Feather frxUSDV2
A Morpho V2 vault on Polygon that lends out frxUSD deposits, curated by Feather. Depositors earn 0.00% a year right now after a 15% performance fee.
Data from Morpho's API · updated
Net APY
0.00%
after fees, paid to depositors
30-day APY
0.00%
7-day 0.00%
Deposits
$10.0K
10.00K frxUSD
Withdrawable now
$10.0K
100% of deposits
Performance fee
15%
of the interest earned
Depositors
0
addresses holding shares
Feather frxUSD 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 | |||
|---|---|---|---|---|---|
| This vault is not lending anything right now. | |||||
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
| Other | – |
|---|
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 0.00% |
|---|---|
| Last 7 days | 0.00% |
| Last 30 days | 0.00% |
| Since the vault started | 0.00% |
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 | frxUSDprice $0.9999 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.00% |
| Vault contract | 0x922c…151F |
| frxUSD token | 0x80Ee…00df |
| Network | Polygon |
The curator's description: "The Feather frxUSD vault aims to optimize yield by lending frxUSD against a wide range of collateral."
About Feather frxUSD
Feather frxUSD is a Morpho V2 vault on Polygon, created on August 10, 2026. It takes frxUSD deposits and lends them to borrowers in 0 Morpho markets. The curator, Feather, decides which markets it may use and how much can go into each.
It holds $10.0K (10.00K frxUSD) from 0 depositors and pays a net APY of 0.00% after its 15% performance fee. Over the last 30 days depositors actually earned 0.00% a year.
Risky changes, such as adding a market, wait behind a 3-day timelock on raising caps, 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 frxUSD: quick answers
What is the APY of Feather frxUSD on Polygon?
Feather frxUSD pays 0.00% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.00% over the last 30 days. The rate changes every day with what its borrowers pay.
Can I withdraw from Feather frxUSD right now?
Yes: all of its $10.0K in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed frxUSD left. That can change quickly when borrowing picks up.
Who runs Feather frxUSD 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 frxUSD?
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 frxUSD vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Stake DAO frxUSD v2V2Stake DAO · Ethereum · $709K | 3.20%incl. 0.74% rewards |
