Morpho eUSD

deposits closed

eUSD·Base·curated by RE7 Labs

APY1.76%-2.58% vs 30d

TVL$255.37K

Risk score39/ 100

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

What this vault actually does

The Re7 eUSD vault supplies eUSD to various collateral markets with a focus on the Reserve Protocol ecosystem.

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.

Cap-weighted utilization is 89.8%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

Weighted LLTV across markets is 86.0%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.

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