Hyperithm USDC Apex
47% of this vault sits in exotic / elevated-risk collateral, yet it earns 3.63% on USDC versus 4.27% for a plain USDC vault (-64 bps). You're not being paid for the extra risk.
Hyperithm USDC Apex vault maximizes yield by swiftly integrating unique collaterals providing borrowers with high-return opportunities through active optimization while ensuring effective risk management.
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.
Weighted LLTV across markets is 90.6%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.
Cap-weighted utilization is 87.5%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.