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Alpha USDC Asia V2

0x35cbe8542e70fa2f7f9cdf129f19e593f4b4f560View on depeg monitor →

etherc4626 vault100 (critical)Needs attention⚠ Exit Recommended

Last scored: 7/24/2026, 4:32:26 AM

⚠
Exit Recommended
USDC is currently trading at $1.0276 — -2.8% below its $1.00 USD peg. Consider exiting or reducing exposure.
Low risk100/100High risk

Top 3 risk drivers

  1. exit_liquidity100 pts(+6.00 to score)
  2. Asset98 pts(+4.90 to score)
  3. Depeg95 pts(+4.75 to score)

Share price: $1.0276

Score history (30d, 90 snapshots)+85 pts since 2026-04-26
15100050100

Alert History

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✕ Do not list

Critical risk score or blocking flags (redemptions closed, dormant, unverified).

Withdrawal risk: High utilization

100% of the market is borrowed. Partial exits are available; full exit requires waiting for borrowers to repay.

What's in this vault

Deposits

USDC

What this vault is exposed to

You deposit USDC. Here's what backs your position.

AZND
150.0%
$11.0M86% LTVDANGER
muBOND
0.0%
$0

Source: Morpho markets

Rating breakdown

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

exit_liquidity100
Asset98
utilization97
Depeg95
liquidation_proximity90
market_concentration80
Webacy deployer45
Centralization20
oracle20
Protocol risk15

Score 100 (CRITICAL). Primary drivers: exit liquidity, risky collateral, active depeg signal.

Risk flags

collateral_impairedDepegHigh utilisationliquidation_proximity_risklow_exit_liquiditymetamorpho_fork_donation_riskself_collateralized_drainunderlying_depeg_criticalunderlying_depegging

Recursive lending & looping

Loop exposure

0.0%

Funding regime

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