SharpByte USDC High Yield on Monad
V2A Morpho V2 vault on Monad that lends out USDC deposits, curated by SharpByte. Depositors earn 8.35% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
8.35%
incl. 1.89% in rewards
30-day APY
7.36%
7-day 6.83%, from the share price
Deposits
$1.85M
1.85M USDC
Withdrawable now
$1.80M
97% of deposits
Performance fee
10%
of the interest earned
Depositors
11
largest holds 80.0%
SharpByte USDC High Yield 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 |
|---|---|---|
| PT-USDat-14JAN2027 / USDCLLTV 91.5% | $1.77M | 100.0% |
| eTPLUS / USDCLLTV 86% · under $1,000, not tracked here | $1.00 | <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
| PT-USDat-14JAN2027 | 97.3% |
|---|---|
| PT-reUSD-10DEC2026 | 2.7% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 6.43% |
|---|---|
| Last 7 days | 6.83% |
| Last 30 days | 7.36% |
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 | 2IncreaseAbsoluteCap from October 31, 2026; IncreaseRelativeCap from October 31, 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 $0.9997 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 7.21% |
| Rewards | WMON 1.89% |
| 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
11 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xE106…0Be5 | $1.48M | 80.0% |
| 0x645E…B550 | $147K | 7.9% |
| 0x3A04…1514 | $72.6K | 3.9% |
| 0x9A62…4522 | $50.6K | 2.7% |
| 0x370C…E227 | $16.5K | 0.9% |
| 0x957f…7808 | $500 | 0.0% |
| 0x8a16…2632 | $396 | 0.0% |
| 0xcF93…867E | $232 | 0.0% |
| 0xa45d…3842 | $4.00 | <0.01% |
| 0x8813…eD84 | $2.00 | <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 2 Morpho markets. The curator, SharpByte, decides which markets it may use and how much can go into each.
It holds $1.85M (1.85M USDC) from 11 depositors and pays a net APY of 8.35% after its 10% performance fee. Over the last 30 days depositors actually earned 7.36% a year. About 1.89% 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 its deposits, followed by eTPLUS / USDC (<0.01%). Counting every market, its loans are backed mainly by PT-USDat-14JAN2027 (97%) and PT-reUSD-10DEC2026 (3%). 97% 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.
SharpByte USDC High Yield: quick answers
What is the APY of SharpByte USDC High Yield on Monad?
SharpByte USDC High Yield pays 8.35% net APY right now, after its fees and including 1.89% of rewards. Measured from the growth of its share price, it paid 7.36% 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 2 Morpho markets. The biggest is PT-USDat-14JAN2027 / USDC with 100% of its deposits. Overall its loans are backed mainly by PT-USDat-14JAN2027 (97%) and PT-reUSD-10DEC2026 (3%).
Can I withdraw from SharpByte USDC High Yield right now?
About $1.80M of its $1.85M in deposits (97%) 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 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. Adding a market or raising a cap waits behind a timelock of 3 days. This is not advice.
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