Lend into the book you choose.
Each vault is an ERC-4626 share: you deposit an asset, it lends into a fixed list of markets under caps, and you withdraw whatever is not borrowed at that moment. Risk is the list of markets, and the list is public.
The exit is not locked
No lockup$0.00
withdrawable this second, out of $0.00 supplied
There is no lock, no notice period and no epoch. What limits a withdrawal is only how much of the pool is borrowed at that moment — the rest is yours on demand, and the rate climbs steeply as the pool empties, which is what pulls borrowers into repaying. Everything above is read from the vault, not from a policy we wrote down.
Demand already at the door
$0.00
0 accounts holding collateral with nothing borrowed against it
A borrower does not have to wait for liquidity to arrive before acting. Posting collateral needs no liquidity at all, so they can be in position first and borrow in the same second the money appears. That is what this number is: demand that has already paid the cost of showing up.
Cluby Core USDG
LiveCoreChainlink-priced collateral only. The conservative book: megacaps, an index ETF and ETH.
0x97e813828B0250dCa5c05FF2567dfD616E5b3C61 · 24h timelock
APY
0.00%
Total assets
$0.00
Withdrawable now
$0.00
Performance fee
0% · 90d
Cluby Frontier USDG
Not deployedFrontierLong-tail collateral priced by TWAP. Higher rate, thinner exit, smaller caps.
APY
—
Total assets
$0.00
Withdrawable now
$0.00
Performance fee
0% · 90d
Cluby ETH
Not deployedETHLend WETH against stock collateral. Opens once the USDG book has depth.
APY
—
Total assets
$0.00
Withdrawable now
$0.00
Performance fee
0% · 90d
Cluby NVDA Lending
Not deployedStock lendingLend your NVDA to short sellers and earn the borrow rate while keeping the exposure.
APY
—
Total assets
$0.00
Withdrawable now
$0.00
Performance fee
0% · 90d
Partner vaults
A project that wants its own token to be borrowable can have a vault of its own: one market, a cap it sets, and liquidity it deposits. The borrow demand is then its users', and the rate is theirs to keep. Ask for one and it is a deployment, not a negotiation.
Where the yield comes from
Borrowers pay a rate set by Morpho's adaptive curve, which climbs as a market is used up and falls when it sits idle. Suppliers receive that interest in proportion to how much of the pool is lent out. Nothing is subsidised — there is no emission propping the number up, which is also why it will look modest early on.