Hadjime USDC Prime

0x018f8f5f52aaff23ff838ae4637afe22713fb428View on depeg monitor →

etherc4626 vault53.8 (high)Needs attention

Last scored: 8/26/2026, 10:06:28 AM

Low risk53.8/100CHigh risk

Grade C— 20–40% estimated capital-at-riskfrom protocol failure events

Top 3 risk drivers

Centralization60 pts(+7.20 to score)
Protocol risk15 pts(+2.25 to score)
Asset25 pts(+1.25 to score)

Share price: $1.0506

Score history (30d, 69 snapshots)-13 pts since 2026-05-22

Alert History

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⚠ List with caution

Moderate risk — recommend disclosing risk tier to users.

Withdrawal risk: Some liquidity pressure

88% utilization — withdrawals may be slow or partially queued.

What this vault is exposed to

AA_FalconXUSDC

40.1%

$163K77% LTV

cbBTC

32.2%

$131K86% LTV

LBTC

23.4%

$95K86% LTV

tBTC

4.2%

$17K77% LTV

sUSDe

0.1%

$20592% LTVCALM

wstETH

0.0%

WBTC

0.0%

PT-srUSDe-15JAN2026

0.0%

PT-stcUSD-29JAN2026

0.0%

ETH+

0.0%

stcUSD

0.0%

$0WATCH

PT-cUSD-29JAN2026

0.0%

Source: Morpho markets

Rating breakdown

Sub-scores sorted by contribution. Each bar is relative to the top contributor.

Centralization60

liquidation_proximity45

looping30.1

Webacy code30

Asset25

oracle20

Protocol risk15

utilization15

market_concentration15

Score 14 (LOW). Primary drivers: centralized governance, external protocol risk.

Risk flags

liquidation_proximity_riskshared_market_riskfrozen_operator

Recursive lending & looping

Loop exposure

40.1%

Looping TVL

$163K

Morpho looping markets

AA_FalconXUSDC → USDC

LLTV 77%$163K↗ Morpho

Funding regime

Perp funding rate data (healthy vs compressed/inverted) will indicate when vault yield is from stable vs stressed conditions. Coming soon.

Webacy code analysis (1 finding)

Security findings from static analysis. Critical issues (reentrancy, unchecked calls, etc.) may require attention.

delegatecall loop

5664becc
20e507be
77b82368
+2 more