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Ellen Capital - USDC Safe

0xae86261c403e8da7b71dcd3343ed9f1c8a972d63View on depeg monitor →

etherc4626 vault49 (medium)Needs attention

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

Low risk49/100B-High risk

Grade B-— from protocol failure events

Top 3 risk drivers

  1. Centralization20 pts(+2.40 to score)
  2. Protocol risk15 pts(+2.25 to score)
  3. Asset25 pts(+1.25 to score)

Share price: $1.0517

Score history (30d, 74 snapshots)+29 pts since 2026-05-22
2049050100

Alert History

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⚠ List with caution

Moderate risk — recommend disclosing risk tier to users.

Withdrawal risk: Some liquidity pressure

87% utilization — withdrawals may be slow or partially queued.

What's in this vault

Deposits

USDC

LST / LRT collateral— 1.4% of TVL

wstETH

LST/LRT collateral carries redemption lag — under correlated sell pressure, exit queues can stretch hours to days.

What this vault is exposed to

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

AA_FalconXUSDC
40.0%
$127K77% LTV
LBTC
36.0%
$115K86% LTV
cbBTC
15.2%
$48K86% LTV
WBTC
7.3%
$23K86% LTV
wstETH
1.4%
$4K86% LTV
tBTC
0.2%
$56377% LTV
weETH
0.0%
$0
PT-srUSDe-15JAN2026
0.0%
$192% LTV
PT-cUSD-29JAN2026
0.0%
$0
sUSDe
0.0%
$192% LTVCALM
ETH+
0.0%
$0

Source: Morpho markets

Rating breakdown

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

Webacy deployer45
liquidation_proximity45
Webacy code30
looping30
Asset25
Centralization20
oracle20
Protocol risk15
utilization15
Webacy contract0.6

Score 9 (LOW). Primary drivers: centralized governance, external protocol risk.

Risk flags

EOA ownerliquidation_proximity_riskLST redemption lagmetamorpho_fork_donation_riskPending admin changeshared_market_riskfrozen_operator

Recursive lending & looping

Loop exposure

40.0%

Looping TVL

$127K

Morpho looping markets

AA_FalconXUSDC → USDC
LLTV 77%$127K↗ 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