Feather BRZ on Polygon
V2A Morpho V2 vault on Polygon that lends out BRZ deposits, curated by Feather. Depositors earn 13.10% a year right now after a 15% performance fee.
Data from Morpho's API · updated
Net APY
13.10%
incl. 12.94% in rewards
30-day APY
0.15%
7-day 0.16%, from the share price
Deposits
$190K
1.07M BRZ
Withdrawable now
$175K
92% of deposits
Performance fee
15%
of the interest earned
Depositors
10
largest holds 98.6%
Feather BRZ 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 |
|---|---|---|
| sfrxUSD / BRZLLTV 86% | $7.7K | 4.0% |
| TESOURO / BRZLLTV 86% | $2.6K | 1.4% |
| Idle cashnot lent out | $183K | 94.7% |
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
| sfrxUSD | 78.9% |
|---|---|
| TESOURO | 21.1% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 0.16% |
|---|---|
| Last 7 days | 0.16% |
| Last 30 days | 0.15% |
Who controls this vault
| Curator | Feather |
|---|---|
| Owner | 0x81c7…091F4-of-6 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 | 3 days |
| Allocators | 2addresses that move money between markets |
| Sentinels | 0can pull money back or cut caps in an emergency |
| Created | August 10, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | BRZprice $0.1774 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.18% |
| Rewards | BRZ 12.94% |
| Vault contract | 0x902A…4435 |
| BRZ token | 0x4eD1…75Dc |
| Network | Polygon |
The curator's description: "The Feather BRZ vault aims to optimize BRL denominated yields by lending the Brazilian Digital Token BRZ against a wide range of collaterals."
Largest depositors
10 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x97c1…413d | $187K | 98.6% |
| 0xB204…09fa | $4.9K | 2.6% |
| 0xa464…8b47 | $1.5K | 0.8% |
| 0x820a…8f56 | $6.00 | <0.01% |
| 0x81c7…091F | $5.00 | <0.01% |
| 0xf0a3…1277 | $4.00 | <0.01% |
| 0xF957…911B | $2.00 | <0.01% |
| 0xAc26…18Ea | $0 | 0.0% |
| 0x1301…E1F7 | $0 | 0.0% |
| 0x4dB8…D284 | $0 | 0.0% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Feather BRZ
Feather BRZ is a Morpho V2 vault on Polygon, created on August 10, 2026. It takes BRZ deposits and lends them to borrowers in 2 Morpho markets. The curator, Feather, decides which markets it may use and how much can go into each.
It holds $190K (1.07M BRZ) from 10 depositors and pays a net APY of 13.10% after its 15% performance fee. Over the last 30 days depositors actually earned 0.15% a year. About 12.94% of today's rate comes from BRZ rewards, which can stop at any time.
Its largest position is sfrxUSD / BRZ at 4% of its deposits, followed by TESOURO / BRZ (1%). 95% sits idle, not lent out. Counting every market, its loans are backed mainly by sfrxUSD (79%) and TESOURO (21%). 92% 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 4-of-6 multisig wallet. Morpho's app shows no warnings for this vault.
Feather BRZ: quick answers
What is the APY of Feather BRZ on Polygon?
Feather BRZ pays 13.10% net APY right now, after its fees and including 12.94% of rewards. Measured from the growth of its share price, it paid 0.15% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Feather BRZ lend against?
It lends BRZ through 2 Morpho markets. The biggest is sfrxUSD / BRZ with 4% of its deposits. 95% sits idle. Overall its loans are backed mainly by sfrxUSD (79%) and TESOURO (21%).
Can I withdraw from Feather BRZ right now?
About $175K of its $190K in deposits (92%) 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 Feather BRZ and what does it charge?
Feather curates it. It keeps 15% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Feather BRZ?
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.
