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Alpha USDC Enhanced V2

0x951a9f4a2ce19b9dea6b37e691d076a345b6c0f8View on depeg monitor →

etherc4626 vault79.4 (critical)Needs attention

Last scored: 6/10/2026, 3:59:51 AM

Low risk79.4/100High risk

Top 3 risk drivers

  1. Depeg90 pts(+4.50 to score)
  2. Centralization20 pts(+2.40 to score)
  3. Protocol risk15 pts(+2.25 to score)

Share price: $0.5139(below peg — drives Depeg flag)

Score history (30d, 70 snapshots)+16 pts since 2026-04-02
6379050100

Alert History

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✕ Do not list

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

Withdrawal risk: Some liquidity pressure

87% 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.

savUSD
77.1%
$2.8M92% LTV
wbravUSDC
22.9%
$838K86% LTV
muBOND
0.0%
$086% LTV
PT-savUSD-14MAY2026
0.0%
$0

Source: Morpho markets

Rating breakdown

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

Depeg90
liquidation_proximity85
Webacy deployer45
market_concentration30
Asset25
large_redemption25
Centralization20
oracle20
utilization17.249999999999986
looping17.2
Protocol risk15

Score 76 (CRITICAL). Primary drivers: active depeg signal, centralized governance, external protocol risk.

Risk flags

DepegLarge redemption detectedliquidation_proximity_riskmetamorpho_fork_donation_risk

Recursive lending & looping

Loop exposure

22.9%

Looping TVL

$838K

Morpho looping markets

wbravUSDC → USDC
LLTV 86%$838K↗ Morpho

⚠ Large redemption detected

Last 24h window

Events

2

Total redeemed

$184,137

Largest (% TVL)

3.7%

Triggering wallets

0x01d2cc27ddc08969be4df3b4173888ec0ec4ebfc0x3de60ca8e5fae34aa7a1ba205a40888f27c8ed71

A single wallet redeemed more than $500K or 1% of TVL. This may indicate an informed exit — monitor closely.

Funding regime

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