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Morpho Watch

RockawayX NUVA EcosystemV2

A Morpho V2 vault on Ethereum that lends out USDC deposits, curated by RockawayX. Depositors earn 7.50% a year right now after a 0% performance fee.

Data from Morpho's API · updated

Net APY

7.50%

incl. 2.79% in rewards

30-day APY

5.99%

7-day 4.64%

Deposits

$1.64M

1.64M USDC

Withdrawable now

$345K

21% of deposits

Performance fee

0%

of the interest earned

Depositors

34

largest holds 61.4%

Open in the Morpho app ↗Earnings calculator

RockawayX NUVA Ecosystem 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
nvPRIME / USDCLLTV 86% $1.29M 78.9% 4.76% 90.0% –
cbBTC / USDCLLTV 86% $345K 21.1% 4.50% 90.2% –

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

nvPRIME78.9%
cbBTC21.1%

Returns over time

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

Last day7.50%
Last 7 days4.64%
Last 30 days5.99%
Since the vault started6.37%

Who controls this vault

CuratorRockawayX
Owner0xbBac…f9184-of-8 multisig
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
Allocators2addresses that move money between markets
Sentinels1can pull money back or cut caps in an emergency
CreatedAugust 5, 2026

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

Details

Deposit assetUSDCprice $0.9999
Vault versionMorpho Vault V2
APY before fees4.71%
RewardsUSDC 2.79%
Vault contract0x93e0…5a2E
USDC token0xA0b8…eB48
NetworkEthereum

The curator's description: "The NUVA USDC Main vault allows users to deploy USDC with exclusive exposure to Real World Assets RWA tokenized and issued by NUVA (BVI) SPC."

Largest depositors

34 addresses hold shares in this vault

AddressDepositShare of vault
0xFFE2…6130$1.00M61.4%
0x4810…Aff7$151K9.2%
0x661e…aa87$150K9.2%
0xEDb7…374B$100K6.1%
0x9781…B470$98.9K6.0%
0x20FC…0217$31.5K1.9%
0x716D…6b66$30.3K1.8%
0x6583…620D$17.2K1.0%
0x715B…54Dc$17.0K1.0%
0x258A…C71D$10.0K0.6%

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

About RockawayX NUVA Ecosystem

RockawayX NUVA Ecosystem is a Morpho V2 vault on Ethereum, created on August 5, 2026. It takes USDC deposits and lends them to borrowers in 2 Morpho markets. The curator, RockawayX, decides which markets it may use and how much can go into each.

It holds $1.64M (1.64M USDC) from 34 depositors and pays a net APY of 7.50% after its 0% performance fee. Over the last 30 days depositors actually earned 5.99% a year. About 2.79% of today's rate comes from USDC rewards, which can stop at any time.

Its largest position is nvPRIME / USDC at 79% of what it lends, followed by cbBTC / USDC (21%). Counting every market, its loans are backed mainly by nvPRIME (79%) and cbBTC (21%). 21% 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 4-of-8 multisig wallet. Morpho's app shows no warnings for this vault.

RockawayX NUVA Ecosystem: quick answers

What is the APY of RockawayX NUVA Ecosystem on Ethereum?

RockawayX NUVA Ecosystem pays 7.50% net APY right now, after its fees and including 2.79% of rewards. Measured from the growth of its share price, it paid 5.99% over the last 30 days. The rate changes every day with what its borrowers pay.

What does RockawayX NUVA Ecosystem lend against?

It lends USDC through 2 Morpho markets. The biggest is nvPRIME / USDC with 79% of its lending. Overall its loans are backed mainly by nvPRIME (79%) and cbBTC (21%).

Can I withdraw from RockawayX NUVA Ecosystem right now?

About $345K of its $1.64M 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 RockawayX NUVA Ecosystem and what does it charge?

RockawayX curates it. It keeps 0% of the interest earned as a performance fee. The net APY shown is after these fees.

What are the risks of RockawayX NUVA Ecosystem?

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.

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