HyperithmUSDC Apex

Ethereum

Hyperithm USDC Apex vault maximizes yield by swiftly integrating unique collaterals providing borrowers with high-return opportunities through active optimization while ensuring effective risk management.

Total Deposits

$9.76M

9.77M USDC

Liquidity

$8.57M

8.57M USDC

Exposure

+13

Net APY

5.94

%

Overview

Vault Configuration

Morpho vault version

v2

Vault deployment date

2025-10-27

Curator TVL

$68.57M

Total Deposits (USD)

$9.76M

Net APY

5.94%

APY Breakdown

Vault Net APY

5.94%

Performance Fee

10%

Management Fee

0%

Allocation

Exposure

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV	51.02%	4.98M	4.98M	13.87M	87.31%	5M	100%	6.85%
USDCbacked bymHyperBTC 77% LLTV	9.82%	959.71k	338.26k	338.26k	87.99%	5M	100%	8.15%
USDCbacked byAA_FalconXUSDC 77% LLTV	8.22%	803.15k	803.15k	3.95M	89.22%	10M	100%	5.70%
USDCbacked bysUSDat 91.5% LLTV	6.58%	642.63k	71.27k	71.27k	91.00%	5M	100%	8.93%
USDCbacked bymF-ONE 91.5% LLTV	5.12%	500.13k	500.13k	2.59M	89.51%	2M	100%	5.84%
USDCbacked byreUSD 91.5% LLTV	5.12%	500.12k	500.12k	1M	88.58%	5M	100%	5.35%
USDCbacked bywFalconX 91.5% LLTV	5.12%	500.11k	500.11k	2.54M	89.23%	5M	100%	4.94%
USDCbacked byPT-apyUSD-5NOV2026 86% LLTV	3.58%	350.07k	350.07k	1.65M	76.86%	5M	100%	4.91%
USDCbacked byWBTC 86% LLTV	2.15%	210.04k	210.04k	12.27M	90.34%	20M	100%	4.69%
USDCbacked bycbBTC 86% LLTV	1.64%	160.03k	160.03k	33.31M	90.30%	20M	100%	4.60%
USDCbacked byPT-USDat-14JAN2027 91.5% LLTV	1.22%	119.17k	119.17k	156.73k	91.50%	10M	100%	6.44%
USDCbacked bymHYPER 77% LLTV	0.2%	20k	20k	65.97k	79.99%	20M	100%	4.51%
USDCbacked bywstETH 86% LLTV	0.2%	20k	20k	3.04M	90.31%	10M	100%	4.60%
USDCbacked bystUSDS 86% LLTV	0%	< 0.01	< 0.01	1.13M	89.37%	5M	100%	4.33%
USDCbacked byPT-apxUSD-5NOV2026 86% LLTV	0%	< 0.01	< 0.01	350.8k	82.44%	5M	100%	3.74%
USDCbacked bysiUSD 91.5% LLTV	0%	< 0.01	< 0.01	769.26k	90.31%	10M	100%	7.03%
USDCbacked byPT-sUSDat-14JAN2027 91.5% LLTV	0%	0	0	506.06k	< 0.01%	5M	100%	0.00%
USDCbacked byROY-ST-apyUSD 91.5% LLTV	0%	0	0	63.59k	87.46%	5M	100%	0.22%
Idle Liquidity
	0%	180.62	180.62	-	-	-	-	-

Exposure

Allocation History

Date	Amount	Vault / Market
2026-09-24 06:29:35	-16,813.54 USDC-$16.81k	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-09-23 12:09:35	+439,998.66 USDC+$439.92k	USDCbacked byreUSD 91.5% LLTV
2026-09-23 12:09:35	+324,774.06 USDC+$324.72k	USDCbacked bywFalconX 91.5% LLTV
2026-09-23 12:09:35	+219,994.16 USDC+$219.95k	USDCbacked bymF-ONE 91.5% LLTV
2026-09-23 12:09:35	+169,997.02 USDC+$169.96k	USDCbacked byPT-apyUSD-5NOV2026 86% LLTV

1

Performance

Position Unit Price (USDC)

1.060525

Returns

Instant APY

5.94%

7D APY

6.51%

30D APY

6.36%

90D APY

6.44%

Fees

Performance fee

10%

Management fee

0%

Performance fee recipient

0x514272d916419Eb3048d8eaDEbBDfF1B116273cD

Management fee recipient

0x514272d916419Eb3048d8eaDEbBDfF1B116273cD

Returns

Instant APY

7D APY

30D APY

90D APY

Fees

Performance fee

Management fee

Performance fee recipient

Management fee recipient

Risk

Risk Disclosures

Curator has not submitted a Disclosure.

Ratings

No ratings available for this vault.

Ratings

Vault Roles

Owner

SAFE 2/3

Curator

0x75178137D3B4B9A0F771E0e149b00fB8167BA325

Sentinel 1

0xC56EA16EA06B0a6A7b3B03B2f48751e549bE40fD

Risk Curation

Allocator 1

0x00b8e1509398ED692C3F326CbAf1694F9A881e27

Allocator 2

0x9123B39058C5bCD00D4b0b9142fE9F527dDb562F

Timelocks

These timelocks show how much time lenders have to review upcoming increases to vault exposure, including new adapters or higher limits for a vault's allocation strategy.

Add adapter

Time before a curator can enable a new adapter to the vault

3 days

Recommended: 7 days

Increase absolute cap

Time before a curator can raise the maximum amount supplied to an allocation

3 days

Recommended: 7 days

Increase relative cap

Time before a curator can raise the maximum share of the vault supplied to an allocation

3 days

Recommended: 7 days

Activity

User Distribution

User	Deposit	% of Deposits
	3,850,689.03 USDC$3.85M	39.41%
	3,201,062.95 USDC$3.20M	32.76%
	414,402.25 USDC$414.33k	4.24%
	403,993.96 USDC$403.92k	4.13%
	364,557.35 USDC$364.49k	3.73%

of

User Distribution

All Transactions

Date	Type	Amount
2026-09-25 01:29:35	Withdraw	204,657.95 USDC$204.62k
2026-09-24 06:33:23	Deposit	204,633.96 USDC$204.60k
2026-09-24 06:29:35	Withdraw	204,633.94 USDC$204.60k
2026-09-24 06:29:35	Withdraw	0.168 USDC$0.16
2026-09-23 20:07:35	Withdraw	0.009 USDC$< 0.01
2026-09-23 18:24:59	Deposit	188,015.29 USDC$187.98k
2026-09-23 09:31:23	Deposit	5 USDC$4.99
2026-09-23 02:26:35	Deposit	3,200,000 USDC$3.19M
2026-09-22 22:10:47	Withdraw	75,064.34 USDC$75.05k
2026-09-22 22:10:47	Withdraw	0.751 USDC$0.75

1

All Transactions

Deposit USDC

$0

0.00 USDC

Network

Ethereum

Deposit (USDC)

0.00

APY

5.97%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Ratings

No ratings available for this vault.

Deposit USDC

$0

0.00 USDC

Network

Ethereum

Deposit (USDC)

0.00

APY

5.97%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Position Unit Price (USDC)

1.060525

User Distribution

User	Deposit	% of Deposits
	3,850,689.03 USDC$3.85M	39.41%
	3,201,062.95 USDC$3.20M	32.76%
	414,402.25 USDC$414.33k	4.24%
	403,993.96 USDC$403.92k	4.13%
	364,557.35 USDC$364.49k	3.73%

of

Total Deposits (USD)

$9.76M

Exposure

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV	51.02%	4.98M	4.98M	13.87M	87.31%	5M	100%	6.85%
USDCbacked bymHyperBTC 77% LLTV	9.82%	959.71k	338.26k	338.26k	87.99%	5M	100%	8.15%
USDCbacked byAA_FalconXUSDC 77% LLTV	8.22%	803.15k	803.15k	3.95M	89.22%	10M	100%	5.70%
USDCbacked bysUSDat 91.5% LLTV	6.58%	642.63k	71.27k	71.27k	91.00%	5M	100%	8.93%
USDCbacked bymF-ONE 91.5% LLTV	5.12%	500.13k	500.13k	2.59M	89.51%	2M	100%	5.84%
USDCbacked byreUSD 91.5% LLTV	5.12%	500.12k	500.12k	1M	88.58%	5M	100%	5.35%
USDCbacked bywFalconX 91.5% LLTV	5.12%	500.11k	500.11k	2.54M	89.23%	5M	100%	4.94%
USDCbacked byPT-apyUSD-5NOV2026 86% LLTV	3.58%	350.07k	350.07k	1.65M	76.86%	5M	100%	4.91%
USDCbacked byWBTC 86% LLTV	2.15%	210.04k	210.04k	12.27M	90.34%	20M	100%	4.69%
USDCbacked bycbBTC 86% LLTV	1.64%	160.03k	160.03k	33.31M	90.30%	20M	100%	4.60%
USDCbacked byPT-USDat-14JAN2027 91.5% LLTV	1.22%	119.17k	119.17k	156.73k	91.50%	10M	100%	6.44%
USDCbacked bymHYPER 77% LLTV	0.2%	20k	20k	65.97k	79.99%	20M	100%	4.51%
USDCbacked bywstETH 86% LLTV	0.2%	20k	20k	3.04M	90.31%	10M	100%	4.60%
USDCbacked bystUSDS 86% LLTV	0%	< 0.01	< 0.01	1.13M	89.37%	5M	100%	4.33%
USDCbacked byPT-apxUSD-5NOV2026 86% LLTV	0%	< 0.01	< 0.01	350.8k	82.44%	5M	100%	3.74%
USDCbacked bysiUSD 91.5% LLTV	0%	< 0.01	< 0.01	769.26k	90.31%	10M	100%	7.03%
USDCbacked byPT-sUSDat-14JAN2027 91.5% LLTV	0%	0	0	506.06k	< 0.01%	5M	100%	0.00%
USDCbacked byROY-ST-apyUSD 91.5% LLTV	0%	0	0	63.59k	87.46%	5M	100%	0.22%
Idle Liquidity
	0%	180.62	180.62	-	-	-	-	-

Allocation History

Owner

SAFE 2/3

Curator

0x75178137D3B4B9A0F771E0e149b00fB8167BA325

Sentinel 1

0xC56EA16EA06B0a6A7b3B03B2f48751e549bE40fD

Morpho vault version

v2

Vault deployment date

2025-10-27

Curator TVL

$68.57M

Allocator 1

0x00b8e1509398ED692C3F326CbAf1694F9A881e27

Allocator 2

0x9123B39058C5bCD00D4b0b9142fE9F527dDb562F

These timelocks show how much time lenders have to review upcoming increases to vault exposure, including new adapters or higher limits for a vault's allocation strategy.

Add adapter

Time before a curator can enable a new adapter to the vault

3 days

Recommended: 7 days

Increase absolute cap

Time before a curator can raise the maximum amount supplied to an allocation

3 days

Recommended: 7 days

Increase relative cap

Time before a curator can raise the maximum share of the vault supplied to an allocation

3 days

Recommended: 7 days

Date	Amount	Vault / Market
2026-09-24 06:29:35	-16,813.54 USDC-$16.81k	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-09-23 12:09:35	+439,998.66 USDC+$439.92k	USDCbacked byreUSD 91.5% LLTV
2026-09-23 12:09:35	+324,774.06 USDC+$324.72k	USDCbacked bywFalconX 91.5% LLTV
2026-09-23 12:09:35	+219,994.16 USDC+$219.95k	USDCbacked bymF-ONE 91.5% LLTV
2026-09-23 12:09:35	+169,997.02 USDC+$169.96k	USDCbacked byPT-apyUSD-5NOV2026 86% LLTV

1

Returns

Instant APY

5.94%

7D APY

6.51%

30D APY

6.36%

90D APY

6.44%

Fees

Performance fee

10%

Management fee

0%

Performance fee recipient

0x514272d916419Eb3048d8eaDEbBDfF1B116273cD

Management fee recipient

0x514272d916419Eb3048d8eaDEbBDfF1B116273cD

Net APY

5.94%

APY Breakdown

Vault Net APY

5.94%

Performance Fee

10%

Management Fee

0%

HyperithmUSDC Apex

8 pending actions

Ethereum

Hyperithm USDC Apex vault maximizes yield by swiftly integrating unique collaterals providing borrowers with high-return opportunities through active optimization while ensuring effective risk management.

Total Deposits

$9.76M

9.77M USDC

Liquidity

$8.57M

8.57M USDC

Exposure

+13

Net APY

5.94

%

8 pending actions

All Transactions

Date	Type	Amount
2026-09-25 01:29:35	Withdraw	204,657.95 USDC$204.62k
2026-09-24 06:33:23	Deposit	204,633.96 USDC$204.60k
2026-09-24 06:29:35	Withdraw	204,633.94 USDC$204.60k
2026-09-24 06:29:35	Withdraw	0.168 USDC$0.16
2026-09-23 20:07:35	Withdraw	0.009 USDC$< 0.01
2026-09-23 18:24:59	Deposit	188,015.29 USDC$187.98k
2026-09-23 09:31:23	Deposit	5 USDC$4.99
2026-09-23 02:26:35	Deposit	3,200,000 USDC$3.19M
2026-09-22 22:10:47	Withdraw	75,064.34 USDC$75.05k
2026-09-22 22:10:47	Withdraw	0.751 USDC$0.75

1