Clearstar Accountable AUSD
Risk reportMonad0xbe3e…e9a1
Risk
Depositing into Clearstar Accountable AUSD 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.
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.
Driven by vUSD −30% 20% · YZM −30% 3% · naccUSDC −30% <1% · −100% 90% modeled all-to-zero bad-debt ceiling
vUSDAUM / rate77%of vault · bad debt · $1.41mOracle exposure 9%85%of vault · $1.57m77%of vault · $1.41m9%separate path
vUSDAUM / rate77%of vault · bad debt · $1.41mOracle exposure 9%What it's made of
Priced off an exchange rate / AUM — insulated from spot depegs, but exposed to rate-provider corruption.
- → AUSD95% LLTV0xf07e…75c0
If it breaks
−30% defaultYZMHybrid12%of vault · bad debt · $216,603.11Oracle exposure 2%14%of vault · $247,659.6112%of vault · $216,603.112%separate path
YZMHybrid12%of vault · bad debt · $216,603.11Oracle exposure 2%What it's made of
Mixes market and exchange-rate inputs — partial depeg insulation, partial market exposure.
- → AUSD92% LLTV0xd062…3584
If it breaks
−30% defaultnaccUSDCAUM / rate0.8%of vault · bad debt · $15,118.72Oracle exposure 0.2%1%of vault · $19,117.840.8%of vault · $15,118.720.2%separate path
naccUSDCAUM / rate0.8%of vault · bad debt · $15,118.72Oracle exposure 0.2%What it's made of
Priced off an exchange rate / AUM — insulated from spot depegs, but exposed to rate-provider corruption.
- → AUSD86% LLTV0xe3ee…5ea3
If it breaks
−30% defaultOracle dependencies
Up to10%of vault drainable if these feeds are mispriced · $191,915.91
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.
- On-chain exchange rate· no external feed or adminprices vUSD, YZM, naccUSDC10% of vault · $191,915.91mispriceable only via the issuing contract
Loss scenarios
Each row is a distinct failure, and every loss is a share of your deposit — the same percentage whatever you deposited. Loss is that share at a −30% collateral crash, the standard stress; Worst case is the ceiling if everything goes wrong, a conditional loss if it happens rather than a likelihood. Open a row for the loss at every crash depth, the dollar amounts, conditions, and the math.
| Full-deposit & protocol-level(2) | ||||
| 100% | Full deposit | Instant | ||
| 23% | up to 90% | Instant | ||
| Price-driven collateral stress(1) | ||||
| 23% | up to 90% | Instant | ||
| Oracle & liquidation failures(4) | ||||
| 23% | up to 90% | Instant | ||
| 23% | up to 90% | Instant | ||
| 3% | up to 12% | Instant | ||
| — | up to 10% | Instant | ||
| Vault role & allocator(3) | ||||
| — | up to 93% | 3 days | ||
| — | up to 93% | Instant | ||
| — | up to 50% | 3 days | ||
Trust and control
The people and processes that can change this protocol under you.
Vault operators
The roles that can actually move your deposit — the real principal-loss path.
Role timelock 3 days to exit before owner/curator actions land
Allocators3 · 3 multisigsReaches deposit · instant
Moves funds between markets the curator has ALREADY approved — instantly, with NO timelock and no exit window. Cannot reach a brand-new market, but can concentrate you into an approved-but-stressed market or order withdrawals so you hit weak liquidity first.
- 2-of-3 multisig0x0e0c…407d
- 1-of-4 multisig0x40dd…b48f
- 2-of-4 multisig0xb3cf…2b44
Audits
- Certora· Dec 15, 2025report
- Blackthorn· Dec 4, 2025report
- Spearbit· Dec 4, 2025report
- Blackthorn· Sep 15, 2025report
Governance & control
Protocol-wide governance: bounded context, not the path to your deposit.
MORPHO0x58D9…c2B2Dependencies that can affect your deposit
6 things this pool relies on but doesn't control. Select one for its story.
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.