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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 · $6.65mOracle exposure 10%

What it's made of

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):$18.19m43 vaultsToken:0x2ae3…ec22Allocation: 95% of the vault · $7.4m

If it breaks

−30% default
At −30%:est. bad debt up to 22% of depositUses 1 market LLTV curve · capped at allocation $7.4m · drag to set this asset's drop
Oracle exposure: up to 10% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
wstETHwstETHHybrid2%of vault · bad debt · $134,190Oracle exposure 0.3%

What it's made of

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):$31.4m34 vaultsToken:0xc1cb…e452Allocation: 2% of the vault · $154,416

If it breaks

−30% default
At −30%:est. bad debt up to 0.4% of depositUses 2 market LLTV curves · capped at allocation $154,416 · drag to set this asset's drop
Oracle exposure: up to 0.3% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
cbBTCcbBTCMarket2%of vault · bad debt · $120,110Oracle exposure 0.2%

What it's made of

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):$196.61m51 vaultsToken:0xcbb7…33bfAllocation: 2% of the vault · $133,576

If it breaks

−30% default
At −30%:est. bad debt up to 0.4% of depositUses 1 market LLTV curve · capped at allocation $133,576 · 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 / rate0.9%of vault · bad debt · $70,833Oracle exposure 0.1%

What it's made of

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):$35,9683 vaultsToken:0x3a43…9de7Allocation: 1% of the vault · $81,159

If it breaks

−30% default
At −30%:est. bad debt up to 0.2% of depositUses 1 market LLTV curve · capped at allocation $81,159 · 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
wsuperOETHbwsuperOETHbHybrid0.4%of vault · bad debt · $31,364Oracle exposure 0.1%

What it's made of

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):$374,9467 vaultsToken:0x7fcd…8ea6Allocation: 0.5% of the vault · $38,951

If it breaks

−30% default
At −30%:est. bad debt up to 0.1% of depositUses 1 market LLTV curve · capped at allocation $38,951 · 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 feed · 1 control point

Up to10%of vault drainable if these feeds are mispriced · $800,896

Each price traces to a feed and the on-chain 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 · $782,983drainable if it is compromised
  • On-chain exchange rate· no external feed or adminprices yoETH, wsuperOETHb<1% of vault · $17,913mispriceable only via the issuing contract
Updated Sep 29, 2026Sources:on-chain reads via @defillama/sdkhttps://hub.snapshot.org/graphqlhttps://api.morpho.org/graphql