YearnDegen USDC

Katana

Yearn Degen vaults lend underlying assets to markets labeled as higher risk by the Yearn team. Optimization across markets is handled automatically via an algorithm developed by Yearn. Supply caps are set based on various factors and continuously monitored by the Yearn team as well.

Total Deposits

$1.44M

1.44M vbUSDC

Liquidity

$1.2M

1.2M vbUSDC

Exposure

+2

Net APY

4.44

%

Overview

Vault Configuration

Morpho vault version

v2

Vault deployment date

2026-05-25

Curator TVL

$36.89M

Total Deposits (USD)

$1.44M

Net APY

4.44%

APY Breakdown

Vault Net APY

2.37%

KAT

+2.06%

Performance Fee

10%

Management Fee

0%

Allocation

Exposure

Markets	Allocation (%)	Allocation (vbUSDC)	Liquidity (vbUSDC)	Underlying Liquidity (vbUSDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
vbUSDCbacked byvbWBTC 86% LLTV	76.54%	1.1M	1.1M	2.76M	78.23%	10M	100%	3.07%
vbUSDCbacked byvbETH 86% LLTV	16.09%	232.19k	78.88k	78.88k	82.69%	10M	100%	7.70%
vbUSDCbacked bystcUSD 86% LLTV	6.95%	100.32k	17.11k	17.11k	82.93%	1M	100%	11.90%
vbUSDCbacked byKAT 62.5% LLTV	0.21%	3015.47	737.24	737.24	75.55%	2M	100%	127.35%
vbUSDCbacked bysiUSD 86% LLTV	0.21%	3005.75	593.24	593.24	80.26%	1M	100%	4.07%
vbUSDCbacked byavKAT 62.5% LLTV	0%	11.84	0.79	0.79	93.55%	2M	100%	7.52%
vbUSDCbacked byweETH 86% LLTV	0%	0	0	0.99	0.82%	3M	100%	< 0.01%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Exposure

Allocation History

Date	Amount	Vault / Market
2026-09-17 13:37:40	-471.157 vbUSDC-$470.96	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 12:44:20	-5.558 vbUSDC-$5.55	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 12:22:22	-1,018.14 vbUSDC-$1017.72	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 12:02:30	-< 0.001 vbUSDC-$< 0.01	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 11:20:16	+8,000 vbUSDC+$7996.66	vbUSDCbacked byvbWBTC 86% LLTV

1

Performance

Position Unit Price (vbUSDC)

1.008494

Returns

Instant APY

4.44%

7D APY

4.26%

30D APY

3.36%

90D APY

2.57%

Fees

Performance fee

10%

Management fee

0%

Performance fee recipient

0x518C21DC88D9780c0A1Be566433c571461A70149

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 4/7

Curator

SAFE 2/3

Sentinel 1

SAFE 3/5

Risk Curation

Allocator 1

0x50B75d586929Ab2F75dC15f07E1B921b7C4Ba8fA

Allocator 2

0x75a1253432356f90611546a487b5350CEF08780D

Allocator 3

0xd952175e940D97775cBC5a523977a6f091D0d702

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
	1,420,996.09 vbUSDC$1.42M	98.48%
	20,000.19 vbUSDC$19.99k	1.38%
	780.84 vbUSDC$780.51	0.05%
	700.32 vbUSDC$700.03	0.04%
	130.51 vbUSDC$130.45	< 0.01%

of

User Distribution

All Transactions

Date	Type	Amount
2026-09-17 13:37:40	Withdraw	471.157 vbUSDC$470.96
2026-09-17 12:44:20	Withdraw	5.558 vbUSDC$5.55
2026-09-17 12:22:22	Withdraw	1,018.14 vbUSDC$1017.72
2026-09-17 12:02:30	Withdraw	< 0.001 vbUSDC$< 0.01
2026-09-17 11:20:16	Deposit	8,000 vbUSDC$7996.66
2026-09-17 11:19:48	Deposit	12,000 vbUSDC$11.99k
2026-09-17 10:43:32	Withdraw	8,793.48 vbUSDC$8789.82
2026-09-17 07:34:05	Withdraw	32.289 vbUSDC$32.27
2026-09-17 07:18:04	Withdraw	52.976 vbUSDC$52.95
2026-09-17 06:40:16	Withdraw	22.779 vbUSDC$22.76

1

All Transactions

Deposit vbUSDC

$0

0.00 vbUSDC

Network

Katana

Deposit (vbUSDC)

0.00

APY

4.42%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Ratings

No ratings available for this vault.

Deposit vbUSDC

$0

0.00 vbUSDC

Network

Katana

Deposit (vbUSDC)

0.00

APY

4.42%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

User Distribution

User	Deposit	% of Deposits
	1,420,996.09 vbUSDC$1.42M	98.48%
	20,000.19 vbUSDC$19.99k	1.38%
	780.84 vbUSDC$780.51	0.05%
	700.32 vbUSDC$700.03	0.04%
	130.51 vbUSDC$130.45	< 0.01%

of

Exposure

Markets	Allocation (%)	Allocation (vbUSDC)	Liquidity (vbUSDC)	Underlying Liquidity (vbUSDC)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
vbUSDCbacked byvbWBTC 86% LLTV	76.54%	1.1M	1.1M	2.76M	78.23%	10M	100%	3.07%
vbUSDCbacked byvbETH 86% LLTV	16.09%	232.19k	78.88k	78.88k	82.69%	10M	100%	7.70%
vbUSDCbacked bystcUSD 86% LLTV	6.95%	100.32k	17.11k	17.11k	82.93%	1M	100%	11.90%
vbUSDCbacked byKAT 62.5% LLTV	0.21%	3015.47	737.24	737.24	75.55%	2M	100%	127.35%
vbUSDCbacked bysiUSD 86% LLTV	0.21%	3005.75	593.24	593.24	80.26%	1M	100%	4.07%
vbUSDCbacked byavKAT 62.5% LLTV	0%	11.84	0.79	0.79	93.55%	2M	100%	7.52%
vbUSDCbacked byweETH 86% LLTV	0%	0	0	0.99	0.82%	3M	100%	< 0.01%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Owner

SAFE 4/7

Curator

SAFE 2/3

Sentinel 1

SAFE 3/5

Morpho vault version

v2

Vault deployment date

2026-05-25

Curator TVL

$36.89M

Allocator 1

0x50B75d586929Ab2F75dC15f07E1B921b7C4Ba8fA

Allocator 2

0x75a1253432356f90611546a487b5350CEF08780D

Allocator 3

0xd952175e940D97775cBC5a523977a6f091D0d702

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

Total Deposits (USD)

$1.44M

Position Unit Price (vbUSDC)

1.008494

Returns

Instant APY

4.44%

7D APY

4.26%

30D APY

3.36%

90D APY

2.57%

Fees

Performance fee

10%

Management fee

0%

Performance fee recipient

0x518C21DC88D9780c0A1Be566433c571461A70149

Management fee recipient

Net APY

4.44%

APY Breakdown

Vault Net APY

2.37%

KAT

+2.06%

Performance Fee

10%

Management Fee

0%

YearnDegen USDC

1 pending action

Katana

Yearn Degen vaults lend underlying assets to markets labeled as higher risk by the Yearn team. Optimization across markets is handled automatically via an algorithm developed by Yearn. Supply caps are set based on various factors and continuously monitored by the Yearn team as well.

Total Deposits

$1.44M

1.44M vbUSDC

Liquidity

$1.2M

1.2M vbUSDC

Exposure

+2

Net APY

4.44

%

1 pending action

All Transactions

Date	Type	Amount
2026-09-17 13:37:40	Withdraw	471.157 vbUSDC$470.96
2026-09-17 12:44:20	Withdraw	5.558 vbUSDC$5.55
2026-09-17 12:22:22	Withdraw	1,018.14 vbUSDC$1017.72
2026-09-17 12:02:30	Withdraw	< 0.001 vbUSDC$< 0.01
2026-09-17 11:20:16	Deposit	8,000 vbUSDC$7996.66
2026-09-17 11:19:48	Deposit	12,000 vbUSDC$11.99k
2026-09-17 10:43:32	Withdraw	8,793.48 vbUSDC$8789.82
2026-09-17 07:34:05	Withdraw	32.289 vbUSDC$32.27
2026-09-17 07:18:04	Withdraw	52.976 vbUSDC$52.95
2026-09-17 06:40:16	Withdraw	22.779 vbUSDC$22.76

1

Date	Amount	Vault / Market
2026-09-17 13:37:40	-471.157 vbUSDC-$470.96	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 12:44:20	-5.558 vbUSDC-$5.55	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 12:22:22	-1,018.14 vbUSDC-$1017.72	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 12:02:30	-< 0.001 vbUSDC-$< 0.01	vbUSDCbacked byvbWBTC 86% LLTV
2026-09-17 11:20:16	+8,000 vbUSDC+$7996.66	vbUSDCbacked byvbWBTC 86% LLTV

1

Allocation History