Overview

Vault Configuration

Allocation

Exposure

Performance

Returns

Instant APY

7D APY

30D APY

90D APY

Fees

Performance fee

Management fee

Performance fee recipient

Management fee recipient

Risk

Risk Disclosures

You are exposed to the Piku ecosystem, and you bear its risk.
The vault deploys USDC into "Piku Ecosystem Vaults" markets on Morpho. Your USDC is supplied against collateral that is itself a share of a Morini strategy vault. 9Summits curates and optimises liquidity on those markets; we do not control or guarantee the underlying strategies.

The collateral is non-liquid and priced off NAV.
The collateral is made of strategy vault shares (Morini CarryTradeUSDTRYLeverage, StockMarketTRBasisTrade, FXArbUSDTRY, USP). Morpho's oracle prices these off the underlying strategy's net asset value, not a live traded market price. There is no deep secondary market to exit these positions quickly. If a strategy's NAV falls, the price the protocol sees falls with it.

Redemption risk.
Underlying strategy vaults may restrict, delay, or freeze redemptions, in some cases without immediately marking down NAV. If redemptions freeze, the vault cannot exit those markets on demand, and the liquidity available to withdrawing depositors is limited to what remains liquid.

No principal protection. No guaranteed yield.
APY is variable, reflects current market conditions, and can fall. This vault does not guarantee your principal or any stated yield against strategy or market loss.

Ratings

Vault Roles

Risk Curation

Timelocks

Activity

User Distribution

All Transactions

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked byCarryTradeUSDTRYLeverage 62.5% LLTV	100%	529.76k	438.55k	438.55k	77.06%	5M	100%	8.37%
USDCbacked byStockMarketTRBasisTrade 86% LLTV	0%	0	0	48.76k	87.91%	2M	100%	8.09%
USDCbacked byaFXArbUSDTRY 86% LLTV	0%	0	0	< 0.01	0.00%	2M	100%	0.00%
USDCbacked byUSP 86% LLTV	0%	0	0	49.01k	63.25%	2M	100%	5.85%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Date	Amount	Vault / Market
2026-10-01 11:08:23	-482.253 USDC-$482.21	USDCbacked byCarryTradeUSDTRYLeverage 62.5% LLTV
2026-10-01 08:22:59	-8,220.47 USDC-$8219.80	USDCbacked byCarryTradeUSDTRYLeverage 62.5% LLTV
2026-10-01 07:44:35	-30,484.62 USDC-$30.48k	USDCbacked byCarryTradeUSDTRYLeverage 62.5% LLTV
2026-10-01 03:54:23	+90.5 USDC+$90.49	USDCbacked byCarryTradeUSDTRYLeverage 62.5% LLTV
2026-10-01 02:52:35	-209.658 USDC-$209.64	USDCbacked byCarryTradeUSDTRYLeverage 62.5% LLTV

User	Deposit	% of Deposits
	150,345.14 USDC$150.33k	28.37%
	144,090.12 USDC$144.07k	27.19%
	50,274.53 USDC$50.27k	9.48%
	28,255.57 USDC$28.25k	5.33%
	20,079.64 USDC$20.07k	3.79%

Date	Type	Amount
2026-10-01 11:08:23	Withdraw	482.253 USDC$482.21
2026-10-01 08:22:59	Withdraw	8,220.47 USDC$8219.80
2026-10-01 07:44:35	Withdraw	30,484.62 USDC$30.48k
2026-10-01 03:54:23	Deposit	90.5 USDC$90.49
2026-10-01 02:52:35	Withdraw	209.658 USDC$209.64
2026-10-01 00:36:47	Withdraw	1,004.24 USDC$1004.16
2026-09-30 22:55:47	Withdraw	50,042.41 USDC$50.03k
2026-09-30 11:49:11	Deposit	1,155 USDC$1154.90
2026-09-29 17:40:23	Withdraw	620.238 USDC$620.18
2026-09-29 05:26:59	Withdraw	51,503.3 USDC$51.49k

Markets	Allocation (%)	Allocation (USDC)	Liquidity (USDC)	Underlying Liquidity (USDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDCbacked byCarryTradeUSDTRYLeverage 62.5% LLTV	100%	529.76k	438.55k	438.55k	77.06%	5M	100%	8.37%
USDCbacked byStockMarketTRBasisTrade 86% LLTV	0%	0	0	48.76k	87.91%	2M	100%	8.09%
USDCbacked byaFXArbUSDTRY 86% LLTV	0%	0	0	< 0.01	0.00%	2M	100%	0.00%
USDCbacked byUSP 86% LLTV	0%	0	0	49.01k	63.25%	2M	100%	5.85%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Overview

Allocation

Performance

Risk

Activity

Overview

Allocation

Performance

Risk

Activity

9SummitsPiku Ecosystem USDC

Overview

Allocation

Performance

Risk

Activity

9SummitsPiku Ecosystem USDC