Overview

Vault Configuration

Allocation

Exposure

Performance

Returns

Instant APY

7D APY

30D APY

90D APY

Fees

Performance fee

Management fee

Performance fee recipient

Management fee recipient

Risk

Risk Disclosures

The Clearstar Tokenized Stocks USDC Vault allocates exclusively to Morpho markets collateralized by tokenized products issued by Coinbase on Base. This focused approach gives depositors concentrated exposure to a single issuer and to a new asset class, which carries risks distinct from our diversified vaults. The performance of this vault is closely tied to the health, security, and continued operation of Coinbase's tokenization program, including its issuance and redemption arrangements, the legal and regulatory treatment of tokenized securities, and the smart contract integrity of the tokens themselves.

Collateral prices are provided by Chainlink price feeds. The methodology of these feeds is expected to evolve over time, for example with the addition of more venues for reporting prices during overnight sessions and/or weekends and bank holidays when the stock markets are closed. Clearstar does not control these feeds and accepts no responsibility for their accuracy, availability, or any change in their methodology.

Because the underlying equities trade only during exchange hours while the on-chain markets operate continuously, collateral values can gap at market open, feed updates may lag or pause outside trading hours, and liquidations may face thin on-chain liquidity. Adverse developments such as feed failure or manipulation, a suspension of issuance or redemption, regulatory action against tokenized securities, or a sharp decline in liquidity could materially affect vault performance and may lead to bad debt, liquidations, or withdrawal constraints in the underlying Morpho markets.

Before depositing, we invite users to consult our Risk Framework for an in-depth overview of how we evaluate market and counterparty exposures and the safeguards we keep in place. By depositing in this vault, you confirm that you have read and accepted our Terms of Service. All Vaults under the Clearstar Labs brand name are curated and operated by NovaFusion SA.

Ratings

Vault Roles

Risk Curation

Timelocks

Activity

User Distribution

All Transactions

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked byAAPLc 62.5% LLTV	100%	1.13	1.13	2768.8	90.36%	2M	100%	5.40%
USDCbacked byMETAc 62.5% LLTV	0%	0	0	2158.21	90.22%	2M	100%	5.13%
USDCbacked byTSLAc 62.5% LLTV	0%	0	0	< 0.01	90.00%	2M	100%	3.66%
USDCbacked byMSFTc 62.5% LLTV	0%	0	0	< 0.01	90.00%	2M	100%	3.66%
USDCbacked byNVDAc 62.5% LLTV	0%	0	0	1079.94	90.23%	2M	100%	5.13%
USDCbacked byGOOGLc 62.5% LLTV	0%	0	0	< 0.01	90.00%	2M	100%	3.66%
USDCbacked byAMZNc 62.5% LLTV	0%	0	0	< 0.01	90.00%	2M	100%	3.65%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Date	Amount	Vault / Market
2026-09-25 15:38:29	-998.019 USDC-$997.92	USDCbacked byAAPLc 62.5% LLTV
2026-09-25 13:45:05	+998.009 USDC+$997.91	USDCbacked byAAPLc 62.5% LLTV
2026-09-23 14:51:55	-143.524 USDC-$143.51	USDCbacked byAAPLc 62.5% LLTV
2026-09-23 14:49:23	+143.524 USDC+$143.51	USDCbacked byAAPLc 62.5% LLTV
2026-09-23 14:45:01	-5,000.27 USDC-$4999.79	USDCbacked byAAPLc 62.5% LLTV

User	Deposit	% of Deposits
	1 USDC$1.00	88.49%
	0.13 USDC$0.13	11.50%

Date	Type	Amount
2026-09-25 15:38:29	Withdraw	998.019 USDC$997.92
2026-09-25 13:45:05	Deposit	998.009 USDC$997.91
2026-09-23 14:51:55	Withdraw	143.524 USDC$143.51
2026-09-23 14:49:23	Deposit	143.524 USDC$143.51
2026-09-23 14:45:01	Withdraw	5,000.27 USDC$4999.79
2026-09-23 04:58:27	Deposit	5,000 USDC$4999.52
2026-09-23 02:47:43	Deposit	0.13 USDC$0.12
2026-09-21 20:56:33	Deposit	0.999 USDC$0.99
2026-09-20 20:40:25	Deposit	0.001 USDC$< 0.01

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked byAAPLc 62.5% LLTV	100%	1.13	1.13	2768.8	90.36%	2M	100%	5.40%
USDCbacked byMETAc 62.5% LLTV	0%	0	0	2158.21	90.22%	2M	100%	5.13%
USDCbacked byTSLAc 62.5% LLTV	0%	0	0	< 0.01	90.00%	2M	100%	3.66%
USDCbacked byMSFTc 62.5% LLTV	0%	0	0	< 0.01	90.00%	2M	100%	3.66%
USDCbacked byNVDAc 62.5% LLTV	0%	0	0	1079.94	90.23%	2M	100%	5.13%
USDCbacked byGOOGLc 62.5% LLTV	0%	0	0	< 0.01	90.00%	2M	100%	3.66%
USDCbacked byAMZNc 62.5% LLTV	0%	0	0	< 0.01	90.00%	2M	100%	3.65%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Overview

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ClearstarTokenized Stocks USDC

Overview

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Activity

ClearstarTokenized Stocks USDC