EUR / lending deposit

mwEURC · issued by Moonwell / Morpho (MetaMorpho vault); curated by B.Protocol and Block Analitica. verified

The terms

Issuer

Moonwell / Morpho (MetaMorpho vault); curated by B.Protocol and Block Analitica

Jurisdiction

None (permissionless smart contract)

Chains

Base

Contracts

Base 0xf24608E0CCb972b0b0f4A6446a0BBf58c701a026 explorer

Yield basis

Not obtainable. Yield is borrower interest from the Morpho Blue markets the curator allocates to, accruing continuously per block and auto-compounding into the share price, plus any Morpho DAO incentives distributed per epoch. Morpho's and Moonwell's front ends render live APY client-side and I could not read the number.

Size

$1.09M source

Minimum

None.

Who may hold it

Permissionless. No KYC. Any wallet may deposit EURC. Note that EURC itself is issued by Circle and is subject to Circle's blacklist powers. source

Redemption

Withdraw EURC from the vault at any time, subject to available liquidity in the underlying Morpho Blue markets. If utilisation in an allocated market is at or near 100%, withdrawals queue until borrowers repay or new supply arrives, there is no guaranteed instant exit. source

Cost to enter

Gas on Base (trivial) plus the cost of acquiring EURC. Curator performance fee applies but I did not confirm the rate.

Transferability

Freely transferable. No allowlist at the token level.

Secondary liquidity

The vault share token mwEURC has essentially no secondary market, CoinGecko shows $0.00 24h volume and $1.00 liquidity. Exit is via vault redemption, not by selling the share token.

What we think you should know

Sources

• https://basescan.org/token/0xf24608E0CCb972b0b0f4A6446a0BBf58c701a026
• https://app.morpho.org/base/vault/0xf24608E0CCb972b0b0f4A6446a0BBf58c701a026/moonwell-flagship-eurc
• https://www.coingecko.com/en/coins/moonwell-flagship-eurc-morpho-vault
• https://docs.moonwell.fi/moonwell/moonwell-overview/vaults

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