BelemRWA EURCV

Ethereum

The Belem RWA EURCV vault allocates EURCV across curated Real World Asset-backed Morpho markets capturing elevated yield from leveraged borrowing demand

Total Deposits

$5.29M

4.7M EURCV

Liquidity

$547.03k

486.57k EURCV

Exposure

+3

Net APY

2.76

%

Overview

Vault Configuration

Morpho vault version

v2

Vault deployment date

2026-08-31

Curator TVL

$89.39M

Total Deposits (USD)

$5.29M

Net APY

2.76%

APY Breakdown

Vault Net APY

2.76%

Performance Fee

10%

Management Fee

0%

Allocation

Exposure

Markets	Allocation (%)	Allocation (EURCV)	Liquidity (EURCV)	Underlying Liquidity (EURCV)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
EURCVbacked bymGLOeuro 77% LLTV	97.72%	4.59M	379.12k	379.12k	91.75%	10M	100%	3.09%
EURCVbacked byWBTC 86% LLTV	2.02%	94.95k	94.95k	471.91k	90.00%	10M	100%	1.77%
EURCVbacked bywstETH 86% LLTV	0.27%	12.49k	12.49k	177.38k	90.09%	10M	100%	1.81%
EURCVbacked byoTFYe 77% LLTV	0%	1	1	1.05	30.00%	10M	100%	0.33%
EURCVbacked bysteakEURCV 91.5% LLTV	0%	1	1	1	2.62%	10M	100%	0.01%
EURCVbacked bycbBTC 86% LLTV	0%	< 0.01	< 0.01	1.62M	87.84%	10M	100%	1.67%
EURCVbacked byeurSAFO 94.5% LLTV	0%	< 0.01	< 0.01	51.01k	90.00%	10M	100%	1.59%
EURCVbacked byEUTBL 96.5% LLTV	0%	0	0	261.78k	90.03%	10M	100%	1.59%
Idle Liquidity
	0%	< 0.01	< 0.01	-	-	-	-	-

Exposure

Allocation History

Date	Amount	Vault / Market
2026-10-01 11:47:11	+1,284 EURCV+$1443.55	EURCVbacked bymGLOeuro 77% LLTV
2026-10-01 11:47:11	-< 0.01 EURCV-$< 0.01	EURCVbacked byeurSAFO 94.5% LLTV
2026-10-01 11:47:11	-< 0.01 EURCV-$< 0.01	EURCVbacked bycbBTC 86% LLTV
2026-10-01 11:47:11	-345.08 EURCV-$387.96	EURCVbacked bywstETH 86% LLTV
2026-10-01 11:47:11	-938.91 EURCV-$1055.58	EURCVbacked byWBTC 86% LLTV

1

Performance

Position Unit Price (EURCV)

1.000206

Returns

Instant APY

2.76%

7D APY

1.39%

30D APY

0.32%

90D APY

-

Fees

Performance fee

10%

Management fee

0%

Performance fee recipient

0x4E6514b9118C64a4B3Df41e03660E55D1E00b646

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 4/9

Curator

SAFE 4/9

Sentinel 1

SAFE 1/4

Risk Curation

Allocator 1

0x1CDa83fE97a2e0A8F94a9cF32Da947C23b72ba02

Allocator 2

SAFE 1/1

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

3 days

Recommended: 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
	4,682,062.97 EURCV$5.26M	99.46%
	25,025.24 EURCV$28.13k	0.53%
	126.71 EURCV$142.46	< 0.01%
	1 EURCV$1.12	< 0.01%

User Distribution

All Transactions

Date	Type	Amount
2026-09-30 15:26:23	Deposit	25,023 EURCV$28.13k
2026-09-27 13:42:35	Withdraw	319,200 EURCV$358.86k
2026-09-25 14:17:59	Deposit	1,500,000 EURCV$1.68M
2026-09-25 12:07:47	Deposit	3,490,000 EURCV$3.92M
2026-09-25 12:06:47	Deposit	10,000 EURCV$11.24k
2026-08-31 07:20:35	Deposit	1 EURCV$1.12

All Transactions

Deposit EURCV

$0

0.00 EURCV

APY

2.76%

Deposit (EURCV)

0.00

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Network

Ethereum

Ratings

No ratings available for this vault.

Deposit EURCV

$0

0.00 EURCV

APY

2.76%

Deposit (EURCV)

0.00

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Network

Ethereum

Position Unit Price (EURCV)

1.000206

User Distribution

User	Deposit	% of Deposits
	4,682,062.97 EURCV$5.26M	99.46%
	25,025.24 EURCV$28.13k	0.53%
	126.71 EURCV$142.46	< 0.01%
	1 EURCV$1.12	< 0.01%

Allocation History

Total Deposits (USD)

$5.29M

Exposure

Markets	Allocation (%)	Allocation (EURCV)	Liquidity (EURCV)	Underlying Liquidity (EURCV)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
EURCVbacked bymGLOeuro 77% LLTV	97.72%	4.59M	379.12k	379.12k	91.75%	10M	100%	3.09%
EURCVbacked byWBTC 86% LLTV	2.02%	94.95k	94.95k	471.91k	90.00%	10M	100%	1.77%
EURCVbacked bywstETH 86% LLTV	0.27%	12.49k	12.49k	177.38k	90.09%	10M	100%	1.81%
EURCVbacked byoTFYe 77% LLTV	0%	1	1	1.05	30.00%	10M	100%	0.33%
EURCVbacked bysteakEURCV 91.5% LLTV	0%	1	1	1	2.62%	10M	100%	0.01%
EURCVbacked bycbBTC 86% LLTV	0%	< 0.01	< 0.01	1.62M	87.84%	10M	100%	1.67%
EURCVbacked byeurSAFO 94.5% LLTV	0%	< 0.01	< 0.01	51.01k	90.00%	10M	100%	1.59%
EURCVbacked byEUTBL 96.5% LLTV	0%	0	0	261.78k	90.03%	10M	100%	1.59%
Idle Liquidity
	0%	< 0.01	< 0.01	-	-	-	-	-

Owner

SAFE 4/9

Curator

SAFE 4/9

Sentinel 1

SAFE 1/4

Morpho vault version

v2

Vault deployment date

2026-08-31

Curator TVL

$89.39M

Allocator 1

0x1CDa83fE97a2e0A8F94a9cF32Da947C23b72ba02

Allocator 2

SAFE 1/1

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

3 days

Recommended: 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
2026-09-30 15:26:23	Deposit	25,023 EURCV$28.13k
2026-09-27 13:42:35	Withdraw	319,200 EURCV$358.86k
2026-09-25 14:17:59	Deposit	1,500,000 EURCV$1.68M
2026-09-25 12:07:47	Deposit	3,490,000 EURCV$3.92M
2026-09-25 12:06:47	Deposit	10,000 EURCV$11.24k
2026-08-31 07:20:35	Deposit	1 EURCV$1.12

Returns

Instant APY

2.76%

7D APY

1.39%

30D APY

0.32%

90D APY

-

Fees

Performance fee

10%

Management fee

0%

Performance fee recipient

0x4E6514b9118C64a4B3Df41e03660E55D1E00b646

Management fee recipient

Net APY

2.76%

APY Breakdown

Vault Net APY

2.76%

Performance Fee

10%

Management Fee

0%

BelemRWA EURCV

Ethereum

The Belem RWA EURCV vault allocates EURCV across curated Real World Asset-backed Morpho markets capturing elevated yield from leveraged borrowing demand

Total Deposits

$5.29M

4.7M EURCV

Liquidity

$547.03k

486.57k EURCV

Exposure

+3

Net APY

2.76

%

Date	Amount	Vault / Market
2026-10-01 11:47:11	+1,284 EURCV+$1443.55	EURCVbacked bymGLOeuro 77% LLTV
2026-10-01 11:47:11	-< 0.01 EURCV-$< 0.01	EURCVbacked byeurSAFO 94.5% LLTV
2026-10-01 11:47:11	-< 0.01 EURCV-$< 0.01	EURCVbacked bycbBTC 86% LLTV
2026-10-01 11:47:11	-345.08 EURCV-$387.96	EURCVbacked bywstETH 86% LLTV
2026-10-01 11:47:11	-938.91 EURCV-$1055.58	EURCVbacked byWBTC 86% LLTV

1