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Yield Clearstar USDC

Risk reportBase0xe74c…ed56

Risk

Depositing into Yield Clearstar USDC means underwriting risks you usually can't see: how much you could lose, whether you'd get out in time, and what would cover it.

Morpho BlueVault (aggregates across markets)

How much could be lost?

Your deposit (optional)

19%of your deposit if collateral falls 50%Only smart-contract bug reaches a total 100%, with no warning to exit.

Can I exit?

Via underlying marketsonly governance changes give a 3-day timelock to exit — every other modeled failure is no-warning

What backs it?

No committed backstopnothing committed would cover a loss

Track record

No pool-level losses recorded36 audits, latest Dec 15, 2025

Collateral and oracle exposure

Each token you're exposed to, and the market it backs. If that market breaks, this is how much the vault loses, in dollars and as a share of the vault. Open a row for the price feed, stress curve, and supply-cap detail. Below, the oracles those prices depend on and what is at stake if one is compromised.

If collateral prices dropper asset · no liquidations · stress estimate

est. bad debt up to 2% of deposit

Driven by yoUSD −30% <1% · mBASIS −30% <1% · cbXRP −30% <1% · other <1% · −100% 87% modeled all-to-zero bad-debt ceiling

CollateralAllocationMarket ExposureOracle Exposure

cbXRPMarketChainlink52%of vault · bad debt · $386,573Oracle exposure 8%

60%of vault · $444,09652%of vault · $386,5738%separate path

What it's made of

cbXRP token page

Market· Chainlink(aggregator)

cbXRP is priced via XRP / USD — market-rate feed (Chainlink).

BaseXRP / USDMarketChainlink

Markets this collateral backs · 2

→ USDC77% LLTV0x031b…0fdeChainlink
→ USDC63% LLTV0x031b…0fdeChainlink

Room to grow: $444,096 of $4m cap (11% used)Aggregate Collateral Trust (ACT):$7.67m15 vaultsToken:0xcb58…a4afAllocation: 60% of the vault · $444,096

If it breaks

−30% default

At −30%:est. bad debt up to 0.2% of depositUses 2 market LLTV curves · capped at allocation $444,096 · drag to set this asset's drop

Oracle exposure: up to 8% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

cbDOGEMarketChainlink13%of vault · bad debt · $95,757Oracle exposure 2%

15%of vault · $111,78313%of vault · $95,7572%separate path

What it's made of

cbDOGE token page

Market· Chainlink(aggregator)

cbDOGE is priced via DOGE / USD — market-rate feed (Chainlink).

BaseDOGE / USDMarketChainlink

Markets this collateral backs · 1

→ USDC63% LLTV0xa9d3…91b2Chainlink

Room to grow: $111,783 of $2m cap (6% used)Aggregate Collateral Trust (ACT):$400,77111 vaultsToken:0xcbd0…b510Allocation: 15% of the vault · $111,783

If it breaks

−30% default

At −30%:no modeled bad debtUses 1 market LLTV curve · capped at allocation $111,783 · drag to set this asset's drop

Oracle exposure: up to 2% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

cbLTCMarketChainlink11%of vault · bad debt · $85,067Oracle exposure 2%

13%of vault · $98,85611%of vault · $85,0672%separate path

What it's made of

cbLTC token page

Market· Chainlink(aggregator)

cbLTC is priced via LTC / USD — market-rate feed (Chainlink).

BaseLTC / USDMarketChainlink

Markets this collateral backs · 1

→ USDC63% LLTV0x47f9…a00dChainlink

Room to grow: $98,856 of $2m cap (5% used)Aggregate Collateral Trust (ACT):$131,05711 vaultsToken:0xcb17…445fAllocation: 13% of the vault · $98,856

If it breaks

−30% default

At −30%:no modeled bad debtUses 1 market LLTV curve · capped at allocation $98,856 · drag to set this asset's drop

Oracle exposure: up to 2% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

yoUSDHybrid4%of vault · bad debt · $29,895Oracle exposure 0.4%

4%of vault · $32,8644%of vault · $29,8950.4%separate path

What it's made of

yoUSD token page

Hybrid(exchange-rate)

yoUSD is priced from an exchange-rate/NAV leg (ERC4626 vault share-rate) — no market-rate feed, so it tracks redemption value, not market price.

BaseERC4626 vault share-rateVault

Markets this collateral backs · 1

→ USDC92% LLTV0x77f5…6222

Room to grow: $32,864 of $15m cap (<1% used)Aggregate Collateral Trust (ACT):$35,9443 vaultsToken:0x0000…8a65Allocation: 4% of the vault · $32,864

If it breaks

−30% default

At −30%:est. bad debt up to 0.9% of depositUses 1 market LLTV curve · capped at allocation $32,864 · drag to set this asset's drop

Oracle exposure: up to 0.4% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

cbADAMarketChainlink3%of vault · bad debt · $25,196Oracle exposure 0.5%

4%of vault · $28,7503%of vault · $25,1960.5%separate path

What it's made of

cbADA token page

Market· Chainlink(aggregator)

cbADA is priced via ADA / USD — market-rate feed (Chainlink).

BaseADA / USDMarketChainlink

Markets this collateral backs · 2

→ USDC63% LLTV0x35d8…e45fChainlink
→ USDC77% LLTV0x35d8…e45fChainlink

Room to grow: $28,750 of $4m cap (<1% used)Aggregate Collateral Trust (ACT):$413,02110 vaultsToken:0xcbad…7b8cAllocation: 4% of the vault · $28,750

If it breaks

−30% default

At −30%:no modeled bad debtUses 2 market LLTV curves · capped at allocation $28,750 · drag to set this asset's drop

Oracle exposure: up to 0.5% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

mBASISHybridChainlink2%of vault · bad debt · $14,464Oracle exposure 0.5%

2%of vault · $17,8882%of vault · $14,4640.5%separate path

What it's made of

mBASIS token page

Hybrid· Chainlink(composite)

Mixes market and exchange-rate inputs — partial depeg insulation, partial market exposure.

Markets this collateral backs · 1

→ USDC86% LLTV0xc8b7…3bc9Chainlink

Room to grow: $16,485 of $5m cap (<1% used)Aggregate Collateral Trust (ACT):$3,9024 vaultsToken:0x1c27…92b2Allocation: 2% of the vault · $17,888

If it breaks

−30% default

At −30%:est. bad debt up to 0.4% of depositUses 1 market LLTV curve · capped at allocation $17,888 · drag to set this asset's drop

Oracle exposure: up to 0.5% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

superOETHbMarketChainlink0.4%of vault · bad debt · $3,161Oracle exposure <0.1%

0.5%of vault · $3,5090.4%of vault · $3,161<0.1%separate path

What it's made of

superOETHb token page

Market· Chainlink(aggregator)

WETH is priced via ETH / USD, quoted in USDC / USD — 2-hop market-rate feeds (Chainlink).

BaseETH / USDMarketChainlinkQuoteUSDC / USDMarketChainlink

Markets this collateral backs · 1

→ USDC77% LLTV0xfea2…afe4Chainlink

Room to grow: $3,509 of $5m cap (<1% used)Aggregate Collateral Trust (ACT):$78,5005 vaultsToken:0xdbfe…60a3Allocation: 0.5% of the vault · $3,509

If it breaks

−30% default

At −30%:est. bad debt up to <0.1% of depositUses 1 market LLTV curve · capped at allocation $3,509 · drag to set this asset's drop

Oracle exposure: up to <0.1% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

wstETHMarketChainlink0.1%of vault · bad debt · $892.56Oracle exposure <0.1%

0.1%of vault · $1,0010.1%of vault · $892.56<0.1%separate path

What it's made of

wstETH token page

Market· Chainlink(aggregator)

wstETH is priced via WSTETH / ETH × ETH / USD, quoted in USDC / USD — 3-hop market-rate feeds (Chainlink).

BaseWSTETH / ETHMarketChainlinkETH / USDMarketChainlinkQuoteUSDC / USDMarketChainlink

Markets this collateral backs · 1

→ USDC86% LLTV0xd7a1…289aChainlink

Room to grow: $1,001 of $5m cap (<1% used)Aggregate Collateral Trust (ACT):$27.23m34 vaultsToken:0xc1cb…e452Allocation: 0.1% of the vault · $1,001

If it breaks

−30% default

At −30%:est. bad debt up to <0.1% of depositUses 1 market LLTV curve · capped at allocation $1,001 · drag to set this asset's drop

Oracle exposure: up to <0.1% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

+3 markets with no current position

Oracle dependencies

1 feed1 control point

Up to13%of vault drainable if these feeds are mispriced · $97,782

Each price traces to a feed and the onchain admin that can move it. Compromise either to misprice the collateral and borrow against it. Per-row amounts overlap and are not summed.

Chainlink·a 4/9 Safe multisigprices wstETH, cbXRP, WETH, cbBTC, cbETH, cbADA, rETH, cbDOGE, cbLTC, superOETHb, mBASIS0xf0db…5b1b13% of vault · $94,813drainable if it is compromised
Onchain exchange rate· no external feed or adminprices yoUSD<1% of vault · $2,969mispriceable only via the issuing contract


Full-deposit & protocol-level(2)
	100%	Full deposit	Instant
	2%	up to 87%	Instant
Price-driven collateral stress(1)
	2%	up to 87%	Instant
Oracle & liquidation failures(6)
	2%	up to 87%	Instant
	2%	up to 87%	Instant
	—	up to 13%	Instant
	2%	up to 8%	Instant
	<1%	up to 4%	Instant
	<1%	up to 4%	Instant
Vault role & allocator(4)
	—	Full deposit	3 days
	—	Full deposit	Instant
	—	up to 50%	3 days
	—	0%	Instant

Trust and control

The people and processes that can change this protocol under you.

Track record · no pool-level losses recorded · 5 protocol incidents · 36 audits

Vault operators

The roles that can actually move your deposit — the real principal-loss path.

Reaches deposit, no delayReaches deposit, timelockedCan't reach deposit

Role timelock 3 days to exit before owner/curator actions land

Curator change queued

The timelock is your window to exit before each one takes effect.

raise a market's supply cap ×3— applies now; no time to exit first

Ownersingle key (EOA)0x3098…3458

Curatorsingle key (EOA)0x7288…f0ef

Guardian2-of-4 multisig0x1bb2…8458

Audits

361 critical, 13 high findings logged

CertoraDec 15, 2025report
BlackthornDec 4, 2025report
SpearbitDec 4, 2025report
BlackthornSep 15, 2025report

+32 more audits

Governance & control

Protocol-wide governance: bounded context, not the path to your deposit.

Governance owner5-of-912 chains0xcba2…9afa

Rewards owner3-of-70xf057…b2e9

Rewards updater3-of-50x5eb9…3297

Snapshot proposer5-of-80x6abf…f6a2

Governance Contract0xcBa2…9AFa

Top-10 Voter Concentration100.0%

Quorum to Pass500,000 MORPHO· top 10 hold 2.49m

Voting TokenMORPHO0x58D9…c2B2

Dependencies that can affect your deposit

10 things this pool relies on but doesn't control. Select one for its story.

Morpho Blue

oracles

Market Specific oracle

Every Morpho Blue market chooses an immutable oracle contract at creation; implementations can be Chainlink-like, exchange-rate, fixed-price, or custom. Failure modes: attacker-favourable price feed (covered in market-oracle-compromise) or price() revert / staleness blocking liquidations (covered in oracle-liveness-or-malfunction).

No quantified loss scenario references this dependency directly.

Updated 1min agoSources:on-chain reads via @defillama/sdkhttps://hub.snapshot.org/graphqlhttps://api.morpho.org/graphql

Yield Clearstar USDC

Risk

Collateral and oracle exposure

What it's made of

If it breaks

What it's made of

If it breaks

What it's made of

If it breaks

What it's made of

If it breaks

What it's made of

If it breaks

What it's made of

If it breaks

What it's made of

If it breaks

What it's made of

If it breaks

Oracle dependencies

Loss scenarios

Trust and control

Vault operators

Audits

Governance & control

Dependencies that can affect your deposit

Market Specific oracle