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

$722.12k

722.2k USDC

Liquidity

$239.95k

239.97k USDC

Exposure

+2

Net APY

4.91

%

Overview

Vault Configuration

Morpho vault version

v2

Vault deployment date

2026-01-01

Curator TVL

$20.10M

Total Deposits (USD)

$722.12k

Net APY

4.91%

APY Breakdown

Vault Net APY

4.91%

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	68.49%	494.64k	47.65k	47.65k	90.36%	2M	100%	5.41%
USDCbacked bywstETH 86% LLTV	26.11%	188.55k	188.55k	2.99M	90.25%	10M	100%	4.49%
USDCbacked byONDO 62.5% LLTV	4.56%	32.91k	3177.92	3177.92	90.34%	1M	100%	5.41%
USDCbacked bySYRUP 62.5% LLTV	0.65%	4684.1	454.27	454.27	90.30%	200k	100%	5.40%
USDCbacked byCOMP 62.5% LLTV	0.14%	1006.79	97.44	97.44	90.33%	100k	100%	5.41%
USDCbacked byEIGEN 62.5% LLTV	0.05%	388.17	37.55	37.55	90.32%	1M	100%	5.41%
USDCbacked byFLUID 62.5% LLTV	0%	< 0.01	< 0.01	0.01	89.39%	60k	100%	3.75%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Exposure

Allocation History

Date	Amount	Vault / Market
2026-09-22 07:52:23	+413.861 USDC+$413.81	USDCbacked bywstETH 86% LLTV
2026-09-22 07:52:23	+87.532 USDC+$87.52	USDCbacked byMORPHO 62.5% LLTV
2026-09-22 07:52:23	+5.456 USDC+$5.45	USDCbacked byONDO 62.5% LLTV
2026-09-22 07:52:23	+0.16 USDC+$0.16	USDCbacked byCOMP 62.5% LLTV
2026-09-22 07:52:23	+0.061 USDC+$0.06	USDCbacked byEIGEN 62.5% LLTV

1

Performance

Position Unit Price (USDC)

2.051102

Returns

Instant APY

4.91%

7D APY

4.98%

30D APY

4.49%

90D APY

4.24%

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
	717,861.98 USDC$717.79k	99.39%
	4,108.35 USDC$4107.95	0.56%
	153.948 USDC$153.93	0.02%
	70.417 USDC$70.41	< 0.01%
	2.051 USDC$2.05	< 0.01%

of

User Distribution

All Transactions

Date	Type	Amount
2026-09-09 11:51:47	Withdraw	61,385.75 USDC$61.37k
2026-09-07 03:14:35	Deposit	70.273 USDC$70.26
2026-09-07 03:01:47	Deposit	61,369.12 USDC$61.36k
2026-08-03 13:52:35	Transfer	-
2026-07-30 14:51:47	Deposit	200,000 USDC$199.97k
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

4.91%

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

4.91%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

User Distribution

User	Deposit	% of Deposits
	717,861.98 USDC$717.79k	99.39%
	4,108.35 USDC$4107.95	0.56%
	153.948 USDC$153.93	0.02%
	70.417 USDC$70.41	< 0.01%
	2.051 USDC$2.05	< 0.01%

of

Position Unit Price (USDC)

2.051102

Allocation History

Exposure

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked byMORPHO 62.5% LLTV	68.49%	494.64k	47.65k	47.65k	90.36%	2M	100%	5.41%
USDCbacked bywstETH 86% LLTV	26.11%	188.55k	188.55k	2.99M	90.25%	10M	100%	4.49%
USDCbacked byONDO 62.5% LLTV	4.56%	32.91k	3177.92	3177.92	90.34%	1M	100%	5.41%
USDCbacked bySYRUP 62.5% LLTV	0.65%	4684.1	454.27	454.27	90.30%	200k	100%	5.40%
USDCbacked byCOMP 62.5% LLTV	0.14%	1006.79	97.44	97.44	90.33%	100k	100%	5.41%
USDCbacked byEIGEN 62.5% LLTV	0.05%	388.17	37.55	37.55	90.32%	1M	100%	5.41%
USDCbacked byFLUID 62.5% LLTV	0%	< 0.01	< 0.01	0.01	89.39%	60k	100%	3.75%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Total Deposits (USD)

$722.12k

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

$20.10M

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

All Transactions

Date	Type	Amount
2026-09-09 11:51:47	Withdraw	61,385.75 USDC$61.37k
2026-09-07 03:14:35	Deposit	70.273 USDC$70.26
2026-09-07 03:01:47	Deposit	61,369.12 USDC$61.36k
2026-08-03 13:52:35	Transfer	-
2026-07-30 14:51:47	Deposit	200,000 USDC$199.97k
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

4.91%

7D APY

4.98%

30D APY

4.49%

90D APY

4.24%

Fees

Performance fee

5%

Management fee

0%

Performance fee recipient

0x8e03609ed680B237C7b6f8020472CA0687308b24

Management fee recipient

Net APY

4.91%

APY Breakdown

Vault Net APY

4.91%

Performance Fee

5%

Management Fee

0%

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

$722.12k

722.2k USDC

Liquidity

$239.95k

239.97k USDC

Exposure

+2

Net APY

4.91

%

4 pending actions

Date	Amount	Vault / Market
2026-09-22 07:52:23	+413.861 USDC+$413.81	USDCbacked bywstETH 86% LLTV
2026-09-22 07:52:23	+87.532 USDC+$87.52	USDCbacked byMORPHO 62.5% LLTV
2026-09-22 07:52:23	+5.456 USDC+$5.45	USDCbacked byONDO 62.5% LLTV
2026-09-22 07:52:23	+0.16 USDC+$0.16	USDCbacked byCOMP 62.5% LLTV
2026-09-22 07:52:23	+0.061 USDC+$0.06	USDCbacked byEIGEN 62.5% LLTV

1