Saturn USDC

0xabe418cc8c06d265e4eb009c02ea4b265eca7240View on depeg monitor →

etherc4626 vault60 (high)Needs attention

Last scored: 9/8/2026, 10:20:13 AM

Low risk60/100CHigh risk

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

Top 3 risk drivers

Centralization40 pts(+4.80 to score)
exit_liquidity75.9 pts(+4.55 to score)
utilization90.6 pts(+3.62 to score)

Share price: $1.0128

Score history (30d, 82 snapshots)+51 pts since 2026-06-12

Alert History

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⚠ Review required

Elevated risk score — manual review recommended before listing.

Withdrawal risk: High utilization

99% 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.

sUSDat

51.8%

$474K92% LTV

PT-USDat-14JAN2027

48.2%

$441K92% LTV

PT-USDat-27AUG2026

0.0%

PT-sUSDat-27AUG2026

0.0%

PT-srUSDat-14JAN2027

0.0%

$192% LTV

PT-srUSDat-27AUG2026

0.0%

PT-sUSDat-14JAN2027

0.0%

Source: Morpho markets

Rating breakdown

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

utilization90.61000000000001

liquidation_proximity90

exit_liquidity75.9

Centralization40

oracle40

Asset25

Protocol risk15

market_concentration15

Score 60 (HIGH). Primary drivers: centralized governance, exit liquidity, high utilization.

Risk flags

2 audits on record

functionally_illiquidHigh utilisationliquidation_proximity_risklow_exit_liquiditymetamorpho_fork_donation_riskpt_yield_liquidation_exposure

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.