Morpho Vaults | Flowdesk AUSD RWA Strategy

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

Flowdesk AUSD RWA Strategy generates yield by allocating AUSD liquidity into a set of Morpho markets backed by tokenized real-world asset collateral. The strategy deploys both newly created markets and established institutional-grade markets, all subject to continuous monitoring by Flowdesk's risk team.

No strategy eliminates risk entirely. Depositors should be aware that RWA collateral illiquidity, redemption delays, oracle failures, smart contract vulnerabilities, or extraordinary market events may disrupt the underlying Morpho markets and affect the vault's ability to generate returns or process withdrawals in a timely manner.

Flowdesk encourages participants to review the documentation available on the xStocks website for a detailed explanation of the underlying collateral, its backing, and associated mechanisms. Depositors and borrowers should also review Agora's documentation to understand the mechanics behind AUSD. Each depositor acknowledges having read and understood Flowdesk's Disclaimers.

All reference to Flowdesk is used for convenience to refer to Flowdesk entities as a group. The transaction contemplated herein will not be entered into with Flowdesk SAS directly, but the vault is curated and operated by Limitless Frontier Corp.

Ratings

Vault Roles

Risk Curation

Timelocks

Activity

User Distribution

All Transactions

Markets	Allocation (%)	Allocation (AUSD)	Liquidity (AUSD)	Underlying Liquidity (AUSD)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
AUSDbacked bysUSDai 91.5% LLTV	80.07%	4.94M	320.47k	320.47k	93.51%	18M	100%	6.22%
AUSDbacked bysUSDat 86% LLTV	11.35%	700.72k	700.72k	730.34k	88.57%	25M	100%	10.14%
AUSDbacked bysyrupUSDC 91.5% LLTV	8.48%	523.35k	224.6k	224.6k	89.43%	18M	100%	4.76%
AUSDbacked byPT-USDat-27AUG2026 91.5% LLTV	0.07%	4132.14	0	0	100.00%	18M	100%	53.94%
AUSDbacked bywSPYx 86% LLTV	0.03%	1586.21	0	0	100.00%	18M	100%	65.84%
Idle Liquidity
	0%	15.38	15.38	-	-	-	-	-

Date	Amount	Vault / Market
2026-09-11 14:40:59	+200,210.07 AUSD+$200.15k	AUSDbacked bysUSDat 86% LLTV
2026-09-11 14:34:47	+500,000 AUSD+$499.85k	AUSDbacked bysUSDat 86% LLTV
2026-09-11 14:34:47	-500,000 AUSD-$499.85k	AUSDbacked bysyrupUSDC 91.5% LLTV
2026-09-11 13:33:59	-15,361.47 AUSD-$15.35k	AUSDbacked bysyrupUSDC 91.5% LLTV
2026-09-11 12:18:59	-11,976.45 AUSD-$11.97k	AUSDbacked bysyrupUSDC 91.5% LLTV

User	Deposit	% of Deposits
	3,867,005.87 AUSD$3.86M	62.65%
	1,204,317.77 AUSD$1.20M	19.51%
	538,095.81 AUSD$537.84k	8.71%
	307,162.95 AUSD$307.02k	4.97%
	62,456.83 AUSD$62.42k	1.01%

Date	Type	Amount
2026-09-14 13:37:35	Transfer	-
2026-09-11 14:40:59	Deposit	200,210.07 AUSD$200.11k
2026-09-11 13:33:59	Withdraw	15,386.22 AUSD$15.37k
2026-09-11 13:33:59	Withdraw	0.00 AUSD
2026-09-11 12:18:59	Withdraw	40,148.96 AUSD$40.13k
2026-09-11 12:18:59	Withdraw	0.00 AUSD
2026-09-11 11:30:35	Withdraw	10,000 AUSD$9995.40
2026-09-11 07:48:11	Withdraw	1,281.4 AUSD$1280.81
2026-09-11 02:55:11	Withdraw	212.64 AUSD$212.54
2026-09-10 04:10:23	Withdraw	54,376.97 AUSD$54.35k

Markets	Allocation (%)	Allocation (AUSD)	Liquidity (AUSD)	Underlying Liquidity (AUSD)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
AUSDbacked bysUSDai 91.5% LLTV	80.07%	4.94M	320.47k	320.47k	93.51%	18M	100%	6.22%
AUSDbacked bysUSDat 86% LLTV	11.35%	700.72k	700.72k	730.34k	88.57%	25M	100%	10.14%
AUSDbacked bysyrupUSDC 91.5% LLTV	8.48%	523.35k	224.6k	224.6k	89.43%	18M	100%	4.76%
AUSDbacked byPT-USDat-27AUG2026 91.5% LLTV	0.07%	4132.14	0	0	100.00%	18M	100%	53.94%
AUSDbacked bywSPYx 86% LLTV	0.03%	1586.21	0	0	100.00%	18M	100%	65.84%
Idle Liquidity
	0%	15.38	15.38	-	-	-	-	-

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

FlowdeskAUSD RWA Strategy

Overview

Allocation

Performance

Risk

Activity

FlowdeskAUSD RWA Strategy