KabuUSDC

Ethereum

Kabu USDC brings stablecoin liquidity to assets other curators avoid. By operating both the oracle and the vault - Api3 can deliver price updates precisely when liquidation thresholds are reached and not only on broad deviations. Combined with Morpho partial liquidation design this added oracle precision allows long tail assets to be supported in a safer and more controlled way. This allows Kabu to operate markets that other curators cannot run safely.

Total Deposits

$721.36k

721.67k USDC

Liquidity

$243.43k

243.53k USDC

Exposure

+2

Net APY

5.07

%

Overview

Vault Configuration

Morpho vault version

v2

Vault deployment date

2026-01-01

Curator TVL

$18.25M

Total Deposits (USD)

$721.37k

Net APY

5.07%

APY Breakdown

Vault Net APY

5.07%

Performance Fee

5%

Management Fee

0%

Allocation

Exposure

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked byMORPHO 62.5% LLTV	68.47%	494.12k	47.55k	47.55k	90.37%	2M	100%	5.27%
USDCbacked bywstETH 86% LLTV	26.7%	192.65k	192.65k	2.73M	91.05%	10M	100%	5.51%
USDCbacked byONDO 62.5% LLTV	4.06%	29.33k	2794.34	2794.34	90.47%	1M	100%	5.43%
USDCbacked bySYRUP 62.5% LLTV	0.58%	4163.07	397.29	397.29	90.45%	200k	100%	5.43%
USDCbacked byCOMP 62.5% LLTV	0.14%	1004.6	96.01	96.01	90.45%	100k	100%	5.43%
USDCbacked byEIGEN 62.5% LLTV	0.05%	387.33	37	37	90.44%	1M	100%	5.43%
USDCbacked byFLUID 62.5% LLTV	0%	< 0.01	< 0.01	0.01	89.38%	60k	100%	3.76%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Exposure

Allocation History

Date	Amount	Vault / Market
2026-09-16 08:45:11	+41,319.4 USDC+$41.30k	USDCbacked bywstETH 86% LLTV
2026-09-16 08:45:11	+3.156 USDC+$3.15	USDCbacked byMORPHO 62.5% LLTV
2026-09-16 08:45:11	+0.175 USDC+$0.17	USDCbacked byONDO 62.5% LLTV
2026-09-16 08:45:11	+0.023 USDC+$0.02	USDCbacked bySYRUP 62.5% LLTV
2026-09-16 08:45:11	+0.005 USDC+$< 0.01	USDCbacked byCOMP 62.5% LLTV

1

Performance

Position Unit Price (USDC)

2.049756

Returns

Instant APY

5.07%

7D APY

5.02%

30D APY

4.37%

90D APY

4.17%

Fees

Performance fee

5%

Management fee

0%

Performance fee recipient

0x8e03609ed680B237C7b6f8020472CA0687308b24

Management fee recipient

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 3/5

Curator

SAFE 3/5

Sentinel 1

SAFE 1/4

Risk Curation

Allocator 1

0x00b8e1509398ED692C3F326CbAf1694F9A881e27

Allocator 2

0x935c5559E2f8c8dB93b546E72FeF4EC820C81287

Allocator 3

SAFE 3/5

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

7 days

Increase absolute cap

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

7 days

Increase relative cap

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

7 days

Activity

User Distribution

User	Deposit	% of Deposits
	717,339.14 USDC$717.03k	99.39%
	4,105.53 USDC$4103.78	0.56%
	153.84 USDC$153.77	0.02%
	70.36 USDC$70.33	< 0.01%
	2.04 USDC$2.04	< 0.01%

of

User Distribution

All Transactions

Date	Type	Amount
2026-09-09 11:51:47	Withdraw	61,385.75 USDC$61.35k
2026-09-07 03:14:35	Deposit	70.273 USDC$70.24
2026-09-07 03:01:47	Deposit	61,369.12 USDC$61.34k
2026-08-03 13:52:35	Transfer	-
2026-07-30 14:51:47	Deposit	200,000 USDC$199.91k
2026-07-30 08:05:35	Withdraw	2.731 USDC$2.73
2026-07-30 08:02:59	Deposit	2.731 USDC$2.73
2026-07-26 10:54:47	Transfer	-
2026-07-23 10:09:47	Transfer	-
2026-07-23 10:09:47	Deposit	0.498 USDC$0.49

1

All Transactions

Deposit USDC

$0

0.00 USDC

Network

Ethereum

Deposit (USDC)

0.00

APY

5.07%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Ratings

No ratings available for this vault.

Exposure

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked byMORPHO 62.5% LLTV	68.47%	494.12k	47.55k	47.55k	90.37%	2M	100%	5.27%
USDCbacked bywstETH 86% LLTV	26.7%	192.65k	192.65k	2.73M	91.05%	10M	100%	5.51%
USDCbacked byONDO 62.5% LLTV	4.06%	29.33k	2794.34	2794.34	90.47%	1M	100%	5.43%
USDCbacked bySYRUP 62.5% LLTV	0.58%	4163.07	397.29	397.29	90.45%	200k	100%	5.43%
USDCbacked byCOMP 62.5% LLTV	0.14%	1004.6	96.01	96.01	90.45%	100k	100%	5.43%
USDCbacked byEIGEN 62.5% LLTV	0.05%	387.33	37	37	90.44%	1M	100%	5.43%
USDCbacked byFLUID 62.5% LLTV	0%	< 0.01	< 0.01	0.01	89.38%	60k	100%	3.76%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Deposit USDC

$0

0.00 USDC

Network

Ethereum

Deposit (USDC)

0.00

APY

5.07%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

User Distribution

User	Deposit	% of Deposits
	717,339.14 USDC$717.03k	99.39%
	4,105.53 USDC$4103.78	0.56%
	153.84 USDC$153.77	0.02%
	70.36 USDC$70.33	< 0.01%
	2.04 USDC$2.04	< 0.01%

of

Owner

SAFE 3/5

Curator

SAFE 3/5

Sentinel 1

SAFE 1/4

Morpho vault version

v2

Vault deployment date

2026-01-01

Curator TVL

$18.25M

Allocator 1

0x00b8e1509398ED692C3F326CbAf1694F9A881e27

Allocator 2

0x935c5559E2f8c8dB93b546E72FeF4EC820C81287

Allocator 3

SAFE 3/5

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

7 days

Increase absolute cap

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

7 days

Increase relative cap

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

7 days

Position Unit Price (USDC)

2.049756

Total Deposits (USD)

$721.37k

All Transactions

Date	Type	Amount
2026-09-09 11:51:47	Withdraw	61,385.75 USDC$61.35k
2026-09-07 03:14:35	Deposit	70.273 USDC$70.24
2026-09-07 03:01:47	Deposit	61,369.12 USDC$61.34k
2026-08-03 13:52:35	Transfer	-
2026-07-30 14:51:47	Deposit	200,000 USDC$199.91k
2026-07-30 08:05:35	Withdraw	2.731 USDC$2.73
2026-07-30 08:02:59	Deposit	2.731 USDC$2.73
2026-07-26 10:54:47	Transfer	-
2026-07-23 10:09:47	Transfer	-
2026-07-23 10:09:47	Deposit	0.498 USDC$0.49

1

Returns

Instant APY

5.07%

7D APY

5.02%

30D APY

4.37%

90D APY

4.17%

Fees

Performance fee

5%

Management fee

0%

Performance fee recipient

0x8e03609ed680B237C7b6f8020472CA0687308b24

Management fee recipient

KabuUSDC

4 pending actions

Ethereum

Kabu USDC brings stablecoin liquidity to assets other curators avoid. By operating both the oracle and the vault - Api3 can deliver price updates precisely when liquidation thresholds are reached and not only on broad deviations. Combined with Morpho partial liquidation design this added oracle precision allows long tail assets to be supported in a safer and more controlled way. This allows Kabu to operate markets that other curators cannot run safely.

Total Deposits

$721.36k

721.67k USDC

Liquidity

$243.43k

243.53k USDC

Exposure

+2

Net APY

5.07

%

Net APY

5.07%

APY Breakdown

Vault Net APY

5.07%

Performance Fee

5%

Management Fee

0%

Date	Amount	Vault / Market
2026-09-16 08:45:11	+41,319.4 USDC+$41.30k	USDCbacked bywstETH 86% LLTV
2026-09-16 08:45:11	+3.156 USDC+$3.15	USDCbacked byMORPHO 62.5% LLTV
2026-09-16 08:45:11	+0.175 USDC+$0.17	USDCbacked byONDO 62.5% LLTV
2026-09-16 08:45:11	+0.023 USDC+$0.02	USDCbacked bySYRUP 62.5% LLTV
2026-09-16 08:45:11	+0.005 USDC+$< 0.01	USDCbacked byCOMP 62.5% LLTV

1

4 pending actions

Allocation History