YO Ecosystem Vault on Ethereum
V2A Morpho V2 vault on Ethereum that lends out USDC deposits, curated by KPK. Depositors earn 9.00% a year right now after a 5% performance fee.
Data from Morpho's API · updated
Net APY
9.00%
incl. 8.46% in rewards
30-day APY
0.46%
7-day 0.56%, from the share price
Deposits
$3.31M
3.31M USDC
Withdrawable now
$813K
25% of deposits
Performance fee
5%
of the interest earned
Depositors
58
largest holds 19.7%
YO Ecosystem Vault 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 |
|---|---|---|
| yoUSD / USDCLLTV 86% | $853K | 20.6% |
| yoUSD Edge / USDCLLTV 77% | $204K | 4.9% |
| Idle cashnot lent out | $3.09M | 74.5% |
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
| yoUSD | 93.8% |
|---|---|
| yoUSD Edge | 6.2% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 0.54% |
|---|---|
| Last 7 days | 0.56% |
| Last 30 days | 0.46% |
Who controls this vault
| Curator | KPK |
|---|---|
| Owner | 0x8b88…A5375-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 | 14 days |
| Allocators | 4addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | October 6, 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 | 0.57% |
| Rewards | USDC 8.46% |
| Vault contract | 0x355A…61a7 |
| USDC token | 0xA0b8…eB48 |
| Network | Ethereum |
The curator's description: "A USDC vault with 24h automation lending against YO Protocols yield-bearing vault tokens like yoUSD and yoUSD Edge. Allocations are continuously rebalanced between the markets with per-market caps."
Largest depositors
58 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x732F…1e84 | $650K | 19.7% |
| 0xdd40…b3eE | $580K | 17.5% |
| 0x7E13…180E | $324K | 9.8% |
| 0x661e…aa87 | $300K | 9.1% |
| 0xfCBe…80f3 | $279K | 8.4% |
| 0xEDb7…374B | $250K | 7.6% |
| 0xa691…2765 | $220K | 6.7% |
| 0x44Bc…B278 | $201K | 6.1% |
| 0xFD4b…E81b | $200K | 6.0% |
| 0x6BDc…D57C | $144K | 4.4% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About YO Ecosystem Vault
YO Ecosystem Vault is a Morpho V2 vault on Ethereum, created on October 6, 2026. It takes USDC deposits and lends them to borrowers in 2 Morpho markets. The curator, KPK, decides which markets it may use and how much can go into each.
It holds $3.31M (3.31M USDC) from 58 depositors and pays a net APY of 9.00% after its 5% performance fee. Over the last 30 days depositors actually earned 0.46% a year. About 8.46% of today's rate comes from USDC rewards, which can stop at any time.
Its largest position is yoUSD / USDC at 21% of its deposits, followed by yoUSD Edge / USDC (5%). 75% sits idle, not lent out. Counting every market, its loans are backed mainly by yoUSD (94%) and yoUSD Edge (6%). 25% 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 5-of-8 multisig wallet. Morpho's app shows no warnings for this vault.
YO Ecosystem Vault: quick answers
What is the APY of YO Ecosystem Vault on Ethereum?
YO Ecosystem Vault pays 9.00% net APY right now, after its fees and including 8.46% of rewards. Measured from the growth of its share price, it paid 0.46% over the last 30 days. The rate changes every day with what its borrowers pay.
What does YO Ecosystem Vault lend against?
It lends USDC through 2 Morpho markets. The biggest is yoUSD / USDC with 21% of its deposits. 75% sits idle. Overall its loans are backed mainly by yoUSD (94%) and yoUSD Edge (6%).
Can I withdraw from YO Ecosystem Vault right now?
About $813K of its $3.31M in deposits (25%) 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 YO Ecosystem Vault and what does it charge?
KPK 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 YO 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. Adding a market or raising a cap waits behind a timelock of 3 days. This is not advice.
Other USDC vaults
The same deposit asset, other curators and networks
