Sentora x Spark RLUSDV2
A Morpho V2 vault on Ethereum that lends out RLUSD deposits, curated by Sentora and SparkDAO. Depositors earn 0.04% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
0.04%
after fees, paid to depositors
30-day APY
0.02%
7-day 0.03%
Deposits
$250.0M
250.00M RLUSD
Withdrawable now
$247.0M
99% of deposits
Performance fee
10%
of the interest earned
Depositors
3
largest holds 100.0%
Sentora x Spark RLUSD 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 |
|---|---|---|
| WBTC / RLUSDLLTV 86% | $3.05M | 100.0% |
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
| WBTC | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 0.04% |
|---|---|
| Last 7 days | 0.03% |
| Last 30 days | 0.02% |
| Since the vault started | 0.02% |
Who controls this vault
| Curator | Sentora, SparkDAO |
|---|---|
| Owner | 0x3300…f8c4 |
| Timelock to raise a cap | 7 dayswait before more can go into a market |
| Timelock to add an adapter | 7 dayswait before a new kind of investment |
| Timelock to raise fees | 3 days |
| Allocators | 2addresses that move money between markets |
| Sentinels | 3can pull money back or cut caps in an emergency |
| Pending changes | 1SetForceDeallocatePenalty from September 28, 2026 |
| Created | September 1, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | RLUSDprice $1.0001 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.04% |
| Vault contract | 0xFC8C…6E22 |
| RLUSD token | 0x8292…17eD |
| Network | Ethereum |
The curator's description: "This RLUSD vault is curated by Sentora and co-governed with Sky. It lends against a collateral set reviewed by Sky governance starting with Bitcoin wrappers and applies Sentora risk management."
Largest depositors
3 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x1601…347E | $250.0M | 100.0% |
| 0xbE6b…EDF3 | $260 | <0.01% |
| 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 Sentora x Spark RLUSD
Sentora x Spark RLUSD is a Morpho V2 vault on Ethereum, created on September 1, 2026. It takes RLUSD deposits and lends them to borrowers in 1 Morpho market. The curator, Sentora and SparkDAO, decides which markets it may use and how much can go into each.
It holds $250.0M (250.00M RLUSD) from 3 depositors and pays a net APY of 0.04% after its 10% performance fee. Over the last 30 days depositors actually earned 0.02% a year.
Its largest position is WBTC / RLUSD at 100% of what it lends. Counting every market, its loans are backed mainly by WBTC (100%). 99% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 7-day timelock on raising caps, which gives depositors time to leave first. Morpho's app shows no warnings for this vault.
Sentora x Spark RLUSD: quick answers
What is the APY of Sentora x Spark RLUSD on Ethereum?
Sentora x Spark RLUSD pays 0.04% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.02% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Sentora x Spark RLUSD lend against?
It lends RLUSD through 1 Morpho market. The biggest is WBTC / RLUSD with 100% of its lending. Overall its loans are backed mainly by WBTC (100%).
Can I withdraw from Sentora x Spark RLUSD right now?
About $247.0M of its $250.0M in deposits (99%) 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 Sentora x Spark RLUSD and what does it charge?
Sentora and SparkDAO curate 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 Sentora x Spark RLUSD?
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 7-day timelock on raising caps. This is not advice.
Other RLUSD vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Sentora RLUSD MainV2Sentora · Ethereum · $418.7M | 5.96%incl. 3.08% rewards |