RockawayX Confidential RWA USDC on Ethereum
V2A Morpho V2 vault on Ethereum that lends out USDC deposits, curated by RockawayX. Depositors earn 10.28% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
10.28%
after fees, paid to depositors
30-day APY
7.88%
7-day 7.91%, from the share price
Deposits
$18.18M
18.19M USDC
Withdrawable now
$13.33M
73% of deposits
Performance fee
10%
of the interest earned
Depositors
4
largest holds 168.1%
RockawayX Confidential RWA USDC 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 |
|---|---|---|
| PT-reUSD-10DEC2026 / USDCLLTV 91.5% | $22.41M | 73.3% |
| PST / USDCLLTV 86% | $5.54M | 18.1% |
| oTFY / USDCLLTV 77% | $1.85M | 6.0% |
| AUTO / USDCLLTV 91.5% · under $1,000, not tracked here | $775K | 2.5% |
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 | 97.3% |
|---|---|
| AUTO | 2.7% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 7.99% |
|---|---|
| Last 7 days | 7.91% |
| Last 30 days | 7.88% |
Who controls this vault
| Curator | RockawayX |
|---|---|
| Owner | 0xbBac…f9184-of-8 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 | 3 days |
| Allocators | 4addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Pending changes | 2IncreaseRelativeCap from October 31, 2026; IncreaseAbsoluteCap from October 31, 2026 |
| Created | September 9, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDCprice $0.9997 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 11.48% |
| Vault contract | 0xc207…Da36 |
| USDC token | 0xA0b8…eB48 |
| Network | Ethereum |
The curator's description: "The RWA USDC Vault curated by RockawayX provides a single access point to diversified market-neutral yield. Users can deposit Confidential USDC cUSDC in batches via the Zama app at app.zama.org"
Largest depositors
4 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xB1B1…EB30 | $30.56M | 168.1% |
| 0x4E65…b646 | $14.6K | 0.1% |
| 0xA994…3827 | $0 | 0.0% |
| 0x084f…eEc1 | $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 RockawayX Confidential RWA USDC
RockawayX Confidential RWA USDC is a Morpho V2 vault on Ethereum, created on September 9, 2026. It takes USDC deposits and lends them to borrowers in 4 Morpho markets. The curator, RockawayX, decides which markets it may use and how much can go into each.
It holds $18.18M (18.19M USDC) from 4 depositors and pays a net APY of 10.28% after its 10% performance fee. Over the last 30 days depositors actually earned 7.88% a year.
Its largest position is PT-reUSD-10DEC2026 / USDC at 73% of its deposits, followed by PST / USDC (18%) and oTFY / USDC (6%). Counting every market, its loans are backed mainly by PT-reUSD-10DEC2026 (97%) and AUTO (3%). 73% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 3 days, which gives depositors time to leave first. The owner is a 4-of-8 multisig wallet. Morpho's app shows no warnings for this vault.
RockawayX Confidential RWA USDC: quick answers
What is the APY of RockawayX Confidential RWA USDC on Ethereum?
RockawayX Confidential RWA USDC pays 10.28% net APY right now, after its fees. Measured from the growth of its share price, it paid 7.88% over the last 30 days. The rate changes every day with what its borrowers pay.
What does RockawayX Confidential RWA USDC lend against?
It lends USDC through 4 Morpho markets. The biggest is PT-reUSD-10DEC2026 / USDC with 73% of its deposits. Overall its loans are backed mainly by PT-reUSD-10DEC2026 (97%) and AUTO (3%).
Can I withdraw from RockawayX Confidential RWA USDC right now?
About $13.33M of its $18.18M in deposits (73%) 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 RockawayX Confidential RWA USDC and what does it charge?
RockawayX 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 RockawayX Confidential RWA USDC?
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. Adding a market or raising a cap waits behind a timelock of 3 days. This is not advice.
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