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Clearstar Core ETH

Risk reportBase0xbca4…71da

Risk

Depositing into Clearstar Core ETH 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?
42%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 23% of deposit

Driven by cbETH −30% 22% · wstETH −30% <1% · cbBTC −30% <1% · other <1% · −100% 90% modeled all-to-zero bad-debt ceiling

cbETHcbETHHybrid85%of vault · bad debt · $5.34mOracle exposure 9%

What it's made of

cbETH token page
Hybrid· Chainlink(aggregator)

cbETH is priced from an exchange-rate/NAV leg (cbETH-ETH Exchange Rate) — no market-rate feed, so it tracks redemption value, not market price.

BasecbETH-ETH Exchange RateExchange rateChainlink
Markets this collateral backs · 1
  • → WETH95% LLTV0xb038…d9e6Chainlink
Aggregate Collateral Trust (ACT):$23.13m44 vaultsToken:0x2ae3…ec22Allocation: 94% of the vault · $5.94m

If it breaks

−30% default
At −30%:est. bad debt up to 22% of depositUses 1 market LLTV curve · capped at allocation $5.94m · drag to set this asset's drop
Oracle exposure: up to 9% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
wstETHwstETHHybrid2%of vault · bad debt · $126,570Oracle exposure 0.2%

What it's made of

wstETH token page
Hybrid· Chainlink(aggregator)

wstETH is priced from an exchange-rate/NAV leg (wstETH-stETH Exchange Rate) — no market-rate feed, so it tracks redemption value, not market price.

BasewstETH-stETH Exchange RateExchange rateChainlink
Markets this collateral backs · 2
  • → WETH95% LLTV0x4a11…ca65Chainlink
  • → WETH97% LLTV0xae10…a7a4Chainlink
Aggregate Collateral Trust (ACT):$31.33m34 vaultsToken:0xc1cb…e452Allocation: 2% of the vault · $140,766

If it breaks

−30% default
At −30%:est. bad debt up to 0.5% of depositUses 2 market LLTV curves · capped at allocation $140,766 · drag to set this asset's drop
Oracle exposure: up to 0.2% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
cbBTCcbBTCMarket2%of vault · bad debt · $109,624Oracle exposure 0.2%

What it's made of

cbBTC token page
Market· Chainlink(aggregator)

Priced off live market data — a depeg moves the price and can liquidate positions.

Markets this collateral backs · 1
  • → WETH92% LLTV0x10b9…320eChainlink
Aggregate Collateral Trust (ACT):$247.48m53 vaultsToken:0xcbb7…33bfAllocation: 2% of the vault · $121,771

If it breaks

−30% default
At −30%:est. bad debt up to 0.4% of depositUses 1 market LLTV curve · capped at allocation $121,771 · drag to set this asset's drop
Oracle exposure: up to 0.2% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
yoETHyoETHAUM / rate1%of vault · bad debt · $65,746Oracle exposure 0.1%

What it's made of

yoETH token page
AUM / rate(exchange-rate)

Priced off an exchange rate / AUM — insulated from spot depegs, but exposed to rate-provider corruption.

Markets this collateral backs · 1
  • → WETH92% LLTV0xbf99…1dbc
Aggregate Collateral Trust (ACT):$27,8363 vaultsToken:0x3a43…9de7Allocation: 1% of the vault · $74,014

If it breaks

−30% default
At −30%:est. bad debt up to 0.2% of depositUses 1 market LLTV curve · capped at allocation $74,014 · 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
wsuperOETHbwsuperOETHbHybrid0.5%of vault · bad debt · $31,603Oracle exposure 0.1%

What it's made of

wsuperOETHb token page
Hybrid(exchange-rate)

wsuperOETHb 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
  • → WETH92% LLTV0x28c9…cf93
Aggregate Collateral Trust (ACT):$314,8997 vaultsToken:0x7fcd…8ea6Allocation: 0.6% of the vault · $35,514

If it breaks

−30% default
At −30%:est. bad debt up to 0.1% of depositUses 1 market LLTV curve · capped at allocation $35,514 · 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

+1 market with no current position

Oracle dependencies

1 feed1 control point

Up to10%of vault drainable if these feeds are mispriced · $636,446

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, cbBTC, cbETH, rETH0xf0db…5b1b10% of vault · $624,268drainable if it is compromised
  • Onchain exchange rate· no external feed or adminprices yoETH, wsuperOETHb<1% of vault · $12,178mispriceable only via the issuing contract
Updated 37min agoSources:on-chain reads via @defillama/sdkhttps://hub.snapshot.org/graphqlhttps://api.morpho.org/graphql