Hyperithm cbBTC Apex on Monad
V2A Morpho V2 vault on Monad that lends out cbBTC deposits, curated by Hyperithm. Depositors earn 2.81% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
2.81%
after fees, paid to depositors
30-day APY
2.20%
7-day 2.29%, from the share price
Deposits
$4.02M
55.92 cbBTC
Withdrawable now
$2.7K
0% of deposits
Performance fee
10%
of the interest earned
Depositors
124
largest holds 40.1%
Hyperithm cbBTC Apex 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 |
|---|---|---|
| aHyperBTC / cbBTCLLTV 77% | $4.60M | 100.0% |
| mHyperBTC / cbBTCLLTV 77% · under $1,000, not tracked here | $214 | <0.01% |
| triBTC / cbBTCLLTV 86% · under $1,000, not tracked here | $101 | <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
| aHyperBTC | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 2.79% |
|---|---|
| Last 7 days | 2.29% |
| Last 30 days | 2.20% |
| Last 90 days | 1.88% |
Who controls this vault
| Curator | Hyperithm |
|---|---|
| Owner | 0xEe7E…18C82-of-3 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 | None |
| Allocators | 1addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | February 24, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | cbBTCprice $71.8K |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 3.13% |
| Vault contract | 0xe09A…8Ea0 |
| cbBTC token | 0xd18B…414b |
| Network | Monad |
The curator's description: "Hyperithm cbBTC Apex vault maximizes yield by swiftly integrating unique collaterals providing borrowers with high-return opportunities through active optimization while ensuring effective risk management."
Largest depositors
124 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x9e0b…53a3 | $1.61M | 40.1% |
| 0x518b…f200 | $1.21M | 30.0% |
| 0xD338…08c6 | $798K | 19.9% |
| 0x9695…0308 | $161K | 4.0% |
| 0x5e23…89b6 | $145K | 3.6% |
| 0xf64E…8C97 | $131K | 3.3% |
| 0x850A…eFb3 | $108K | 2.7% |
| 0x32E6…4755 | $91.1K | 2.3% |
| 0xF1e0…b1eD | $81.3K | 2.0% |
| 0xA7B6…41e0 | $58.2K | 1.4% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Hyperithm cbBTC Apex
Hyperithm cbBTC Apex is a Morpho V2 vault on Monad, created on February 24, 2026. It takes cbBTC deposits and lends them to borrowers in 3 Morpho markets. The curator, Hyperithm, decides which markets it may use and how much can go into each.
It holds $4.02M (55.92 cbBTC) from 124 depositors and pays a net APY of 2.81% after its 10% performance fee. Over the last 30 days depositors actually earned 2.20% a year.
Its largest position is aHyperBTC / cbBTC at 100% of its deposits, followed by mHyperBTC / cbBTC (<0.01%) and triBTC / cbBTC (<0.01%). Counting every market, its loans are backed mainly by aHyperBTC (100%). 0% 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 2-of-3 multisig wallet. Morpho's app shows no warnings for this vault.
Hyperithm cbBTC Apex: quick answers
What is the APY of Hyperithm cbBTC Apex on Monad?
Hyperithm cbBTC Apex pays 2.81% net APY right now, after its fees. Measured from the growth of its share price, it paid 2.20% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Hyperithm cbBTC Apex lend against?
It lends cbBTC through 3 Morpho markets. The biggest is aHyperBTC / cbBTC with 100% of its deposits. Overall its loans are backed mainly by aHyperBTC (100%).
Can I withdraw from Hyperithm cbBTC Apex right now?
About $2.7K of its $4.02M in deposits (0%) 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 Hyperithm cbBTC Apex and what does it charge?
Hyperithm curates 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 Hyperithm cbBTC Apex?
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 cbBTC vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Moonwell Frontier cbBTCAnthias Labs · Base · $1.02M | 0.15%incl. 0.13% rewards |
| Moonwell Frontier cbBTCV2Anthias Labs · Base · $372K | 0.15%incl. 0.13% rewards |
| Gauntlet cbBTC CoreGauntlet · Base · $299K | 0.19% |
