August USDC V2 V2 on Monad
A Morpho V2 vault on Monad that lends out USDC deposits, curated by August Digital. Depositors earn 8.28% a year right now after a 0% performance fee and a 0.2% yearly management fee.
Data from Morpho's API · updated
Net APY
8.28%
incl. 0.82% in rewards
30-day APY
7.58%
7-day 7.72%, from the share price
Deposits
$14.90M
14.90M USDC
Withdrawable now
$1.47M
10% of deposits
Performance fee
0%
plus 0.2% a year
Depositors
1,925
largest holds 20.3%
August USDC V2 V2 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 |
|---|---|---|
| earnAUSD / USDCLLTV 91.5% | $9.75M | 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
| earnAUSD | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 7.39% |
|---|---|
| Last 7 days | 7.72% |
| Last 30 days | 7.58% |
| Last 90 days | 6.48% |
Who controls this vault
| Curator | August Digital |
|---|---|
| Owner | 0x2a15…cdAF |
| 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 | None |
| Allocators | 1addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | March 16, 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 | 7.73% |
| Rewards | WMON 0.82% |
| Vault contract | 0x8001…bB59 |
| USDC token | 0x7547…b603 |
| Network | Monad |
The curator's description: "August Digitals Monad vault"
Largest depositors
1,925 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x1330…6c9c | $3.03M | 20.3% |
| 0x485c…6180 | $980K | 6.6% |
| 0x65cD…ec40 | $942K | 6.3% |
| 0xb00F…F58d | $573K | 3.8% |
| 0xd33B…17FE | $357K | 2.4% |
| 0x016b…84A9 | $350K | 2.4% |
| 0xE042…5Eee | $248K | 1.7% |
| 0x42b9…FE51 | $221K | 1.5% |
| 0x85ca…7927 | $205K | 1.4% |
| 0x0eBa…1a00 | $193K | 1.3% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About August USDC V2 V2
August USDC V2 V2 is a Morpho V2 vault on Monad, created on March 16, 2026. It takes USDC deposits and lends them to borrowers in 1 Morpho market. The curator, August Digital, decides which markets it may use and how much can go into each.
It holds $14.90M (14.90M USDC) from 1,925 depositors and pays a net APY of 8.28% after its 0% performance fee and 0.2% yearly management fee. Over the last 30 days depositors actually earned 7.58% a year. About 0.82% of today's rate comes from WMON rewards, which can stop at any time.
Its largest position is earnAUSD / USDC at 100% of its deposits. Counting every market, its loans are backed mainly by earnAUSD (100%). 10% 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. Morpho's app shows no warnings for this vault.
August USDC V2 V2: quick answers
What is the APY of August USDC V2 V2 on Monad?
August USDC V2 V2 pays 8.28% net APY right now, after its fees and including 0.82% of rewards. Measured from the growth of its share price, it paid 7.58% over the last 30 days. The rate changes every day with what its borrowers pay.
What does August USDC V2 V2 lend against?
It lends USDC through 1 Morpho market. The biggest is earnAUSD / USDC with 100% of its deposits. Overall its loans are backed mainly by earnAUSD (100%).
Can I withdraw from August USDC V2 V2 right now?
About $1.47M of its $14.90M in deposits (10%) 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 August USDC V2 V2 and what does it charge?
August Digital curates it. It keeps 0% of the interest earned as a performance fee and charges 0.2% a year as a management fee. The net APY shown is after these fees.
What are the risks of August USDC V2 V2?
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
