August USPC on Monad
V2A Morpho V2 vault on Monad that lends out USDC deposits, curated by August Digital. Depositors earn 6.47% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
6.47%
incl. 1.27% in rewards
30-day APY
4.20%
7-day 5.09%, from the share price
Deposits
$5.76M
5.76M USDC
Withdrawable now
$534K
9% of deposits
Performance fee
0%
of the interest earned
Depositors
3
largest holds 32.6%
August USPC 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 |
|---|---|---|
| USPC / USDCLLTV 91.5% | $1.87M | 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
| USPC | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 4.55% |
|---|---|
| Last 7 days | 5.09% |
| Last 30 days | 4.20% |
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 | October 4, 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 | 5.20% |
| Rewards | USDC 1.00%, WMON 0.27% |
| Vault contract | 0xdE16…768B |
| USDC token | 0x7547…b603 |
| Network | Monad |
The curator's description: "The August USPC vault allows users to earn interest on USDC by lending against USPC. USPC is the ERC-4626 wrapper for iUSPC, a tokenized structured note issued by Shift Capital Ltd. Its underlying portfolio follows an actively managed credit strategy across DeFi, CeFi and TradFi, focused on senior credit and overcollateralized lending managed by Asset Management Switzerland AG, a FINMA-licensed asset manager."
Largest depositors
3 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x9F1a…bD1a | $1.87M | 32.6% |
| 0xe6F4…eF07 | $1.0K | 0.0% |
| 0x0000…dEaD | $1.00 | <0.01% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About August USPC
August USPC is a Morpho V2 vault on Monad, created on October 4, 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 $5.76M (5.76M USDC) from 3 depositors and pays a net APY of 6.47% after its 0% performance fee. Over the last 30 days depositors actually earned 4.20% a year. About 1.27% of today's rate comes from USDC and WMON rewards, which can stop at any time.
Its largest position is USPC / USDC at 100% of its deposits. Counting every market, its loans are backed mainly by USPC (100%). 9% 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 USPC: quick answers
What is the APY of August USPC on Monad?
August USPC pays 6.47% net APY right now, after its fees and including 1.27% of rewards. Measured from the growth of its share price, it paid 4.20% over the last 30 days. The rate changes every day with what its borrowers pay.
What does August USPC lend against?
It lends USDC through 1 Morpho market. The biggest is USPC / USDC with 100% of its deposits. Overall its loans are backed mainly by USPC (100%).
Can I withdraw from August USPC right now?
About $534K of its $5.76M in deposits (9%) 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 USPC and what does it charge?
August Digital 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 August USPC?
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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