RockawayX USDC Yield on Ethereum
V2A Morpho V2 vault on Ethereum that lends out USDC deposits, curated by RockawayX. Depositors earn 9.05% a year right now after a 5% performance fee.
Data from Morpho's API · updated
Net APY
9.05%
incl. 0.73% in rewards
30-day APY
7.95%
7-day 7.80%, from the share price
Deposits
$34.60M
34.60M USDC
Withdrawable now
$14.42M
42% of deposits
Performance fee
5%
of the interest earned
Depositors
187
largest holds 20.7%
RockawayX USDC Yield 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% | $17.69M | 67.3% |
| strUSD / USDCLLTV 86% | $3.63M | 13.8% |
| fxSAVE / USDCLLTV 91.5% | $2.44M | 9.3% |
| USPC / USDCLLTV 91.5% | $1.50M | 5.7% |
| etrUSD / USDCLLTV 86% | $507K | 1.9% |
| PT-strUSD-26NOV2026 / USDCLLTV 86% | $492K | 1.9% |
| oTFY / USDCLLTV 77% | $18.3K | 0.1% |
| wsrUSD / USDCLLTV 91.5% | $2.00 | <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
| PT-reUSD-10DEC2026 | 78.6% |
|---|---|
| fxSAVE | 14.4% |
| USPC | 4.3% |
| strUSD | 1.2% |
| PT-strUSD-26NOV2026 | 1.0% |
| PT-siUSD-7JAN2027 | 0.3% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 7.71% |
|---|---|
| Last 7 days | 7.80% |
| Last 30 days | 7.95% |
| Last 90 days | 6.78% |
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 | 1IncreaseTimelock from July 31, 2026 |
| Created | March 23, 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 | 8.78% |
| Rewards | FXN 0.66%, USDC 0.07% |
| Vault contract | 0xE018…1965 |
| USDC token | 0xA0b8…eB48 |
| Network | Ethereum |
The curator's description: "The RockawayX USDC Yield vault offers higher lending rates on USDC by serving borrowing demand from leveraged yield strategies. Users can deposit Confidential USDC cUSDC in batches via the Zama app at [app.zama.org](http://app.zama.org)"
Largest depositors
187 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x16f2…8BbF | $7.15M | 20.7% |
| 0x4Ae6…Af1B | $3.07M | 8.9% |
| 0x3347…72D6 | $2.30M | 6.6% |
| 0xc3b3…f53b | $1.70M | 4.9% |
| 0x4F87…0545 | $1.63M | 4.7% |
| 0x485c…6180 | $1.50M | 4.3% |
| 0xb459…FF10 | $701K | 2.0% |
| 0x181E…A226 | $565K | 1.6% |
| 0x9AcC…30a8 | $554K | 1.6% |
| 0xd93e…E5d2 | $540K | 1.6% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About RockawayX USDC Yield
RockawayX USDC Yield is a Morpho V2 vault on Ethereum, created on March 23, 2026. It takes USDC deposits and lends them to borrowers in 8 Morpho markets. The curator, RockawayX, decides which markets it may use and how much can go into each.
It holds $34.60M (34.60M USDC) from 187 depositors and pays a net APY of 9.05% after its 5% performance fee. Over the last 30 days depositors actually earned 7.95% a year. About 0.73% of today's rate comes from FXN and USDC rewards, which can stop at any time.
Its largest position is PT-reUSD-10DEC2026 / USDC at 67% of its deposits, followed by strUSD / USDC (14%) and fxSAVE / USDC (9%). Counting every market, its loans are backed mainly by PT-reUSD-10DEC2026 (79%), fxSAVE (14%) and USPC (4%). 42% 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 USDC Yield: quick answers
What is the APY of RockawayX USDC Yield on Ethereum?
RockawayX USDC Yield pays 9.05% net APY right now, after its fees and including 0.73% of rewards. Measured from the growth of its share price, it paid 7.95% over the last 30 days. The rate changes every day with what its borrowers pay.
What does RockawayX USDC Yield lend against?
It lends USDC through 8 Morpho markets. The biggest is PT-reUSD-10DEC2026 / USDC with 67% of its deposits. Overall its loans are backed mainly by PT-reUSD-10DEC2026 (79%), fxSAVE (14%) and USPC (4%).
Can I withdraw from RockawayX USDC Yield right now?
About $14.42M of its $34.60M in deposits (42%) 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 USDC Yield and what does it charge?
RockawayX curates it. It keeps 5% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of RockawayX USDC Yield?
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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