PendleEcosystem USDC

Ethereum

The Pendle Ecosystem USDC vault is an official Pendle ecosystem vault. Assets are selected and approved by the Pendle team. The vault allocates liquidity exclusively to selected PT collateral markets within the Pendle ecosystem, enabling deeper USDC borrow liquidity for PT-looping strategies.

Total Deposits

$58.45M

58.46M USDC

Liquidity

$15.02M

15.02M USDC

Exposure

Net APY

6.86

%

Overview

Vault Configuration

Morpho vault version

v2

Vault deployment date

2026-08-04

Curator TVL

$131.50M

Total Deposits (USD)

$58.45M

Net APY

6.86%

APY Breakdown

Vault Net APY

5.53%

PENDLE

+1.32%

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 byPT-reUSD-10DEC2026 91.5% LLTV	60.28%	35.24M	11.87M	11.87M	89.43%	60M	100%	7.36%
USDCbacked byPT-sUSDS-26NOV2026 91.5% LLTV	26.63%	15.56M	2.4M	2.4M	84.53%	40M	100%	3.63%
USDCbacked byPT-sUSDE-26NOV2026 91.5% LLTV	13.09%	7.65M	745.36k	745.36k	90.25%	10M	100%	3.36%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Exposure

Allocation History

Date	Amount	Vault / Market
2026-10-02 11:56:59	+396.933 USDC+$396.90	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-10-02 09:25:23	-9,000 USDC-$8999.26	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-10-02 09:19:11	-33,584.24 USDC-$33.58k	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-10-02 08:29:47	-1,019,472.38 USDC-$1.01M	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-10-02 08:07:59	+5.627 USDC+$5.62	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV

1

Performance

Position Unit Price (USDC)

1.009034

Returns

Instant APY

6.86%

7D APY

6.24%

30D APY

5.75%

90D APY

-

Fees

Performance fee

5%

Management fee

0%

Performance fee recipient

0xB83A77677c51aAf6c45b0b64199eAe6938559E5e

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 4/6

Curator

SAFE 3/5

Sentinel 1

0x77fcF2c8BB9c6a0DA2D21F331E15Fd83A63E9Fbe

Risk Curation

Allocator 1

0x12F6e7646808aA948bA7a625Ef6E02f55efC684B

Allocator 2

0x73b40E49EB625e6B2EE8E41C8a5509F3e206a53b

Allocator 3

0xC007EB51E3d3285D192F43A35A7A5dAcC35A8D99

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

3 days

Recommended: 7 days

Increase relative cap

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

3 days

Recommended: 7 days

Activity

User Distribution

User	Deposit	% of Deposits
	5,001,031.78 USDC$5.00M	8.55%
	4,046,797.31 USDC$4.04M	6.92%
	3,505,379.34 USDC$3.50M	5.99%
	2,553,397.65 USDC$2.55M	4.36%
	2,523,248.88 USDC$2.52M	4.31%

of

User Distribution

All Transactions

Date	Type	Amount
2026-10-02 11:56:59	Deposit	396.933 USDC$396.90
2026-10-02 11:04:47	Transfer	-
2026-10-02 11:04:47	Transfer	-
2026-10-02 09:25:23	Withdraw	9,000 USDC$8999.26
2026-10-02 09:19:11	Withdraw	33,584.24 USDC$33.58k
2026-10-02 08:29:47	Withdraw	1,019,472.38 USDC$1.01M
2026-10-02 08:07:59	Deposit	5.627 USDC$5.62
2026-10-02 08:07:59	Withdraw	5.05 USDC$5.05
2026-10-02 08:05:11	Withdraw	20,000 USDC$19.99k
2026-10-02 08:04:47	Withdraw	28,005.77 USDC$28.00k

1

All Transactions

Deposit USDC

$0

0.00 USDC

APY

6.86%

Deposit (USDC)

0.00

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Network

Ethereum

Ratings

No ratings available for this vault.

User Distribution

User	Deposit	% of Deposits
	5,001,031.78 USDC$5.00M	8.55%
	4,046,797.31 USDC$4.04M	6.92%
	3,505,379.34 USDC$3.50M	5.99%
	2,553,397.65 USDC$2.55M	4.36%
	2,523,248.88 USDC$2.52M	4.31%

of

Exposure

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV	60.28%	35.24M	11.87M	11.87M	89.43%	60M	100%	7.36%
USDCbacked byPT-sUSDS-26NOV2026 91.5% LLTV	26.63%	15.56M	2.4M	2.4M	84.53%	40M	100%	3.63%
USDCbacked byPT-sUSDE-26NOV2026 91.5% LLTV	13.09%	7.65M	745.36k	745.36k	90.25%	10M	100%	3.36%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Allocation History

Position Unit Price (USDC)

1.009034

Deposit USDC

$0

0.00 USDC

APY

6.86%

Deposit (USDC)

0.00

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Network

Ethereum

Total Deposits (USD)

$58.45M

Owner

SAFE 4/6

Curator

SAFE 3/5

Sentinel 1

0x77fcF2c8BB9c6a0DA2D21F331E15Fd83A63E9Fbe

Morpho vault version

v2

Vault deployment date

2026-08-04

Curator TVL

$131.50M

Allocator 1

0x12F6e7646808aA948bA7a625Ef6E02f55efC684B

Allocator 2

0x73b40E49EB625e6B2EE8E41C8a5509F3e206a53b

Allocator 3

0xC007EB51E3d3285D192F43A35A7A5dAcC35A8D99

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

3 days

Recommended: 7 days

Increase relative cap

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

3 days

Recommended: 7 days

All Transactions

Date	Type	Amount
2026-10-02 11:56:59	Deposit	396.933 USDC$396.90
2026-10-02 11:04:47	Transfer	-
2026-10-02 11:04:47	Transfer	-
2026-10-02 09:25:23	Withdraw	9,000 USDC$8999.26
2026-10-02 09:19:11	Withdraw	33,584.24 USDC$33.58k
2026-10-02 08:29:47	Withdraw	1,019,472.38 USDC$1.01M
2026-10-02 08:07:59	Deposit	5.627 USDC$5.62
2026-10-02 08:07:59	Withdraw	5.05 USDC$5.05
2026-10-02 08:05:11	Withdraw	20,000 USDC$19.99k
2026-10-02 08:04:47	Withdraw	28,005.77 USDC$28.00k

1

Date	Amount	Vault / Market
2026-10-02 11:56:59	+396.933 USDC+$396.90	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-10-02 09:25:23	-9,000 USDC-$8999.26	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-10-02 09:19:11	-33,584.24 USDC-$33.58k	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-10-02 08:29:47	-1,019,472.38 USDC-$1.01M	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV
2026-10-02 08:07:59	+5.627 USDC+$5.62	USDCbacked byPT-reUSD-10DEC2026 91.5% LLTV

1

Returns

Instant APY

6.86%

7D APY

6.24%

30D APY

5.75%

90D APY

-

Fees

Performance fee

5%

Management fee

0%

Performance fee recipient

0xB83A77677c51aAf6c45b0b64199eAe6938559E5e

Management fee recipient

Net APY

6.86%

APY Breakdown

Vault Net APY

5.53%

PENDLE

+1.32%

Performance Fee

5%

Management Fee

0%

PendleEcosystem USDC

Ethereum

The Pendle Ecosystem USDC vault is an official Pendle ecosystem vault. Assets are selected and approved by the Pendle team. The vault allocates liquidity exclusively to selected PT collateral markets within the Pendle ecosystem, enabling deeper USDC borrow liquidity for PT-looping strategies.

Total Deposits

$58.45M

58.46M USDC

Liquidity

$15.02M

15.02M USDC

Exposure

Net APY

6.86

%