AlphaMUSD

V1

Ethereum

Alpha MUSD is a performance-driven vault designed to maximize risk-adjusted returns for MUSD the fully Bitcoin-backed stablecoin issued by Mezo.

Total Deposits

$82.16

82.96 MUSD

Liquidity

$82.13

82.93 MUSD

Exposure

Net APY

< 0.01

%

Overview

Vault Configuration

Morpho vault version

v1.1

Vault deployment date

2025-09-18

Timelock duration

3 days

Total Deposits (USD)

$82.16

APY Breakdown

Vault Net APY

< 0.01%

Performance Fee

10%

Allocation

Market Exposure	Vault Allocation (MUSD)	Liquidity (MUSD)	Underlying Liquidity (MUSD)	Supply Cap	APY	Utilization
MUSDbacked bytBTC 86% LLTV	82.96	82.93	82.93	$19.8M	< 0.01%	0.03%
MUSDIdle Liquidity	0	0	-	-	-	-
MUSDbacked bycbBTC 86% LLTV	0	0	17.32	$19.8M	< 0.01%	< 0.01%

Allocation History

Date	Amount	Market
2026-02-23 14:39:35	+206,268.3 MUSD+$204.28k	MUSDIdle Liquidity
2026-02-23 14:39:35	-206,268.3 MUSD-$204.28k	MUSDbacked bytBTC 86% LLTV
2026-02-18 13:19:23	+131,156.46 MUSD+$129.89k	MUSDIdle Liquidity
2026-02-18 13:19:23	-131,156.46 MUSD-$129.89k	MUSDbacked bytBTC 86% LLTV
2026-01-16 11:08:35	+120,096.54 MUSD+$118.93k	MUSDIdle Liquidity

of

Performance

Position Unit Price (MUSD)

1.054279

+< 0.01%

Returns

Instant APY

< 0.01%

7D APY

< 0.01%

30D APY

< 0.01%

90D APY

< 0.01%

Fees

Performance fee

10.00%

Performance fee recipient

0xEB4A...4645

Returns

Risk

Risk Disclosures

Curator has not submitted a Disclosure.

Ratings

No ratings available for this vault.

Ratings

Vault Roles

Risk Curation

Activity

User Distribution

User	Deposit	% of Deposits
	44.341 MUSD$43.91	53.44%
	30.179 MUSD$29.88	36.37%
	2.784 MUSD$2.75	3.35%
	1.699 MUSD$1.68	2.04%
	1.45 MUSD$1.43	1.74%

of

User Distribution

All transactions

Date	Type	Amount
2026-06-22 18:44:11	Vault Withdraw	42.186 MUSD$41.78
2026-06-16 15:52:35	Vault Transfer	-
2026-06-07 03:13:11	Vault Transfer	-
2026-05-02 04:01:35	Vault Withdraw	200 MUSD$198.07
2026-04-25 17:18:11	Vault Transfer	-
2026-04-21 04:59:11	Vault Withdraw	1,034.94 MUSD$1024.97
2026-04-20 17:46:59	Vault Withdraw	4,551.89 MUSD$4508.03
2026-04-20 05:03:59	Vault Withdraw	415.715 MUSD$411.71
2026-04-19 00:28:35	Vault Withdraw	294.38 MUSD$291.54
2026-04-19 00:03:23	Vault Withdraw	5,205.71 MUSD$5155.55

1

All Transactions

Deposit MUSD

$0

0.00 MUSD

Network

Ethereum

Deposit (MUSD)

0.00

APY

< 0.01%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Ratings

No ratings available for this vault.

Deposit MUSD

$0

0.00 MUSD

Network

Ethereum

Deposit (MUSD)

0.00

APY

< 0.01%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

User Distribution

User	Deposit	% of Deposits
	44.341 MUSD$43.91	53.44%
	30.179 MUSD$29.88	36.37%
	2.784 MUSD$2.75	3.35%
	1.699 MUSD$1.68	2.04%
	1.45 MUSD$1.43	1.74%

of

Date	Amount	Market
2026-02-23 14:39:35	+206,268.3 MUSD+$204.28k	MUSDIdle Liquidity
2026-02-23 14:39:35	-206,268.3 MUSD-$204.28k	MUSDbacked bytBTC 86% LLTV
2026-02-18 13:19:23	+131,156.46 MUSD+$129.89k	MUSDIdle Liquidity
2026-02-18 13:19:23	-131,156.46 MUSD-$129.89k	MUSDbacked bytBTC 86% LLTV
2026-01-16 11:08:35	+120,096.54 MUSD+$118.93k	MUSDIdle Liquidity

of

Position Unit Price (MUSD)

1.054279

+< 0.01%

All transactions

Date	Type	Amount
2026-06-22 18:44:11	Vault Withdraw	42.186 MUSD$41.78
2026-06-16 15:52:35	Vault Transfer	-
2026-06-07 03:13:11	Vault Transfer	-
2026-05-02 04:01:35	Vault Withdraw	200 MUSD$198.07
2026-04-25 17:18:11	Vault Transfer	-
2026-04-21 04:59:11	Vault Withdraw	1,034.94 MUSD$1024.97
2026-04-20 17:46:59	Vault Withdraw	4,551.89 MUSD$4508.03
2026-04-20 05:03:59	Vault Withdraw	415.715 MUSD$411.71
2026-04-19 00:28:35	Vault Withdraw	294.38 MUSD$291.54
2026-04-19 00:03:23	Vault Withdraw	5,205.71 MUSD$5155.55

1

Total Deposits (USD)

$82.16

Vault Roles

Owner

SAFE 2/4

Curator

SAFE 2/4

Guardian

SAFE 2/3

Vault Configuration

Morpho vault version

v1.1

Vault deployment date

2025-09-18

Timelock duration

3 days

Owner

SAFE 2/4

Curator

SAFE 2/4

Guardian

SAFE 2/3

Allocation History

Market Exposure	Vault Allocation (MUSD)	Liquidity (MUSD)	Underlying Liquidity (MUSD)	Supply Cap	APY	Utilization
MUSDbacked bytBTC 86% LLTV	82.96	82.93	82.93	$19.8M	< 0.01%	0.03%
MUSDIdle Liquidity	0	0	-	-	-	-
MUSDbacked bycbBTC 86% LLTV	0	0	17.32	$19.8M	< 0.01%	< 0.01%

Returns

Instant APY

< 0.01%

7D APY

< 0.01%

30D APY

< 0.01%

90D APY

< 0.01%

Fees

Performance fee

10.00%

Performance fee recipient

0xEB4A...4645

AlphaMUSD

V1

Ethereum

Alpha MUSD is a performance-driven vault designed to maximize risk-adjusted returns for MUSD the fully Bitcoin-backed stablecoin issued by Mezo.

Total Deposits

$82.16

82.96 MUSD

Liquidity

$82.13

82.93 MUSD

Exposure

Net APY

< 0.01

%

APY Breakdown

Vault Net APY

< 0.01%

Performance Fee

10%

Net APY

< 0.01%