MEV Capital USDG on Robinhood Chain
V2A Morpho V2 vault on Robinhood Chain that lends out USDG deposits, curated by MEV Capital. Depositors earn 4.15% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
4.15%
after fees, paid to depositors
30-day APY
4.32%
7-day 3.98%, from the share price
Deposits
$8.00
8.36 USDG
Withdrawable now
$2.00
25% of deposits
Performance fee
0%
of the interest earned
Depositors
3
largest holds 87.5%
MEV Capital USDG 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 |
|---|---|---|
| syrupUSDG / USDGLLTV 91.5% | $6.00 | 75.0% |
| USDe / USDGLLTV 91.5% | $2.00 | 25.0% |
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
| syrupUSDG | 75.0% |
|---|---|
| USDe | 25.0% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 3.93% |
|---|---|
| Last 7 days | 3.98% |
| Last 30 days | 4.32% |
Who controls this vault
| Curator | MEV Capital |
|---|---|
| Owner | 0x1B6E…09EE2-of-3 multisig |
| Timelock to raise a cap | 7 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 |
| Created | October 2, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDGprice $0.9999 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 4.15% |
| Vault contract | 0x9e3a…aACE |
| USDG token | 0x5fc5…d168 |
| Network | Robinhood Chain |
The curator's description: "The MEV Capital USDG vault provides a set of liquid collateral markets through automated rebalancing to target an optimized risk-adjusted return."
Largest depositors
3 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xD654…c8cC | $7.00 | 87.5% |
| 0x0000…dEaD | $1.00 | 12.5% |
| 0xFf8A…7552 | $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 MEV Capital USDG
MEV Capital USDG is a Morpho V2 vault on Robinhood Chain, created on October 2, 2026. It takes USDG deposits and lends them to borrowers in 2 Morpho markets. The curator, MEV Capital, decides which markets it may use and how much can go into each.
It holds $8.00 (8.36 USDG) from 3 depositors and pays a net APY of 4.15% after its 0% performance fee. Over the last 30 days depositors actually earned 4.32% a year.
Its largest position is syrupUSDG / USDG at 75% of its deposits, followed by USDe / USDG (25%). Counting every market, its loans are backed mainly by syrupUSDG (75%) and USDe (25%). 25% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 7 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.
MEV Capital USDG: quick answers
What is the APY of MEV Capital USDG on Robinhood Chain?
MEV Capital USDG pays 4.15% net APY right now, after its fees. Measured from the growth of its share price, it paid 4.32% over the last 30 days. The rate changes every day with what its borrowers pay.
What does MEV Capital USDG lend against?
It lends USDG through 2 Morpho markets. The biggest is syrupUSDG / USDG with 75% of its deposits. Overall its loans are backed mainly by syrupUSDG (75%) and USDe (25%).
Can I withdraw from MEV Capital USDG right now?
About $2.00 of its $8.00 in deposits (25%) 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 MEV Capital USDG and what does it charge?
MEV Capital curates it. It keeps 0% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of MEV Capital USDG?
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 7 days. This is not advice.
Other USDG vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Steakhouse USDGV2⚠ Deposits switched offSteakhouse Financial · Robinhood Chain · $528.1M | 4.64% |
| Steakhouse USDG ProV2Steakhouse Financial · Arbitrum · $80.24M | 7.11%incl. 4.50% rewards |
| Gauntlet USDG PremiumV2Gauntlet · Arbitrum · $57.07M | 7.11%incl. 4.50% rewards |
| Galaxy USDG RH Stock TokensV2Galaxy Curation · Robinhood Chain · $503K | 0.50% |
| Yearn Stonk USDGV2Yearn · Robinhood Chain · $208K | 4.54% |
