StableEarn Prime PYUSD on Stable
V2A Morpho V2 vault on Stable that lends out PYUSD deposits, curated by Galaxy Curation. Depositors earn 9.00% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
9.00%
incl. 6.84% in rewards
30-day APY
–
the vault is younger than 30 days
Deposits
$15.32M
15.33M PYUSD
Withdrawable now
$5.00M
33% of deposits
Performance fee
0%
of the interest earned
Depositors
–
addresses holding shares
StableEarn Prime PYUSD 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 |
|---|---|---|
| weETH / PYUSDLLTV 86% | $10.32M | 67.3% |
| Idle cashnot lent out | $5.00M | 32.7% |
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
| weETH | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 2.23% |
|---|---|
| Last 7 days | 1.72% |
Who controls this vault
| Curator | Galaxy Curation |
|---|---|
| Owner | 0x42D5…419d |
| Created | October 27, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | PYUSDprice $0.9994 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 2.16% |
| Rewards | PYUSD 6.84% |
| Vault contract | 0x8c32…94ba |
| PYUSD token | 0x28F1…0E9f |
| Network | Stable |
About StableEarn Prime PYUSD
StableEarn Prime PYUSD is a Morpho V2 vault on Stable, created on October 27, 2026. It takes PYUSD deposits and lends them to borrowers in 1 Morpho market. The curator, Galaxy Curation, decides which markets it may use and how much can go into each.
It holds $15.32M (15.33M PYUSD) and pays a net APY of 9.00% after its 0% performance fee. About 6.84% of today's rate comes from PYUSD rewards, which can stop at any time.
Its largest position is weETH / PYUSD at 67% of its deposits. 33% sits idle, not lent out. Counting every market, its loans are backed mainly by weETH (100%). 33% of deposits could be withdrawn right now.
Morpho's app shows no warnings for this vault.
StableEarn Prime PYUSD: quick answers
What is the APY of StableEarn Prime PYUSD on Stable?
StableEarn Prime PYUSD pays 9.00% net APY right now, after its fees and including 6.84% of rewards. The rate changes every day with what its borrowers pay.
What does StableEarn Prime PYUSD lend against?
It lends PYUSD through 1 Morpho market. The biggest is weETH / PYUSD with 67% of its deposits. 33% sits idle. Overall its loans are backed mainly by weETH (100%).
Can I withdraw from StableEarn Prime PYUSD right now?
About $5.00M of its $15.32M in deposits (33%) 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 StableEarn Prime PYUSD and what does it charge?
Galaxy Curation 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 StableEarn Prime PYUSD?
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. This is not advice.
Other PYUSD vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Paypal USD MainV2Sentora · Ethereum · $355.5M | 5.49%incl. 3.16% rewards |
| Sentora PRIME MainV2Sentora · Ethereum · $187.2M | 7.27%incl. 2.16% rewards |
| Sentora Huma PST MainV2Sentora · Ethereum · $86.06M | 7.54%incl. 1.99% rewards |
| Sentora mWIN MainV2Sentora · Ethereum · $902K | 2.04% |
| Steakhouse Prime InstantV2Steakhouse Financial · Ethereum · $335K | 5.71% |
