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Spark USDC Vault
BSpark blue-chip USDC vault. Lending against the lowest risk crypto and real-world assets (RWAs). Curated by SparkDAO which allocates billions in assets across all of DeFi. See: https://data.spark.fi/spark-liquidity-layer
Taking money
—
Supplied
$243.35M
$86.59M lent out · 36% utilised
Return
1.4%
over observed history
Recent
0.4% · 1.0%
30d · 90d
Max drawdown
0.0%
peak to trough
Sortino
—
return per unit of downside risk
History
128d
77 observations
Confidence
35%
in these metrics
Value and drawdown
Range
Hover for values. Upper: vault value, with BTC indexed to the same starting capital. Lower: how far below its own peak it was.
If you had deposited
$10.0k would be $10.1k — a gain of $92.10, 0.9% over 87 days.
Priced from our first reading 3 days after that date — 2026-05-30 — because it is the earliest price we hold rather than one we would have to invent.
Computed from the price of one share, so another depositor arriving is never counted as this strategy’s performance. Fees the venue charges inside the share price are included; anything charged outside it is not. It says what this vault did between two dates and nothing whatever about what it will do next.
No strategy has been declared for this vault
Everything above is reconstructed from public data. A declaration is free, signed from this vault’s own key, and cannot be edited afterwards.Note 28
Passport
Identity
Vault contract0x7BfA7C4f…F34A
Network
Base
PlatformMorpho
OperatorSparkDAO0x0f963A8A…46A3
Deposit assetUSDC
Created on-chain2024-12-30
First observed by us2026-08-11
Statuslive
What is deciding
unregisteredStrategy versionNot attested — the operator has not bound this record to a specific version
Model providerNot attested — no model declared
ModelNot attested — no model declared
System prompt hashNot attested — no prompt commitment
Policy hashNot attested — no policy commitment
Inferred modeNot enough execution data
These fields are empty because nobody has attested them, not because we failed to find them. An operator who registers gets a record that provably cannot be edited after the fact — and a grade no unregistered strategy can reach.
How much to trust this
Provenance gradeBReal capital, readable at the venue — but the operator’s full cohort is unproven.
Machine-managedNot established
Metric confidence35%75 observations over 128 days
RankingNot ranked — insufficient history
Alignment and capacity
Operator’s own shareNot published by the venue
Commission—
Depositor wallets—
Concentration—
Estimated capacityNot enough execution data
Net flow 30d$236.62M
Who is in it
as at 2026-08-24 21:51Largest wallet
98.1%
Top five
99.1%
Concentration
0.961
Wallets seen
25
venue caps its list — a floor
| # | Wallet | Deposited | Share | All-time P&L | In for |
|---|---|---|---|---|---|
| 1 | 0x2917956e…09ca | $237.11M | 98.1% | — | — |
| 2 | 0x37c9a24a…22c4 | $806.0k | 0.3% | — | — |
| 3 | 0xd4b3f24f…cc53 | $669.3k | 0.3% | — | — |
| 4 | 0x100aaf32…9208 | $558.1k | 0.2% | — | — |
| 5 | 0xe9106227…e23c | $534.1k | 0.2% | — | — |
| 6 | 0x0c4506b8…a4d6 | $483.9k | 0.2% | — | — |
| 7 | 0x5db3eb2f…48d6 | $266.0k | 0.1% | — | — |
| 8 | 0xc68eed4e…750c | $169.4k | 0.1% | — | — |
| 9 | 0x294641be…15bc | $127.0k | 0.1% | — | — |
| 10 | 0xbd751e58…9f8a | $126.3k | 0.1% | — | — |
| 11 | 0xb036d71b…7196 | $118.3k | 0.0% | — | — |
| 12 | 0xecf3e3d2…114f | $103.1k | 0.0% | — | — |
| 13 | 0x322e0a0e…e45f | $83.6k | 0.0% | — | — |
| 14 | 0x2af0c366…0362 | $82.8k | 0.0% | — | — |
| 15 | 0xc8161f4a…8b11 | $81.1k | 0.0% | — | — |
| 16 | 0x91acd523…2149 | $77.1k | 0.0% | — | — |
| 17 | 0x75b01734…1d11 | $65.9k | 0.0% | — | — |
| 18 | 0xb2dd2ceb…8eec | $54.2k | 0.0% | — | — |
| 19 | 0x08e20112…1145 | $52.8k | 0.0% | — | — |
| 20 | 0x0d1428c0…6142 | $52.7k | 0.0% | — | — |
| 21 | 0x99e65176…1367 | $49.4k | 0.0% | — | — |
| 22 | 0xaa850dd6…773c | $42.5k | 0.0% | — | — |
| 23 | 0x38ebc047…ed72 | $36.6k | 0.0% | — | — |
| 24 | 0xd445bc73…5cad | $32.7k | 0.0% | — | — |
| 25 | 0x315ff203…ff03 | $32.5k | 0.0% | — | — |
Shares are of the capital we can observe, not of reported TVL ($243.35M) — dividing by a total that includes wallets outside our sample would understate every share and make concentration look better than it is. The venue returns at most a hundred wallets, so the count is a floor and the largest shares are a ceiling.
Money in and out
Ledger read 1 hour agoIn
$703.4k
35 deposits
Out
$1.91M
25 withdrawals
Net
-$1.20M
0.5% of TVL
Window
1d
last 60 movements
| When | Type | Amount | Of vault | Transaction |
|---|---|---|---|---|
| 2026-08-24 21:49 | deposit | $10.00 | 0.00% | 0xc0ee92a0…9133 |
| 2026-08-24 21:48 | withdraw | $1.4k | 0.00% | 0x329ed5c5…5b94 |
| 2026-08-24 21:48 | withdraw | $1.09M | 0.45% | 0x7728c617…5d0d |
| 2026-08-24 21:47 | withdraw | $58.13 | 0.00% | 0xac3fa153…7952 |
| 2026-08-24 21:46 | withdraw | $26.02 | 0.00% | 0x02f0fa20…8a9c |
| 2026-08-24 21:43 | deposit | $413.4k | 0.17% | 0x1ad1a045…1b7c |
| 2026-08-24 21:42 | deposit | $23.53 | 0.00% | 0x81009c82…4f50 |
| 2026-08-24 21:39 | deposit | $61.93 | 0.00% | 0x58f3cc4f…ca8c |
| 2026-08-24 21:39 | deposit | $10.00 | 0.00% | 0x89907082…a774 |
| 2026-08-24 21:33 | withdraw | $65.45 | 0.00% | 0x11cff97f…4e5a |
| 2026-08-24 21:33 | withdraw | $30.04 | 0.00% | 0xc7b2863a…2b6e |
| 2026-08-24 21:30 | deposit | $177.6k | 0.07% | 0x19441c22…8d14 |
| 2026-08-24 21:27 | deposit | $2.00 | 0.00% | 0xce645d73…13df |
| 2026-08-24 21:27 | withdraw | $15.01 | 0.00% | 0xde32686a…3736 |
| 2026-08-24 21:22 | deposit | $34.00 | 0.00% | 0xf0953af4…45cb |
| 2026-08-24 21:17 | deposit | $10.00 | 0.00% | 0x6bbdc8ba…0631 |
| 2026-08-24 21:16 | deposit | $30.00 | 0.00% | 0x1dad7956…22ed |
| 2026-08-24 21:15 | deposit | $35.00 | 0.00% | 0x1e509eb4…fc28 |
| 2026-08-24 21:03 | withdraw | $181.8k | 0.07% | 0xae019c81…8008 |
| 2026-08-24 21:02 | deposit | $64.52 | 0.00% | 0x5713e9f9…b0aa |
| 2026-08-24 21:00 | withdraw | $62.24 | 0.00% | 0xd5fb2463…e6d7 |
| 2026-08-24 20:59 | withdraw | $2.6k | 0.00% | 0x9362e633…1cc4 |
| 2026-08-24 20:59 | deposit | $17.05 | 0.00% | 0x8d594ad1…3694 |
| 2026-08-24 20:58 | deposit | $90.00 | 0.00% | 0x1b14215f…d2ac |
| 2026-08-24 20:57 | withdraw | $9.0k | 0.00% | 0xfef8f6c8…b995 |
| 2026-08-24 20:57 | withdraw | $9.9k | 0.00% | 0x623b8f81…3fb4 |
| 2026-08-24 20:56 | withdraw | $19.33 | 0.00% | 0x43d28719…8254 |
| 2026-08-24 20:50 | deposit | $8.00 | 0.00% | 0x7057f903…f35d |
| 2026-08-24 20:49 | deposit | $62.24 | 0.00% | 0x2352458d…83a2 |
| 2026-08-24 20:48 | withdraw | $298.1k | 0.12% | 0x41030f0b…41c6 |
| 2026-08-24 20:47 | withdraw | $10.89 | 0.00% | 0x58e6f3f7…e188 |
| 2026-08-24 20:47 | deposit | $10.00 | 0.00% | 0xa76cc7d0…2b6b |
| 2026-08-24 20:46 | deposit | $19.33 | 0.00% | 0xb96250f7…5804 |
| 2026-08-24 20:46 | deposit | $10.00 | 0.00% | 0x29dd4303…8f94 |
| 2026-08-24 20:43 | deposit | $26.2k | 0.01% | 0x779511a4…d6bc |
| 2026-08-24 20:41 | withdraw | $26.2k | 0.01% | 0x93923487…1656 |
| 2026-08-24 20:40 | withdraw | $75.39 | 0.00% | 0x350b52ea…50ac |
| 2026-08-24 20:38 | deposit | $51.1k | 0.02% | 0x5881af02…e9a8 |
| 2026-08-24 20:36 | deposit | $80.00 | 0.00% | 0xfa2c8a05…3d35 |
| 2026-08-24 20:34 | deposit | $20.5k | 0.01% | 0xa806f8da…eac0 |
| 2026-08-24 20:34 | deposit | $10.00 | 0.00% | 0x822b1ef1…052c |
| 2026-08-24 20:31 | deposit | $12.3k | 0.01% | 0x5b61d513…1d8d |
| 2026-08-24 20:30 | deposit | $217.00 | 0.00% | 0xb93e9a98…697f |
| 2026-08-24 20:29 | withdraw | $17.01 | 0.00% | 0x364c78e6…6fff |
| 2026-08-24 20:29 | deposit | $20.00 | 0.00% | 0x64d0cc6d…e4e5 |
| 2026-08-24 20:28 | deposit | $2.00 | 0.00% | 0x16ba2a05…49df |
| 2026-08-24 20:28 | deposit | $1.3k | 0.00% | 0x5127b225…4731 |
| 2026-08-24 20:26 | withdraw | $1.3k | 0.00% | 0x5fc2ae22…3bed |
| 2026-08-24 20:24 | withdraw | $282.4k | 0.12% | 0x495ea915…5293 |
| 2026-08-24 20:20 | withdraw | $10.00 | 0.00% | 0x1d90c349…7f07 |
| 2026-08-24 20:14 | deposit | $20.00 | 0.00% | 0xf1f9b317…f62d |
| 2026-08-24 20:07 | withdraw | $47.09 | 0.00% | 0x5c4d7b1f…842a |
| 2026-08-24 20:06 | deposit | $10.00 | 0.00% | 0xb7a6d596…3d2b |
| 2026-08-24 20:06 | withdraw | $30.02 | 0.00% | 0x07508355…88f8 |
| 2026-08-24 20:05 | withdraw | $50.15 | 0.00% | 0x080e122c…607d |
| 2026-08-24 20:05 | deposit | $49.00 | 0.00% | 0x438b7a17…9a7e |
| 2026-08-24 20:04 | deposit | $10.00 | 0.00% | 0x2b6b4db9…b182 |
| 2026-08-24 20:00 | deposit | $15.00 | 0.00% | 0x030ef57c…3c2a |
| 2026-08-24 19:57 | deposit | $2.00 | 0.00% | 0xb605020e…7870 |
| 2026-08-24 19:51 | withdraw | $101.94 | 0.00% | 0x487ec78f…58cd |
Shares are against the vault’s current size, so an old movement is measured against today rather than against what the vault was then. It is the comparison a reader wants — how much of this vault that was — and it is not the same as the share it represented at the time.
What is still missing
- Operator cohort. We show what the venue still exposes; strategies deleted before we began observing are invisible, and only pre-registration can make a cohort provably complete.
- Gross-to-net waterfall. Returns are venue-reported and not yet decomposed into fees, funding and slippage.
- Off-chain exposure. Anything held on a centralised exchange is invisible to us, so the risk shown is a floor.