SharpByte USDC High YieldV2
A Morpho V2 vault on Monad that lends out USDC deposits, curated by SharpByte. Depositors earn 8.51% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
8.51%
incl. 1.07% in rewards
30-day APY
1.45%
7-day 1.87%
Deposits
$146K
145.86K USDC
Withdrawable now
$146K
100% of deposits
Performance fee
10%
of the interest earned
Depositors
2
largest holds 100.0%
SharpByte USDC High Yield 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 |
|---|---|---|
| PT-USDat-14JAN2027 / USDCLLTV 91.5% | $146K | 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
| PT-USDat-14JAN2027 | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 8.52% |
|---|---|
| Last 7 days | 1.87% |
| Last 30 days | 1.45% |
| Since the vault started | 1.96% |
Who controls this vault
| Curator | SharpByte |
|---|---|
| Owner | 0x07A1…3d71 |
| Timelock to raise a cap | 3 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 | None |
| Allocators | 1addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Pending changes | 6IncreaseRelativeCap from September 26, 2026; IncreaseAbsoluteCap from September 26, 2026; IncreaseAbsoluteCap from September 25, 2026 |
| Created | September 16, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDCprice $0.9999 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 8.31% |
| Rewards | WMON 1.07% |
| Vault contract | 0xf57E…542D |
| USDC token | 0x7547…b603 |
| Network | Monad |
The curator's description: "The vault allows lenders to deploy USDC with exposure to high-yield RWA and collateral on the Monad ecosystem."
Largest depositors
2 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x645E…B550 | $146K | 100.0% |
| 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 SharpByte USDC High Yield
SharpByte USDC High Yield is a Morpho V2 vault on Monad, created on September 16, 2026. It takes USDC deposits and lends them to borrowers in 1 Morpho market. The curator, SharpByte, decides which markets it may use and how much can go into each.
It holds $146K (145.86K USDC) from 2 depositors and pays a net APY of 8.51% after its 10% performance fee. Over the last 30 days depositors actually earned 1.45% a year. About 1.07% of today's rate comes from WMON rewards, which can stop at any time.
Its largest position is PT-USDat-14JAN2027 / USDC at 100% of what it lends. Counting every market, its loans are backed mainly by PT-USDat-14JAN2027 (100%). 100% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 3-day timelock on raising caps, which gives depositors time to leave first. Morpho's app shows no warnings for this vault.
SharpByte USDC High Yield: quick answers
What is the APY of SharpByte USDC High Yield on Monad?
SharpByte USDC High Yield pays 8.51% net APY right now, after its fees and including 1.07% of rewards. Measured from the growth of its share price, it paid 1.45% over the last 30 days. The rate changes every day with what its borrowers pay.
What does SharpByte USDC High Yield lend against?
It lends USDC through 1 Morpho market. The biggest is PT-USDat-14JAN2027 / USDC with 100% of its lending. Overall its loans are backed mainly by PT-USDat-14JAN2027 (100%).
Can I withdraw from SharpByte USDC High Yield right now?
Yes: all of its $146K in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed USDC left. That can change quickly when borrowing picks up.
Who runs SharpByte USDC High Yield and what does it charge?
SharpByte 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 SharpByte USDC High Yield?
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 3-day timelock on raising caps. This is not advice.
Other USDC vaults
The same deposit asset, other curators and networks