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Alpha USDC Enhanced V2

0x951a9f4a2ce19b9dea6b37e691d076a345b6c0f8View on depeg monitor →

etherc4626 vault51.6 (high)Needs attention⚠ Exit Recommended

Last scored: 7/25/2026, 10:31:57 AM

⚠
Exit Recommended
USDC is currently trading at $0.5187 — 48.1% below its $1.00 USD peg. Consider exiting or reducing exposure.
Low risk51.6/100High risk

Top 3 risk drivers

  1. looping90 pts(+3.60 to score)
  2. Centralization20 pts(+2.40 to score)
  3. Protocol risk15 pts(+2.25 to score)

Share price: $0.5187(below peg — drives Depeg flag)

Score history (30d, 90 snapshots)+12 pts since 2026-04-27
4052050100

Alert History

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⚠ List with caution

Moderate risk — recommend disclosing risk tier to users.

Withdrawal risk: Some liquidity pressure

89% utilization — withdrawals may be slow or partially queued.

What's in this vault

Deposits

USDC

What this vault is exposed to

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

wbravUSDC
100.0%
$608K86% LTV
muBOND
0.0%
$0
PT-savUSD-14MAY2026
0.0%
$0
savUSD
0.0%
$0

Source: Morpho markets

Rating breakdown

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

looping90
market_concentration80
Webacy deployer45
Asset25
utilization23.174999999999997
Centralization20
oracle20
Protocol risk15
exit_liquidity9.1

Score 52 (HIGH). Primary drivers: recursive leverage, centralized governance, external protocol risk.

Risk flags

High loopingmetamorpho_fork_donation_risknav_lossnav_loss_severeself_collateralized_drain

Recursive lending & looping

Loop exposure

100.0%

Looping TVL

$608K

Morpho looping markets

wbravUSDC → USDC
LLTV 86%$608K↗ Morpho

Funding regime

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