From 0f2799da8483c51dc3bd33ff0557e68aacd8cc62 Mon Sep 17 00:00:00 2001 From: Matej Falat Date: Wed, 5 Aug 2026 18:51:44 +0200 Subject: [PATCH 1/4] Add Kabu vault on Base and document market LLTVs and supply caps --- docs/curation/index.md | 71 +++++++++++++++++++++++++++++++++++++++--- 1 file changed, 66 insertions(+), 5 deletions(-) diff --git a/docs/curation/index.md b/docs/curation/index.md index 9a419a96..4a3ab44f 100644 --- a/docs/curation/index.md +++ b/docs/curation/index.md @@ -43,30 +43,60 @@ The OEV captured during volatile periods more than compensates, providing Api3 w ## Vaults -Api3 operates multiple vaults across Ethereum mainnet and the Robinhood chain. +Api3 operates multiple vaults across Ethereum mainnet, Base, and the Robinhood chain. All vaults share the same [role structure](/curation/roles-and-operations) and [risk framework](/curation/risk-management). | Vault | Network | Asset | Strategy | Collateral | | ------------------------------ | --------- | ----- | ---------------------------------- | -------------------------------------------- | | [Api3 Core](#api3-core) | Ethereum | USDC | Conservative, blue-chip collateral | wstETH, cbBTC, kBTC | | [Kabu](#kabu) | Ethereum | USDC | Mid-cap governance tokens | COMP, MORPHO, EIGEN, SYRUP, FLUID, ONDO, BAL | +| [Kabu](#kabu) | Base | WETH | Mid-cap governance tokens | AERO, VIRTUAL, MORPHO, VVV | | [Api3 dCOMP](#api3-dcomp) | Ethereum | USDC | Dedicated dCOMP collateral market | dCOMP | | [Purinta](#purinta) | Ethereum | USDC | Meme token collateral markets | PEPE, SPX6900, SHIB | | [Purinta](#purinta) | Robinhood | USDG | Meme token collateral markets | CASHCAT | +Each vault section below lists the markets it supplies, with the liquidation loan-to-value (LLTV) ratio and supply cap configured for each. +An LLTV is fixed for the lifetime of a Morpho market, while [supply caps](/curation/risk-management#supply-caps) are reviewed and adjusted as conditions evolve — follow the market links for current values. + ### Api3 Core Api3 Core is Api3's flagship conservative vault. -It supplies USDC to lending markets backed by blue-chip collateral assets — wstETH (Lido wrapped staked ETH), cbBTC (Coinbase wrapped BTC), and kBTC (Kraken wrapped BTC). -These are high-liquidity, battle-tested assets with deep on-chain liquidity and well-established oracle infrastructure. +It supplies USDC to lending markets backed by blue-chip collateral — high-liquidity, battle-tested assets with deep on-chain liquidity and well-established oracle infrastructure. The vault targets stable, lower-risk yield from borrowing demand against these widely held collateral types. +| Market | LLTV | Supply cap | +| -------------------------------------------------------------------------------------------------------------------------- | ---- | ---------- | +| [wstETH / USDC](https://app.morpho.org/ethereum/market/0x6d2fba32b8649d92432d036c16aa80779034b7469b63abc259b17678857f31c2) | 86% | 10M USDC | +| [cbBTC / USDC](https://app.morpho.org/ethereum/market/0xba3ba077d9c838696b76e29a394ae9f0d1517a372e30fd9a0fc19c516fb4c5a7) | 86% | 10M USDC | +| [kBTC / USDC](https://app.morpho.org/ethereum/market/0x7f1224a8598b97a8455d298bd58b0f720f1b4f19a815198b8cdecc9feedada93) | 86% | 1M USDC | + ### Kabu -Kabu supplies USDC to lending markets backed by mid-cap governance and protocol tokens — COMP, MORPHO, EIGEN, SYRUP, FLUID, ONDO, and BAL. +Kabu is a pair of vaults supplying lending markets backed by mid-cap governance and protocol tokens: a USDC vault on Ethereum mainnet and a WETH vault on Base. These markets serve borrowers who wish to access liquidity against their governance token holdings without selling. Given the higher volatility and lower liquidity of these assets compared to blue-chip collateral, supply caps and risk parameters are set more conservatively on a per-market basis. +**Ethereum (USDC)** + +| Market | LLTV | Supply cap | +| -------------------------------------------------------------------------------------------------------------------------- | ----- | ---------- | +| [MORPHO / USDC](https://app.morpho.org/ethereum/market/0x6d95bf5fad1b0427205ee2b595f80b52e22394173de0832efa79fde88abb8525) | 62.5% | 2M USDC | +| [EIGEN / USDC](https://app.morpho.org/ethereum/market/0x6d1dae6238f6f296abb77d9e17a8429132458146bc89d1d2b20516b87a40dee7) | 62.5% | 1M USDC | +| [ONDO / USDC](https://app.morpho.org/ethereum/market/0x7dea3baf843210ce0a4a9e6374cea47dcd55384fb36d2d701e69b221867b39e5) | 62.5% | 1M USDC | +| [BAL / USDC](https://app.morpho.org/ethereum/market/0xf57808b9489bcbe7e7c67fd5227b0a4267a384ebb80301a097e4fa1f3fcb3234) | 62.5% | 250k USDC | +| [SYRUP / USDC](https://app.morpho.org/ethereum/market/0x38fa7d75c15a0f11cc46e2d1987a05c26a836d0da6b4430657ec5ece38a25a45) | 62.5% | 200k USDC | +| [COMP / USDC](https://app.morpho.org/ethereum/market/0x9b966d26e14749cdf3be6fcf44ef404f1428b3c2f8c9e9a5172437e440597715) | 62.5% | 100k USDC | +| [FLUID / USDC](https://app.morpho.org/ethereum/market/0xaf53761f4931911877474ab8c7ff856987207ee7ec15e8513ff9cf86939229a0) | 62.5% | 60k USDC | + +**Base (WETH)** + +| Market | LLTV | Supply cap | +| ----------------------------------------------------------------------------------------------------------------------- | ----- | ---------- | +| [AERO / WETH](https://app.morpho.org/base/market/0x17cbb67e84acfbaf2a3b73f9fe697d9503a8fd2fce30f851429726fa04bc5afe) | 77% | 350 WETH | +| [VVV / WETH](https://app.morpho.org/base/market/0xa84351c9d5be1d05f6b2d93df58ff8764ba54b70daa6c41529278ac4d1bc3c5b) | 62.5% | 110 WETH | +| [MORPHO / WETH](https://app.morpho.org/base/market/0x71511d934dddf124c73b7d7328e2ed4a7d13deeecf9ef061dad924a56b72a87f) | 77% | 80 WETH | +| [VIRTUAL / WETH](https://app.morpho.org/base/market/0x23c2ad09b57469016831bc5ff9b13a7ddfc559698b42876d3625298e6dd7ef9d) | 77% | 55 WETH | + ### Api3 dCOMP Api3 dCOMP is a vault built around a dedicated lending market collateralized by [dCOMP](https://github.com/api3dao/dcomp) — a lightweight, ownable wrapper for the COMP governance token configured with a specific delegate. @@ -75,15 +105,45 @@ While preserving the inherent voting power of the underlying COMP, this wrapper The Api3 dCOMP vault supplies the USDC borrow-side liquidity for this market, making the mechanism viable. +| Market | LLTV | Supply cap | +| ------------------------------------------------------------------------------------------------------------------------- | ----- | ---------- | +| [dCOMP / USDC](https://app.morpho.org/ethereum/market/0x24852d8d7464402ddcd717415e009d42bf7427d6a8893487f83c75ee0f4a0ea6) | 62.5% | 10M USDC | + ### Purinta Purinta is a pair of meme token lending vaults curated by Api3: a USDC vault on Ethereum mainnet and a USDG vault on the Robinhood chain. -Each supplies the borrow-side liquidity for a set of isolated meme token markets — PEPE, SPX6900 and SHIB on Ethereum, and CASHCAT on Robinhood. +Each supplies the borrow-side liquidity for a set of isolated meme token markets. Meme tokens are more volatile and higher-risk than blue-chip collateral, so a market is only listed when its token has enough on-chain liquidity to support healthy swaps and liquidations. Supply caps and LLTVs are configured conservatively to limit that exposure. +**Ethereum (USDC)** + +| Market | LLTV | Supply cap | +| --------------------------------------------------------------------------------------------------------------------------- | ----- | ---------- | +| [PEPE / USDC](https://app.morpho.org/ethereum/market/0xde2bb82278de27e7851625e2d7c25280adc6d499c000cc6904eb0ab29124a481) | 62.5% | 1M USDC | +| [SPX6900 / USDC](https://app.morpho.org/ethereum/market/0x31a277fde40c1bd37dd00cb2167fe1d5831b450efecc63323679228a101e9979) | 62.5% | 500k USDC | +| [SHIB / USDC](https://app.morpho.org/ethereum/market/0x87753839ac836a59dd13f66ea6ea5481ba2374ae76dfdfbe8c4861e835833646) | 62.5% | 80k USDC | + +**Robinhood (USDG)** + +| Market | LLTV | Supply cap | +| ---------------------------------------------------------------------------------------------------------------------------------- | ----- | ---------- | +| [CASHCAT / USDG](https://app.morpho.org/robinhood-chain/market/0x039503b6308d6d818d181e626d3fbc667d6e68393c3d74332a6124cd2dd6e755) | 38.5% | 500k USDG | + These markets are surfaced to borrowers through [Purinta app](https://purinta.xyz), a meme token lending interface. +### Idle liquidity + +Alongside its collateral markets, each vault designates one deep, blue-chip market as its **liquidity adapter**. +Deposits that the collateral markets cannot currently absorb are supplied there rather than sitting idle in the vault, so they keep earning yield (see [allocation and rebalancing](/curation/roles-and-operations#allocation-and-rebalancing)). +These markets are a yield destination for unallocated liquidity, not part of a vault's collateral strategy, so they are listed separately from the tables above. + +| Vault | Network | Market | LLTV | +| ---------------------------------------------- | --------- | ------------------------------------------------------------------------------------------------------------------------------- | ----- | +| Api3 Core, Kabu, Api3 dCOMP, Purinta | Ethereum | [wstETH / USDC](https://app.morpho.org/ethereum/market/0xb323495f7e4148be5643a4ea4a8221eef163e4bccfdedc2a6f4696baacbc86cc) | 86% | +| Kabu | Base | [wstETH / WETH](https://app.morpho.org/base/market/0x3a4048c64ba1b375330d376b1ce40e4047d03b47ab4d48af484edec9fec801ba) | 94.5% | +| Purinta | Robinhood | [USDe / USDG](https://app.morpho.org/robinhood-chain/market/0xc845da65a020ddca5f132efa8fea79676d8edfdea504226a4c01e7a9e34cddd6) | 91.5% | + ### Accessing the vaults Each of the vaults can be also accessed through the Morpho app, where Api3 operates as a [verified curator.](https://forum.morpho.org/c/vaults/api3/57) Live figures - total deposits, APY, enabled markets, and current supply caps - are shown there. @@ -92,6 +152,7 @@ Each of the vaults can be also accessed through the Morpho app, where Api3 opera | --------------- | --------- | -------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------- | | Api3 Core | Ethereum | `0xe2221Aa07ec3266DA87763E2b1e28d07A8a4e53b` | [View on Morpho](https://app.morpho.org/ethereum/vault/0xe2221Aa07ec3266DA87763E2b1e28d07A8a4e53b/api3-core-usdc) | | Kabu | Ethereum | `0x54210d3f1A066413891AF9E17210E787d5C6e3f4` | [View on Morpho](https://app.morpho.org/ethereum/vault/0x54210d3f1A066413891AF9E17210E787d5C6e3f4/kabu-usdc) | +| Kabu | Base | `0x4D72Fed1b6cE42F8Dea811F7b6685EbE4Ec04E01` | [View on Morpho](https://app.morpho.org/base/vault/0x4D72Fed1b6cE42F8Dea811F7b6685EbE4Ec04E01/kabu-weth) | | Api3 dCOMP | Ethereum | `0x36cfe1568461E499391ef0A555300F1ae2da2439` | [View on Morpho](https://app.morpho.org/ethereum/vault/0x36cfe1568461E499391ef0A555300F1ae2da2439/api3-dcomp-usdc) | | Purinta | Ethereum | `0xc92A37Fd0250F4eecF092960a2F70A1334217528` | [View on Morpho](https://app.morpho.org/ethereum/vault/0xc92A37Fd0250F4eecF092960a2F70A1334217528/purinta-usdc) | | Purinta | Robinhood | `0x37788ff0c1d4e45A7FE06BC7e71e0cc00121d0A8` | [View on Morpho](https://app.morpho.org/robinhood-chain/vault/0x37788ff0c1d4e45A7FE06BC7e71e0cc00121d0A8/purinta-usdg) | From 595ca2b7b7fe857bad305b0df08d8ff24614a312 Mon Sep 17 00:00:00 2001 From: Matej Falat Date: Thu, 6 Aug 2026 09:14:54 +0200 Subject: [PATCH 2/4] Review fixes --- docs/curation/index.md | 22 ++++++++++++++-------- 1 file changed, 14 insertions(+), 8 deletions(-) diff --git a/docs/curation/index.md b/docs/curation/index.md index 4a3ab44f..3fe871b7 100644 --- a/docs/curation/index.md +++ b/docs/curation/index.md @@ -49,19 +49,21 @@ All vaults share the same [role structure](/curation/roles-and-operations) and [ | Vault | Network | Asset | Strategy | Collateral | | ------------------------------ | --------- | ----- | ---------------------------------- | -------------------------------------------- | | [Api3 Core](#api3-core) | Ethereum | USDC | Conservative, blue-chip collateral | wstETH, cbBTC, kBTC | -| [Kabu](#kabu) | Ethereum | USDC | Mid-cap governance tokens | COMP, MORPHO, EIGEN, SYRUP, FLUID, ONDO, BAL | -| [Kabu](#kabu) | Base | WETH | Mid-cap governance tokens | AERO, VIRTUAL, MORPHO, VVV | +| [Kabu](#kabu) | Ethereum | USDC | Mid-cap governance tokens | MORPHO, EIGEN, ONDO, BAL, SYRUP, COMP, FLUID | +| [Kabu](#kabu) | Base | WETH | Mid-cap governance tokens | AERO, VVV, MORPHO, VIRTUAL | | [Api3 dCOMP](#api3-dcomp) | Ethereum | USDC | Dedicated dCOMP collateral market | dCOMP | | [Purinta](#purinta) | Ethereum | USDC | Meme token collateral markets | PEPE, SPX6900, SHIB | | [Purinta](#purinta) | Robinhood | USDG | Meme token collateral markets | CASHCAT | Each vault section below lists the markets it supplies, with the liquidation loan-to-value (LLTV) ratio and supply cap configured for each. -An LLTV is fixed for the lifetime of a Morpho market, while [supply caps](/curation/risk-management#supply-caps) are reviewed and adjusted as conditions evolve — follow the market links for current values. +An LLTV is fixed for the lifetime of a Morpho market, while [supply caps](/curation/risk-management#supply-caps) are reviewed and adjusted as conditions evolve — follow the vault links below for current values. ### Api3 Core Api3 Core is Api3's flagship conservative vault. -It supplies USDC to lending markets backed by blue-chip collateral — high-liquidity, battle-tested assets with deep on-chain liquidity and well-established oracle infrastructure. +It supplies USDC to lending markets backed by blue-chip collateral — Lido wrapped staked ETH (wstETH), and wrapped BTC issued by Coinbase (cbBTC) and Kraken (kBTC). + +These are high-liquidity, battle-tested assets with deep on-chain liquidity and well-established oracle infrastructure. The vault targets stable, lower-risk yield from borrowing demand against these widely held collateral types. | Market | LLTV | Supply cap | @@ -132,11 +134,15 @@ Meme tokens are more volatile and higher-risk than blue-chip collateral, so a ma These markets are surfaced to borrowers through [Purinta app](https://purinta.xyz), a meme token lending interface. -### Idle liquidity +### Liquidity adapter + +Alongside its collateral markets, each vault designates one deep, blue-chip market as its **liquidity adapter**, which serves two purposes. + +It is the route deposits and withdrawals take: every deposit is allocated into that market as it arrives, and withdrawals are deallocated back out of it. + +It also holds whatever the collateral markets cannot currently absorb, so that liquidity keeps earning yield rather than sitting idle in the vault (see [allocation and rebalancing](/curation/roles-and-operations#allocation-and-rebalancing)). -Alongside its collateral markets, each vault designates one deep, blue-chip market as its **liquidity adapter**. -Deposits that the collateral markets cannot currently absorb are supplied there rather than sitting idle in the vault, so they keep earning yield (see [allocation and rebalancing](/curation/roles-and-operations#allocation-and-rebalancing)). -These markets are a yield destination for unallocated liquidity, not part of a vault's collateral strategy, so they are listed separately from the tables above. +Because this market is a yield destination for unallocated liquidity, not part of a vault's collateral strategy, it is listed separately from the tables above. | Vault | Network | Market | LLTV | | ---------------------------------------------- | --------- | ------------------------------------------------------------------------------------------------------------------------------- | ----- | From 225f224151962954db047532788a6b6444c844ef Mon Sep 17 00:00:00 2001 From: Matej Falat Date: Thu, 6 Aug 2026 09:18:47 +0200 Subject: [PATCH 3/4] Add marketIds --- docs/curation/index.md | 72 +++++++++++++++++++++--------------------- 1 file changed, 36 insertions(+), 36 deletions(-) diff --git a/docs/curation/index.md b/docs/curation/index.md index 3fe871b7..442defaf 100644 --- a/docs/curation/index.md +++ b/docs/curation/index.md @@ -66,11 +66,11 @@ It supplies USDC to lending markets backed by blue-chip collateral — Lido wrap These are high-liquidity, battle-tested assets with deep on-chain liquidity and well-established oracle infrastructure. The vault targets stable, lower-risk yield from borrowing demand against these widely held collateral types. -| Market | LLTV | Supply cap | -| -------------------------------------------------------------------------------------------------------------------------- | ---- | ---------- | -| [wstETH / USDC](https://app.morpho.org/ethereum/market/0x6d2fba32b8649d92432d036c16aa80779034b7469b63abc259b17678857f31c2) | 86% | 10M USDC | -| [cbBTC / USDC](https://app.morpho.org/ethereum/market/0xba3ba077d9c838696b76e29a394ae9f0d1517a372e30fd9a0fc19c516fb4c5a7) | 86% | 10M USDC | -| [kBTC / USDC](https://app.morpho.org/ethereum/market/0x7f1224a8598b97a8455d298bd58b0f720f1b4f19a815198b8cdecc9feedada93) | 86% | 1M USDC | +| Market | Market ID | LLTV | Supply cap | +| -------------------------------------------------------------------------------------------------------------------------- | ----------------- | ---- | ---------- | +| [wstETH / USDC](https://app.morpho.org/ethereum/market/0x6d2fba32b8649d92432d036c16aa80779034b7469b63abc259b17678857f31c2) | `0x6d2fba32…31c2` | 86% | 10M USDC | +| [cbBTC / USDC](https://app.morpho.org/ethereum/market/0xba3ba077d9c838696b76e29a394ae9f0d1517a372e30fd9a0fc19c516fb4c5a7) | `0xba3ba077…c5a7` | 86% | 10M USDC | +| [kBTC / USDC](https://app.morpho.org/ethereum/market/0x7f1224a8598b97a8455d298bd58b0f720f1b4f19a815198b8cdecc9feedada93) | `0x7f1224a8…da93` | 86% | 1M USDC | ### Kabu @@ -80,24 +80,24 @@ Given the higher volatility and lower liquidity of these assets compared to blue **Ethereum (USDC)** -| Market | LLTV | Supply cap | -| -------------------------------------------------------------------------------------------------------------------------- | ----- | ---------- | -| [MORPHO / USDC](https://app.morpho.org/ethereum/market/0x6d95bf5fad1b0427205ee2b595f80b52e22394173de0832efa79fde88abb8525) | 62.5% | 2M USDC | -| [EIGEN / USDC](https://app.morpho.org/ethereum/market/0x6d1dae6238f6f296abb77d9e17a8429132458146bc89d1d2b20516b87a40dee7) | 62.5% | 1M USDC | -| [ONDO / USDC](https://app.morpho.org/ethereum/market/0x7dea3baf843210ce0a4a9e6374cea47dcd55384fb36d2d701e69b221867b39e5) | 62.5% | 1M USDC | -| [BAL / USDC](https://app.morpho.org/ethereum/market/0xf57808b9489bcbe7e7c67fd5227b0a4267a384ebb80301a097e4fa1f3fcb3234) | 62.5% | 250k USDC | -| [SYRUP / USDC](https://app.morpho.org/ethereum/market/0x38fa7d75c15a0f11cc46e2d1987a05c26a836d0da6b4430657ec5ece38a25a45) | 62.5% | 200k USDC | -| [COMP / USDC](https://app.morpho.org/ethereum/market/0x9b966d26e14749cdf3be6fcf44ef404f1428b3c2f8c9e9a5172437e440597715) | 62.5% | 100k USDC | -| [FLUID / USDC](https://app.morpho.org/ethereum/market/0xaf53761f4931911877474ab8c7ff856987207ee7ec15e8513ff9cf86939229a0) | 62.5% | 60k USDC | +| Market | Market ID | LLTV | Supply cap | +| -------------------------------------------------------------------------------------------------------------------------- | ----------------- | ----- | ---------- | +| [MORPHO / USDC](https://app.morpho.org/ethereum/market/0x6d95bf5fad1b0427205ee2b595f80b52e22394173de0832efa79fde88abb8525) | `0x6d95bf5f…8525` | 62.5% | 2M USDC | +| [EIGEN / USDC](https://app.morpho.org/ethereum/market/0x6d1dae6238f6f296abb77d9e17a8429132458146bc89d1d2b20516b87a40dee7) | `0x6d1dae62…dee7` | 62.5% | 1M USDC | +| [ONDO / USDC](https://app.morpho.org/ethereum/market/0x7dea3baf843210ce0a4a9e6374cea47dcd55384fb36d2d701e69b221867b39e5) | `0x7dea3baf…39e5` | 62.5% | 1M USDC | +| [BAL / USDC](https://app.morpho.org/ethereum/market/0xf57808b9489bcbe7e7c67fd5227b0a4267a384ebb80301a097e4fa1f3fcb3234) | `0xf57808b9…3234` | 62.5% | 250k USDC | +| [SYRUP / USDC](https://app.morpho.org/ethereum/market/0x38fa7d75c15a0f11cc46e2d1987a05c26a836d0da6b4430657ec5ece38a25a45) | `0x38fa7d75…5a45` | 62.5% | 200k USDC | +| [COMP / USDC](https://app.morpho.org/ethereum/market/0x9b966d26e14749cdf3be6fcf44ef404f1428b3c2f8c9e9a5172437e440597715) | `0x9b966d26…7715` | 62.5% | 100k USDC | +| [FLUID / USDC](https://app.morpho.org/ethereum/market/0xaf53761f4931911877474ab8c7ff856987207ee7ec15e8513ff9cf86939229a0) | `0xaf53761f…29a0` | 62.5% | 60k USDC | **Base (WETH)** -| Market | LLTV | Supply cap | -| ----------------------------------------------------------------------------------------------------------------------- | ----- | ---------- | -| [AERO / WETH](https://app.morpho.org/base/market/0x17cbb67e84acfbaf2a3b73f9fe697d9503a8fd2fce30f851429726fa04bc5afe) | 77% | 350 WETH | -| [VVV / WETH](https://app.morpho.org/base/market/0xa84351c9d5be1d05f6b2d93df58ff8764ba54b70daa6c41529278ac4d1bc3c5b) | 62.5% | 110 WETH | -| [MORPHO / WETH](https://app.morpho.org/base/market/0x71511d934dddf124c73b7d7328e2ed4a7d13deeecf9ef061dad924a56b72a87f) | 77% | 80 WETH | -| [VIRTUAL / WETH](https://app.morpho.org/base/market/0x23c2ad09b57469016831bc5ff9b13a7ddfc559698b42876d3625298e6dd7ef9d) | 77% | 55 WETH | +| Market | Market ID | LLTV | Supply cap | +| ----------------------------------------------------------------------------------------------------------------------- | ----------------- | ----- | ---------- | +| [AERO / WETH](https://app.morpho.org/base/market/0x17cbb67e84acfbaf2a3b73f9fe697d9503a8fd2fce30f851429726fa04bc5afe) | `0x17cbb67e…5afe` | 77% | 350 WETH | +| [VVV / WETH](https://app.morpho.org/base/market/0xa84351c9d5be1d05f6b2d93df58ff8764ba54b70daa6c41529278ac4d1bc3c5b) | `0xa84351c9…3c5b` | 62.5% | 110 WETH | +| [MORPHO / WETH](https://app.morpho.org/base/market/0x71511d934dddf124c73b7d7328e2ed4a7d13deeecf9ef061dad924a56b72a87f) | `0x71511d93…a87f` | 77% | 80 WETH | +| [VIRTUAL / WETH](https://app.morpho.org/base/market/0x23c2ad09b57469016831bc5ff9b13a7ddfc559698b42876d3625298e6dd7ef9d) | `0x23c2ad09…ef9d` | 77% | 55 WETH | ### Api3 dCOMP @@ -107,9 +107,9 @@ While preserving the inherent voting power of the underlying COMP, this wrapper The Api3 dCOMP vault supplies the USDC borrow-side liquidity for this market, making the mechanism viable. -| Market | LLTV | Supply cap | -| ------------------------------------------------------------------------------------------------------------------------- | ----- | ---------- | -| [dCOMP / USDC](https://app.morpho.org/ethereum/market/0x24852d8d7464402ddcd717415e009d42bf7427d6a8893487f83c75ee0f4a0ea6) | 62.5% | 10M USDC | +| Market | Market ID | LLTV | Supply cap | +| ------------------------------------------------------------------------------------------------------------------------- | ----------------- | ----- | ---------- | +| [dCOMP / USDC](https://app.morpho.org/ethereum/market/0x24852d8d7464402ddcd717415e009d42bf7427d6a8893487f83c75ee0f4a0ea6) | `0x24852d8d…0ea6` | 62.5% | 10M USDC | ### Purinta @@ -120,17 +120,17 @@ Meme tokens are more volatile and higher-risk than blue-chip collateral, so a ma **Ethereum (USDC)** -| Market | LLTV | Supply cap | -| --------------------------------------------------------------------------------------------------------------------------- | ----- | ---------- | -| [PEPE / USDC](https://app.morpho.org/ethereum/market/0xde2bb82278de27e7851625e2d7c25280adc6d499c000cc6904eb0ab29124a481) | 62.5% | 1M USDC | -| [SPX6900 / USDC](https://app.morpho.org/ethereum/market/0x31a277fde40c1bd37dd00cb2167fe1d5831b450efecc63323679228a101e9979) | 62.5% | 500k USDC | -| [SHIB / USDC](https://app.morpho.org/ethereum/market/0x87753839ac836a59dd13f66ea6ea5481ba2374ae76dfdfbe8c4861e835833646) | 62.5% | 80k USDC | +| Market | Market ID | LLTV | Supply cap | +| --------------------------------------------------------------------------------------------------------------------------- | ----------------- | ----- | ---------- | +| [PEPE / USDC](https://app.morpho.org/ethereum/market/0xde2bb82278de27e7851625e2d7c25280adc6d499c000cc6904eb0ab29124a481) | `0xde2bb822…a481` | 62.5% | 1M USDC | +| [SPX6900 / USDC](https://app.morpho.org/ethereum/market/0x31a277fde40c1bd37dd00cb2167fe1d5831b450efecc63323679228a101e9979) | `0x31a277fd…9979` | 62.5% | 500k USDC | +| [SHIB / USDC](https://app.morpho.org/ethereum/market/0x87753839ac836a59dd13f66ea6ea5481ba2374ae76dfdfbe8c4861e835833646) | `0x87753839…3646` | 62.5% | 80k USDC | **Robinhood (USDG)** -| Market | LLTV | Supply cap | -| ---------------------------------------------------------------------------------------------------------------------------------- | ----- | ---------- | -| [CASHCAT / USDG](https://app.morpho.org/robinhood-chain/market/0x039503b6308d6d818d181e626d3fbc667d6e68393c3d74332a6124cd2dd6e755) | 38.5% | 500k USDG | +| Market | Market ID | LLTV | Supply cap | +| ---------------------------------------------------------------------------------------------------------------------------------- | ----------------- | ----- | ---------- | +| [CASHCAT / USDG](https://app.morpho.org/robinhood-chain/market/0x039503b6308d6d818d181e626d3fbc667d6e68393c3d74332a6124cd2dd6e755) | `0x039503b6…e755` | 38.5% | 500k USDG | These markets are surfaced to borrowers through [Purinta app](https://purinta.xyz), a meme token lending interface. @@ -144,11 +144,11 @@ It also holds whatever the collateral markets cannot currently absorb, so that l Because this market is a yield destination for unallocated liquidity, not part of a vault's collateral strategy, it is listed separately from the tables above. -| Vault | Network | Market | LLTV | -| ---------------------------------------------- | --------- | ------------------------------------------------------------------------------------------------------------------------------- | ----- | -| Api3 Core, Kabu, Api3 dCOMP, Purinta | Ethereum | [wstETH / USDC](https://app.morpho.org/ethereum/market/0xb323495f7e4148be5643a4ea4a8221eef163e4bccfdedc2a6f4696baacbc86cc) | 86% | -| Kabu | Base | [wstETH / WETH](https://app.morpho.org/base/market/0x3a4048c64ba1b375330d376b1ce40e4047d03b47ab4d48af484edec9fec801ba) | 94.5% | -| Purinta | Robinhood | [USDe / USDG](https://app.morpho.org/robinhood-chain/market/0xc845da65a020ddca5f132efa8fea79676d8edfdea504226a4c01e7a9e34cddd6) | 91.5% | +| Vault | Network | Market | Market ID | LLTV | +| ------------------------------------------------- | --------- | ------------------------------------------------------------------------------------------------------------------------------- | ----------------- | ----- | +| Api3 Core, Kabu,
Api3 dCOMP, Purinta | Ethereum | [wstETH / USDC](https://app.morpho.org/ethereum/market/0xb323495f7e4148be5643a4ea4a8221eef163e4bccfdedc2a6f4696baacbc86cc) | `0xb323495f…86cc` | 86% | +| Kabu | Base | [wstETH / WETH](https://app.morpho.org/base/market/0x3a4048c64ba1b375330d376b1ce40e4047d03b47ab4d48af484edec9fec801ba) | `0x3a4048c6…01ba` | 94.5% | +| Purinta | Robinhood | [USDe / USDG](https://app.morpho.org/robinhood-chain/market/0xc845da65a020ddca5f132efa8fea79676d8edfdea504226a4c01e7a9e34cddd6) | `0xc845da65…ddd6` | 91.5% | ### Accessing the vaults From 7e18982f0469f86cab7a30ad6d9060947b7c7f7e Mon Sep 17 00:00:00 2001 From: Matej Falat Date: Thu, 6 Aug 2026 09:48:00 +0200 Subject: [PATCH 4/4] Move liquidity adapter section up a level --- docs/curation/index.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/docs/curation/index.md b/docs/curation/index.md index 442defaf..057f2500 100644 --- a/docs/curation/index.md +++ b/docs/curation/index.md @@ -134,7 +134,7 @@ Meme tokens are more volatile and higher-risk than blue-chip collateral, so a ma These markets are surfaced to borrowers through [Purinta app](https://purinta.xyz), a meme token lending interface. -### Liquidity adapter +## Liquidity adapter Alongside its collateral markets, each vault designates one deep, blue-chip market as its **liquidity adapter**, which serves two purposes. @@ -150,7 +150,7 @@ Because this market is a yield destination for unallocated liquidity, not part o | Kabu | Base | [wstETH / WETH](https://app.morpho.org/base/market/0x3a4048c64ba1b375330d376b1ce40e4047d03b47ab4d48af484edec9fec801ba) | `0x3a4048c6…01ba` | 94.5% | | Purinta | Robinhood | [USDe / USDG](https://app.morpho.org/robinhood-chain/market/0xc845da65a020ddca5f132efa8fea79676d8edfdea504226a4c01e7a9e34cddd6) | `0xc845da65…ddd6` | 91.5% | -### Accessing the vaults +## Accessing the vaults Each of the vaults can be also accessed through the Morpho app, where Api3 operates as a [verified curator.](https://forum.morpho.org/c/vaults/api3/57) Live figures - total deposits, APY, enabled markets, and current supply caps - are shown there.