---
title: Morpho OETH/yvUSDC-1 Lender Borrower
chain: Ethereum
chainId: 1
address: 0xc5976A234574A7345EfcbB3B0AaF5F435355d2DB
token: OETH
tvl: $71.16K
apy_net: 1.22%
url: https://yearn.fi/vaults/1/0xc5976A234574A7345EfcbB3B0AaF5F435355d2DB
source: https://kong.yearn.fi/api/rest/snapshot/1/0xc5976A234574A7345EfcbB3B0AaF5F435355d2DB
canonical_data: https://kong.yearn.fi/api/rest/snapshot/1/0xc5976A234574A7345EfcbB3B0AaF5F435355d2DB
derived_from_kong: true
updated: 2026-05-29T20:22:27.870Z
---

# Morpho OETH/yvUSDC-1 Lender Borrower (ysOETH)

This vault uses OETH as collateral on Morpho markets to borrow USDC. It then deposits that USDC into Yearn's yvUSDC-1 vault to earn yield there

**URL:** https://yearn.fi/vaults/1/0xc5976A234574A7345EfcbB3B0AaF5F435355d2DB
**Canonical data:** https://kong.yearn.fi/api/rest/snapshot/1/0xc5976A234574A7345EfcbB3B0AaF5F435355d2DB

This markdown is generated live from Kong REST for discovery convenience. Use the canonical JSON snapshot for current APY, TVL, strategy composition, fees, and availability.

## Overview

| Field | Value |
|-------|-------|
| Chain | Ethereum (ID: 1) |
| Token | Origin Ether (OETH) |
| Token Address | `0x856c4Efb76C1D1AE02e20CEB03A2A6a08b0b8dC3` |
| Vault Address | `0xc5976A234574A7345EfcbB3B0AaF5F435355d2DB` |
| API Version | 3.0.4 |
| Kind | N/A |
| TVL | $71.16K |
| Risk Level | N/A |

## Performance

| Period | Net APY/APR |
|--------|-------------|
| Current (net APY) | 1.22% |
| Gross APR | 1.35% |
| 7-day net | 1.77% |
| 30-day net | 1.22% |
| Since inception | 1.43% |

## Fees

| Fee | Rate |
|-----|------|
| Performance | 10.00% |
| Management | 0.00% |

## Strategies

_No strategy data available._