SharpByte USDC
Asset Class: Fixed Income & Credit
USDC loans secured by tokenised private credit on Pharos (APC3M and vrpcW), through isolated Morpho markets on Oku at 86% LLTV. Lenders earn the interest borrowers pay; collateral is priced at NAV and liquidated if a loan exceeds 86% of its value.
- Asset Class
- Fixed Income & Credit
- Minimum Investment
- 0 USD
- Fees
- 15% performance fee on interest earned, 0% management fee.
- No deposit or withdrawal fees.
- Merkl incentives go to depositors with no curator fee taken.
- Asset Manager
- SharpByte Labs
- Asset Issuer
- SharpByte Labs, via Morpho Vault V2 on Oku (Pharos)
- Liquidity
- On-demand
- KYB Requirements
- Permissionless
- Geographic Restrictions
- US
- Risk Profile
- Conservative
- Investor Profile
- USDC holders seeking stablecoin yield from overcollateralised lending against tokenised private credit, who accept collateral credit risk and variable rates.
- Investment Strategy
- Supplies USDC to isolated Morpho markets lending against tokenised private credit. SharpByte Labs sets caps and allocations to keep utilisation high while holding liquidity for withdrawals.
- Top Holdings
- APC3M USDC 46.6%
- Idle USDC 53.4%