Dawn USDC Vault
Net APY
12.84%
▲ +0.42% · 7d avg
Total value locked
$5.04M
▲ +$284K · 7d
Share price
1.0438
▲ +0.21% · 7d
Vault cap
50.4%
$5.04M / $10M used
Yield composition · Base + Alpha
Defense first, yield maximized — a two-layer architecture.
7.12%
+
5.70%
=
12.82%
Net APY
Base Layer
ACTIVE
10.17
% APY
Always-on stable yield from Kamino Multiply loops and USDC lending reserves. Runs regardless of market conditions.
Strategy
% of vault
APY
Kamino Multiply
ONyc/USDC loop, 5.2× lev
40.0%
12.00%
Kamino Multiply
USDG/PYUSD loop, 4.8× lev
22.0%
9.00%
USDC Lending
Jupiter Lend — buffer
8.0%
4.20%
Alpha Layer
ACTIVE
19.00
% APY
Delta-neutral SOL position: long dawnSOL (earns staking) + short SOL-PERP (earns funding). Activates only when funding > threshold.
Strategy
% of vault
APY
dawnSOL staking leg
Long — validator rewards
15.0%
7.00%
SOL-PERP hedge
Short — Binance funding
15.0%
31.00%
Performance · Net APY
Historical realized yield, net of all fees.
Current
—
3M avg
—
3M change
—
Net APY
· Updated every 4h · Source: on-chain oracle + manager bot
Total Value Locked
Current
—
3M avg
—
3M change
—
TVL
· Cap $10.00M · 50.4% filled
Recent activity
Deposits, withdrawals, rebalances, and harvests.
| Action | Actor | Amount / Detail | Time | Tx |
|---|---|---|---|---|
| Deposit | 7xKX…9fTg | +12,000.00 USDC | 2m ago | 5Xy8…aK4n ↗ |
| Harvest | Manager Bot | +1,842.13 USDC | 41m ago | Jh3f…9pQ2 ↗ |
| Rebalance | Manager Bot | ONyc/USDC → +4.1% | 2h ago | Kd9m…bV7x ↗ |
| Deposit | 9ab7…2zQ1 | +50,000.00 USDC | 5h ago | pQ2r…8mN4 ↗ |
| Withdraw | H4n2…cWq8 | −8,420.00 USDC | 9h ago | Zx1k…4fLp ↗ |
| Rebalance | Manager Bot | Alpha layer: ON | 14h ago | V7yt…3aBc ↗ |
Risk parameters
Caps, thresholds & circuit-breakers enforced on-chain and off-chain.
Vault cap
Hard deposit ceiling
$10,000,000
Per-strategy cap
Max allocation to any one strategy
70%
Liquid buffer
Held in USDC for instant withdrawals
10%
Max Multiply leverage
Circuit breaker trips above this
5.5×
Funding threshold (Alpha)
Below this, Alpha layer unwinds
≥ 10.0% APR
Price oracle deviation
Pauses rebalancing
> 1.5%
Health factor floor
Auto-deleverage trigger
1.25
Operator multisig
Required for parameter changes
3 / 5
Dawn USDC Vault is operated by Dawn Labs on Solana mainnet. This page shows representative figures and is not investment advice.