Yearn OG USDC

Risk reportBase0xef41…5d03

Risk

Depositing into Yearn OG 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)

$586,617realistic worst · −50% collateral crashup to $2.02mSmart-contract bug · extreme only

−10%−30%−50%extreme

Left to right, a deeper collateral crash. Hover any point for the scenarios that drive the loss — only a smart-contract bug reaches a total loss.

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 15 Dec, 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 dropvault-wide · no liquidations · stress estimate

−30%est. bad debt up to $182,914

tap a preset or drag

Driven by cbBTC $170,814 · WETH $8,637 · cbXRP $2,995 · other $468.24 · −100% $1.85m modeled all-to-zero bad-debt ceiling

CollateralAllocationMarket ExposureOracle Exposure

cbBTCMarketChainlink$918,12545% of vault · bad debtOracle exposure $99,528

$1.02m50% of vault$918,12545% of vault$99,528separate path

What it's made of

Market· Chainlink(aggregator)

cbBTC is priced via BTC / USD — market-rate feed (Chainlink).

BaseBTC / USDMarketChainlink

Markets this collateral backs · 1

→ USDC86% LLTV0x663b…39b9Chainlink

Room to grow: $1.02m of $23.13m cap (4% used)Aggregate Collateral Trust (ACT):$190.06m73 vaultsToken:0xcbb7…33bfAllocation: $1.02m · 50% of the vault

If it breaks

vault −30%

At −30%:est. bad debt up to $170,814Uses 1 market LLTV curve · capped at allocation $1.02m · inherits vault-wide stress

Oracle exposure: up to $99,528 drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

cbXRPMarketChainlink$642,18932% of vault · bad debtOracle exposure $74,334

$716,52335% of vault$642,18932% of vault$74,334separate path

What it's made of

Market· Chainlink(aggregator)

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

BaseXRP / USDMarketChainlink

Markets this collateral backs · 2

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

Room to grow: $716,523 of $5.5m cap (13% used)Aggregate Collateral Trust (ACT):$4.48m12 vaultsToken:0xcb58…a4afAllocation: $716,523 · 35% of the vault

If it breaks

vault −30%

At −30%:est. bad debt up to $2,995Uses 2 market LLTV curves · capped at allocation $716,523 · inherits vault-wide stress

Oracle exposure: up to $74,334 drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

cbDOGEMarketChainlink$177,1809% of vault · bad debtOracle exposure $18,881

$196,06110% of vault$177,1809% of vault$18,881separate path

What it's made of

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: $196,061 of $999,841 cap (20% used)Aggregate Collateral Trust (ACT):$274,2748 vaultsToken:0xcbd0…b510Allocation: $196,061 · 10% of the vault

If it breaks

vault −30%

At −30%:no modeled bad debtUses 1 market LLTV curve · capped at allocation $196,061 · inherits vault-wide stress

Oracle exposure: up to $18,881 drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

cbLTCMarketChainlink$61,0553% of vault · bad debtOracle exposure $3,516

$64,5703% of vault$61,0553% of vault$3,516separate path

What it's made of

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: $64,570 of $999,841 cap (6% used)Aggregate Collateral Trust (ACT):$94,6708 vaultsToken:0xcb17…445fAllocation: $64,570 · 3% of the vault

If it breaks

vault −30%

At −30%:no modeled bad debtUses 1 market LLTV curve · capped at allocation $64,570 · inherits vault-wide stress

Oracle exposure: up to $3,516 drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

WETHMarketChainlink$46,4222% of vault · bad debtOracle exposure $5,044

$51,4663% of vault$46,4222% of vault$5,044separate path

What it's made of

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

→ USDC86% LLTV0xfea2…afe4Chainlink

Room to grow: $51,466 of $111.9m cap (<1% used)Aggregate Collateral Trust (ACT):$67.47m53 vaultsToken:0x4200…0006Allocation: $51,466 · 3% of the vault

If it breaks

vault −30%

At −30%:est. bad debt up to $8,637Uses 1 market LLTV curve · capped at allocation $51,466 · inherits vault-wide stress

Oracle exposure: up to $5,044 drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

YFIMarketChainlink$5,1510.3% of vault · bad debtOracle exposure $1,035

$6,1860.3% of vault$5,1510.3% of vault$1,035separate path

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

→ USDC77% LLTV0x61c5…3198Chainlink

Room to grow: $6,186 of $199,968 cap (3% used)Aggregate Collateral Trust (ACT):$3,5513 vaultsToken:0x9eaf…b239Allocation: $6,186 · 0.3% of the vault

If it breaks

vault −30%

At −30%:est. bad debt up to $468.24Uses 1 market LLTV curve · capped at allocation $6,186 · inherits vault-wide stress

Oracle exposure: up to $1,035 drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

+4 markets with no current position

Oracle dependencies

1 feed · 1 control point

Up to$202,337drainable if these feeds are mispriced · 10% of vault

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 / RedStone·a 4/9 Safe multisigprices cbXRP, WETH, weETH, cbBTC, cbETH, cbLTC, cbDOGE, superOETHb, LBTC, YFI0xf0db…5b1b$202,337 · 10% of vaultdrainable if it is compromised

Loss scenarios

Each row is a distinct failure. Possible loss is the share of your deposit at the selected collateral drop; Worst case is the ceiling if everything goes wrong — a conditional loss if it happens, not a likelihood. Price-scaling rows move with the drop selector; the rest are fixed. Enter a deposit to see the dollar figures as your own. Open a row for conditions, mitigations, and the math.

12 scenarios · 10 with no time to exit

Collateral drop


Full-deposit & protocol-level(2)
	100%	$2.02m	Full deposit	Instant
	9%	$182,914	up to $1.85m	Instant
Price-driven collateral stress(1)
	9%	$182,914	up to $1.85m	Instant
Oracle & liquidation failures(5)
	9%	$182,914	up to $1.85m	Instant
	9%	$182,914	up to $1.85m	Instant
	9%	$182,914	up to $1m	Instant
	—	—	up to $202,337	Instant
	0%	$0	$0	Instant
Vault role & allocator(4)
	—	—	Full deposit	3 days
	—	—	Full deposit	Instant
	—	—	up to $1.01m	3 days
	—	—	up to $118,536	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

Owner4-of-7 multisig0xfeae…e36f

Curator2-of-3 multisig0x90d0…6b51

Guardian3-of-5 multisig0xbfaa…b02e

Allocators4 · 2 contracts · 2 EOAsReaches 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.

contract0xffb8…0862
contract0xa090…0467
single key (EOA)0x75a1…780d
single key (EOA)0x50b7…a8fa

Audits

361 critical, 13 high findings logged

Certora· 15 Dec, 2025report
Blackthorn· 4 Dec, 2025report
Spearbit· 4 Dec, 2025report
Blackthorn· 15 Sep, 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 proposer3-of-80x6abf…f6a2

Governance contract0xcBa2…9AFa

Top-10 voter concentration100.0%

Quorum to pass500,000 MORPHO· top 10 hold 254,036

Voting token

MORPHO0x58D9…c2B2

Dependencies that can affect your deposit

11 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 20 Jul, 2026Sources:on-chain reads via @defillama/sdkhttps://hub.snapshot.org/graphqlhttps://api.morpho.org/graphql