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Sharpe FinanceDID YOU KNOWnext in 7s
There are more EVM L2s now than there are countries in the eurozone.
Morpho Blue · Aave V3 · 11 chains · scoring refreshed every 5 min
There are more EVM L2s now than there are countries in the eurozone.
CRV supply on Aave V3 (Ethereum). Read-only on Sharpe — deposits, withdrawals, and borrows execute on app.aave.com. We surface parameters, rates, and risk so you can compare this reserve against Morpho vaults on the same asset cohort.
Plain-English summary of this vault — what it does, who runs it, where the yield comes from, and what could break it. Generated from the same deterministic inputs shown elsewhere on this page; the numbers are the source, this is just the explanation.
You deposit CRV and it gets lent out to borrowers at a variable rate; you earn 0.47% APY, paid from the difference between what borrowers pay (5.94%) and what Aave's treasury takes (35% of interest). CRV is borrow-only on Ethereum, meaning you cannot use it as collateral to borrow other assets—only to earn yield. Your deposit is redeemable at the current liquidity level ($2.46M available against $2.80M supplied).
Aave governance operates this reserve in standard active mode with no freeze, pause, or isolation flags, signaling confidence in CRV as a borrow asset.
Supply APY is derived entirely from borrow demand. At 12.5% utilization and a 35% reserve factor, the rate is mechanically: 5.94% × 12.5% × (1 − 0.35) = 0.47%. Low utilization means few borrowers are drawing CRV, so the supply rate will remain thin unless demand spikes.
The reserve carries no flagged depeg or structural risks and scores 24/100 on the composite risk index. The material constraint is borrow-only status: you cannot use CRV to unlock leverage, limiting the reserve's appeal to yield-only allocators.
Good fit for passive CRV holders seeking any yield on idle tokens; avoid if you need collateral flexibility or expect meaningful rate upside.
On Aave V3, a supplier can withdraw up to the reserve's available liquidity instantly. Above that, the withdrawal must wait for borrowers to repay or new suppliers to deposit. Markets at 95%+ utilization can keep large redemptions waiting for hours to days at current rates.
Reserve parameters are set by Aave governance (BGD Labs + Aave Chan Initiative + Risk Council). Listings, caps, IRM curves, and LLTVs change through on-chain votes.
This reserve isn't usable as collateral, so LTV / Liquidation LLTV / liquidation bonus don't apply. Borrowers can take it against other collateral; suppliers earn the variable rate driven by borrow demand.
On Aave V3, supply APY = borrow APY × utilization × (1 − reserve factor). There is no curator skim; the only intermediation cost is the reserve factor, which funds the Aave treasury. No emissions slice in v1 of this integration — the headline is fully sustainable.
Aave V3 reserves carry parameter risk (LTV/LLTV adequacy vs collateral volatility), liquidity risk (high utilization slows exit), and depeg risk on the underlying. Governance can pause / freeze / adjust caps in response to incidents. Sharpe's full risk decomposition for Aave reserves rolls in v1.1.
How the composite risk score breaks down. Every number traces to an explicit input — /methodology documents each factor's formula.
Per-collateral decomposition: Sharpe-style realized σ from 30 daily log returns, blended 50/50 with the asset-taxonomy tier fallback. Phase 2 will replace the tier slot with liquidity depth, mechanism classification, and holder concentration. Methodology in /methodology.
The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.
Aave V3 prices and liquidations route through Chainlink's aggregator feed for this asset. A stale, manipulated, or wrong-side update is the protocol's largest single-point-of-failure for this reserve. Chainlink has a strong track record but the failure mode is binary.
Aave V3 has been live since March 2022 with significant TVL and continuous third-party audits. Historical incidents have been contained but the protocol surface is large (Pool / aTokens / debtTokens / IRM / Oracle / UiHelpers). Treat as bounded but non-zero tail risk.