KPKUSDC Prime

Ethereum

A low-risk USDC vault with 24h automation. Allocations are continuously rebalanced across liquid markets with strict collateral filters to preserve liquidity and mitigate risk.

Total Deposits

$26.52M

26.52M USDC

Liquidity

$22.28M

22.29M USDC

Exposure

+2

Net APY

4.69

%

Overview

Vault Configuration

Morpho vault version

v2

Vault deployment date

2025-10-23

Curator TVL

$52.84M

Total Deposits (USD)

$26.52M

Net APY

4.69%

APY Breakdown

Vault Net APY

4.69%

Performance Fee

0%

Management Fee

0%

Allocation

Exposure

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked bycbBTC 86% LLTV	42.32%	11.22M	11.22M	33.25M	90.19%	Infinite	100%	4.50%
USDCbacked byWBTC 86% LLTV	25%	6.63M	6.63M	12.4M	90.29%	Infinite	100%	4.69%
USDCbacked byrETH 86% LLTV	11.73%	3.11M	307.66k	307.66k	90.14%	Infinite	100%	4.15%
USDCbacked bywstETH 86% LLTV	9.99%	2.65M	2.65M	3.13M	90.32%	Infinite	100%	4.67%
USDCbacked byOETH 86% LLTV	9.14%	2.42M	1.25M	1.25M	88.22%	Infinite	100%	6.54%
USDCbacked byLsETH 86% LLTV	1.1%	291.97k	28.67k	28.67k	90.17%	Infinite	100%	3.36%
USDCbacked byWETH 86% LLTV	0.65%	173.68k	173.68k	849.87k	90.30%	Infinite	100%	4.68%
Idle Liquidity
	0.06%	15.98k	15.98k	-	-	-	-	-

Exposure

Allocation History

Date	Amount	Vault / Market
2026-09-28 12:02:47	+4,399,474.31 USDC+$4.39M	USDCbacked bycbBTC 86% LLTV
2026-09-28 12:02:47	-308,962 USDC-$308.90k	USDCbacked byOETH 86% LLTV
2026-09-28 12:02:47	-4,105,137.21 USDC-$4.10M	USDCbacked byWBTC 86% LLTV
2026-09-28 11:41:47	+4,114,713.01 USDC+$4.11M	USDCbacked byWBTC 86% LLTV
2026-09-28 11:41:47	+331,444.56 USDC+$331.38k	USDCbacked byOETH 86% LLTV

1

Performance

Position Unit Price (USDC)

1.035046

Returns

Instant APY

4.69%

7D APY

4.75%

30D APY

4.61%

90D APY

4.22%

Fees

Performance fee

0%

Management fee

0%

Performance fee recipient

0x9F230218cf7FDe6A9246e6f8CB0b888377E92639

Management fee recipient

0x9F230218cf7FDe6A9246e6f8CB0b888377E92639

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

Vault Roles

Owner

SAFE 5/8

Curator

SAFE 2/5

Sentinel 1

SAFE 5/8

Risk Curation

Allocator 1

0x331D9C769185AE25233314859d53c2b9203a1204

Allocator 2

0xAF150c6d108D0C2c96BbFC3CeF9B4848b5D99440

Allocator 3

0xF0Cf1e3Ec6264b03241826f5b2aBda17B4352A75

Allocator 4

SAFE 2/5

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 1 second

Recommended: 7 days

Increase absolute cap

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

3 days 1 second

Recommended: 7 days

Increase relative cap

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

3 days 1 second

Recommended: 7 days

Activity

User Distribution

User	Deposit	% of Deposits
	12,942,148.75 USDC$12.93M	48.78%
	7,485,380.1 USDC$7.48M	28.21%
	2,194,273.69 USDC$2.19M	8.27%
	1,641,117.11 USDC$1.64M	6.18%
	590,840.9 USDC$590.73k	2.22%

of

User Distribution

All Transactions

Date	Type	Amount
2026-09-28 06:04:47	Transfer	-
2026-09-27 19:57:11	Withdraw	51,000 USDC$50.99k
2026-09-27 06:05:11	Transfer	-
2026-09-26 06:43:23	Deposit	3,464.93 USDC$3464.29
2026-09-26 06:05:11	Transfer	-
2026-09-26 01:18:35	Transfer	-
2026-09-26 01:18:35	Transfer	-
2026-09-26 01:18:35	Deposit	2,046.26 USDC$2045.88
2026-09-26 00:02:59	Deposit	80,653.16 USDC$80.63k
2026-09-25 19:30:59	Withdraw	19.32 USDC$19.31

1

All Transactions

Deposit USDC

$0

0.00 USDC

Network

Ethereum

Deposit (USDC)

0.00

APY

4.69%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Deposit USDC

$0

0.00 USDC

Network

Ethereum

Deposit (USDC)

0.00

APY

4.69%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Exposure

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked bycbBTC 86% LLTV	42.32%	11.22M	11.22M	33.25M	90.19%	Infinite	100%	4.50%
USDCbacked byWBTC 86% LLTV	25%	6.63M	6.63M	12.4M	90.29%	Infinite	100%	4.69%
USDCbacked byrETH 86% LLTV	11.73%	3.11M	307.66k	307.66k	90.14%	Infinite	100%	4.15%
USDCbacked bywstETH 86% LLTV	9.99%	2.65M	2.65M	3.13M	90.32%	Infinite	100%	4.67%
USDCbacked byOETH 86% LLTV	9.14%	2.42M	1.25M	1.25M	88.22%	Infinite	100%	6.54%
USDCbacked byLsETH 86% LLTV	1.1%	291.97k	28.67k	28.67k	90.17%	Infinite	100%	3.36%
USDCbacked byWETH 86% LLTV	0.65%	173.68k	173.68k	849.87k	90.30%	Infinite	100%	4.68%
Idle Liquidity
	0.06%	15.98k	15.98k	-	-	-	-	-

Position Unit Price (USDC)

1.035046

Allocation History

Ratings

Risk Score

A

Risk Score

A

User Distribution

User	Deposit	% of Deposits
	12,942,148.75 USDC$12.93M	48.78%
	7,485,380.1 USDC$7.48M	28.21%
	2,194,273.69 USDC$2.19M	8.27%
	1,641,117.11 USDC$1.64M	6.18%
	590,840.9 USDC$590.73k	2.22%

of

Total Deposits (USD)

$26.52M

Owner

SAFE 5/8

Curator

SAFE 2/5

Sentinel 1

SAFE 5/8

Morpho vault version

v2

Vault deployment date

2025-10-23

Curator TVL

$52.84M

Allocator 1

0x331D9C769185AE25233314859d53c2b9203a1204

Allocator 2

0xAF150c6d108D0C2c96BbFC3CeF9B4848b5D99440

Allocator 3

0xF0Cf1e3Ec6264b03241826f5b2aBda17B4352A75

Allocator 4

SAFE 2/5

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 1 second

Recommended: 7 days

Increase absolute cap

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

3 days 1 second

Recommended: 7 days

Increase relative cap

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

3 days 1 second

Recommended: 7 days

All Transactions

Date	Type	Amount
2026-09-28 06:04:47	Transfer	-
2026-09-27 19:57:11	Withdraw	51,000 USDC$50.99k
2026-09-27 06:05:11	Transfer	-
2026-09-26 06:43:23	Deposit	3,464.93 USDC$3464.29
2026-09-26 06:05:11	Transfer	-
2026-09-26 01:18:35	Transfer	-
2026-09-26 01:18:35	Transfer	-
2026-09-26 01:18:35	Deposit	2,046.26 USDC$2045.88
2026-09-26 00:02:59	Deposit	80,653.16 USDC$80.63k
2026-09-25 19:30:59	Withdraw	19.32 USDC$19.31

1

Returns

Instant APY

4.69%

7D APY

4.75%

30D APY

4.61%

90D APY

4.22%

Fees

Performance fee

0%

Management fee

0%

Performance fee recipient

0x9F230218cf7FDe6A9246e6f8CB0b888377E92639

Management fee recipient

0x9F230218cf7FDe6A9246e6f8CB0b888377E92639

Net APY

4.69%

APY Breakdown

Vault Net APY

4.69%

Performance Fee

0%

Management Fee

0%

KPKUSDC Prime

Ethereum

A low-risk USDC vault with 24h automation. Allocations are continuously rebalanced across liquid markets with strict collateral filters to preserve liquidity and mitigate risk.

Total Deposits

$26.52M

26.52M USDC

Liquidity

$22.28M

22.29M USDC

Exposure

+2

Net APY

4.69

%

Date	Amount	Vault / Market
2026-09-28 12:02:47	+4,399,474.31 USDC+$4.39M	USDCbacked bycbBTC 86% LLTV
2026-09-28 12:02:47	-308,962 USDC-$308.90k	USDCbacked byOETH 86% LLTV
2026-09-28 12:02:47	-4,105,137.21 USDC-$4.10M	USDCbacked byWBTC 86% LLTV
2026-09-28 11:41:47	+4,114,713.01 USDC+$4.11M	USDCbacked byWBTC 86% LLTV
2026-09-28 11:41:47	+331,444.56 USDC+$331.38k	USDCbacked byOETH 86% LLTV

1