Re Ecosystem USDC

USDC·Ethereum·curated by Clearstar

APY5.35%-0.72% vs 30d

TVL$1

Risk score25/ 100

Paid for the risk

100% of this vault is in higher-risk collateral, earning +135 bps over a plain USDC vault.

Plain English explanationWritten by Sharpe Finance research · model card · last update 2026-05-12

What this vault actually does

Clearstar USDC vault on Ethereum, allocating across 4 Morpho Blue markets.

What breaks this vault

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 91.5%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.

Cap-weighted utilization is 90.4%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

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