |
| Vault contract | 0xD1E9…4A7e |
| USDC token | 0xA0b8…eB48 |
| Network | Ethereum |
The curator's description: "Re Ecosystem Vault exclusively allocates to assets related to the re.xyz ecosystem. Find more info about Re on their website re.xyz"
Largest depositors
87 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xd609…DBeC | $5.11M | 70.9% |
| 0x4C1A…9D0f | $678K | 9.4% |
| 0x80f6…9AD5 | $210K | 2.9% |
| 0xE5EC…7366 | $201K | 2.8% |
| 0x5283…41a5 | $171K | 2.4% |
| 0x596A…251a | $160K | 2.2% |
| 0xCaEB…51C4 | $93.0K | 1.3% |
| 0x7EC3…5F36 | $84.2K | 1.2% |
| 0x8f5E…AFE8 | $52.6K | 0.7% |
| 0x79be…A18f | $51.6K | 0.7% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Re Ecosystem Vault
Re Ecosystem Vault is a Morpho V2 vault on Ethereum, created on December 3, 2025. It takes USDC deposits and lends them to borrowers in 2 Morpho markets. The curator, Clearstar, decides which markets it may use and how much can go into each.
It holds $7.21M (7.21M USDC) from 87 depositors and pays a net APY of 5.38% after its 10% performance fee. Over the last 30 days depositors actually earned 6.12% a year.
Its largest position is PT-reUSD-10DEC2026 / USDC at 74% of what it lends, followed by reUSD / USDC (26%). Counting every market, its loans are backed mainly by PT-reUSD-10DEC2026 (74%) and reUSD (26%). 74% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 3-day timelock on raising caps, which gives depositors time to leave first. The owner is a 3-of-6 multisig wallet. Morpho's app shows no warnings for this vault.
Re Ecosystem Vault: quick answers
What is the APY of Re Ecosystem Vault on Ethereum?
Re Ecosystem Vault pays 5.38% net APY right now, after its fees. Measured from the growth of its share price, it paid 6.12% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Re Ecosystem Vault lend against?
It lends USDC through 2 Morpho markets. The biggest is PT-reUSD-10DEC2026 / USDC with 74% of its lending. Overall its loans are backed mainly by PT-reUSD-10DEC2026 (74%) and reUSD (26%).
Can I withdraw from Re Ecosystem Vault right now?
About $5.32M of its $7.21M in deposits (74%) 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 Re Ecosystem Vault and what does it charge?
Clearstar 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 Re Ecosystem 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 on raising caps. This is not advice.
Other USDC vaults
The same deposit asset, other curators and networks