1txLive capital
Snapshot 2026-08-21 08:32Z (12h ago)
stale · re-run pnpm --filter web refresh

The book

7 positions, $102.60 deployed at 6.683% blended, earning $0.0188 a day.

Largest position

16.75%

cap 20%

Largest protocol

58.12%

Morpho

Largest chain

67.22%

Base

Best leg

7.89%

Hyperithm USDC Apex

Worst leg

4.85%

USDC

Positions

Balances and APY read live. Target and drift come from the allocation the book was built to; the drift band is the mandate's 500 bps.

PositionValue% of bookAPY$/yearTargetDriftScoreTVLRealisedSharpe

Tokemak baseUSD autopool

Tokemak·Base·baseUSD·satellite

$17.18
16.75%
7.49%$1.2916.37%+37 bps0.818$7.6M7.52%4.45

Hyperithm USDC Apex

Morpho·Monad·hyperUSDCa·core

$16.89
16.46%
7.89%$1.3316.10%+37 bps0.924$60.2M7.81%3.14

August USDC V2

Morpho·Monad·AugustUSDCv2·satellite

$16.74
16.32%
7.58%$1.2715.95%+36 bps0.766$4.4M7.90%3.00

Avantis USDC LP tranche

Avantis·Base·avUSDC·core

$13.59
13.25%
5.64%$0.7712.95%+29 bps0.928$18.2M9.69%4.94

Steakhouse High Yield USDC

Morpho·Base·bbqUSDC·core

$13.34
13.00%
6.05%$0.8112.71%+29 bps0.952$32.5M5.29%3.04

Gauntlet USDC Frontier

Morpho·Base·gtusdcf·core

$12.65
12.33%
6.35%$0.8012.06%+28 bps0.854$3.6M5.36%2.65

USDC

Fluid·Base·fUSDC·satellite

$12.20
11.89%
4.85%$0.5911.71%+18 bps0.819$9.3M5.72%0.92

By protocol

Cap 60%

Morpho: 58.1%Tokemak: 16.7%Avantis: 13.2%Fluid: 11.9%
Morpho458.1%
Tokemak116.7%
Avantis113.2%
Fluid111.9%

By chain

Cap 70%

Base: 67.2%Monad: 32.8%
Base6.2%67.2%
Monad7.7%32.8%

Headroom against the caps

How close the book sits to the ceilings it is governed by.

instrument16.75% / 20%
protocol58.12% / 60%
chain67.22% / 70%

A bar at 100% is not a violation — it is a book with no tolerance left for ordinary execution friction. That is what put two legs over the line at 0.2016.

Risk / reward

Held legs, sized by weight, against the 59-instrument shelf they were chosen from (grey). X is realised yield volatility, Y is current APY.

0.05.210.4steadyvariableMorpho USDC (not held): 4.12% APY, volatility 0.40Morpho USDC (not held): 4.12% APY, volatility 0.40Morpho USDC (not held): 4.12% APY, volatility 0.41Morpho USDC (not held): 3.70% APY, volatility 0.41Morpho USDC (not held): 3.08% APY, volatility 0.45Morpho USDC (not held): 4.20% APY, volatility 0.47Aave WETH (not held): 1.65% APY, volatility 0.16Aave USDC (not held): 3.68% APY, volatility 0.82Morpho USDC (not held): 3.91% APY, volatility 0.37Morpho USDC (not held): 3.70% APY, volatility 0.38Aave cbBTC (not held): 0.01% APY, volatility 0.01Aave USDT0 (not held): 2.90% APY, volatility 0.76Aave USDC (not held): 3.48% APY, volatility 0.75Aave USDC (not held): 2.49% APY, volatility 1.43Morpho USDC (not held): 5.96% APY, volatility 0.59Morpho USDC (not held): 3.91% APY, volatility 0.46Morpho USDT0 (not held): 2.15% APY, volatility 0.88Morpho USDC (not held): 5.85% APY, volatility 1.56Morpho USDC (not held): 3.72% APY, volatility 0.43Morpho USDC (not held): 3.91% APY, volatility 0.36Morpho USDC (not held): 3.45% APY, volatility 0.93Fluid EURC (not held): 3.25% APY, volatility 0.78Morpho USDC (not held): 3.99% APY, volatility 1.30Aave EURC (not held): 2.86% APY, volatility 0.74Morpho WETH (not held): 1.70% APY, volatility 1.14Morpho USDC (not held): 5.18% APY, volatility 1.35Aave DAI (not held): 2.21% APY, volatility 1.58Morpho USDC (not held): 5.86% APY, volatility 1.95Morpho USDC (not held): 2.98% APY, volatility 2.46Aave GHO (not held): 3.56% APY, volatility 4.64Morpho cbBTC (not held): 0.37% APY, volatility 0.47Morpho USDC (not held): 4.45% APY, volatility 1.00Morpho USDC (not held): 3.70% APY, volatility 0.27Morpho USDC (not held): 4.13% APY, volatility 0.62Morpho USDC (not held): 4.13% APY, volatility 0.41Morpho USDC (not held): 3.83% APY, volatility 1.00Fluid GHO (not held): 3.66% APY, volatility 1.15Morpho USDC (not held): 5.94% APY, volatility 0.81Morpho USDC (not held): 5.30% APY, volatility 2.19Morpho USDC (not held): 3.68% APY, volatility 1.35Morpho USDC (not held): 3.83% APY, volatility 1.10Euler AUSD (not held): 9.65% APY, volatility 1.66Euler USDC (not held): 6.04% APY, volatility 0.78Morpho USDC (not held): 4.14% APY, volatility 1.04Morpho USDC (not held): 3.85% APY, volatility 0.37Morpho USDC (not held): 3.89% APY, volatility 1.47Aave GHO (not held): 3.51% APY, volatility 3.28Morpho USDC (not held): 5.19% APY, volatility 2.34Morpho USDC (not held): 0.00% APY, volatility 1.64Morpho USDC (not held): 4.18% APY, volatility 2.31Euler USDC (not held): 0.00% APY, volatility 2.67Morpho USDC (not held): 2.33% APY, volatility 5.43Tokemak baseUSD autopool: 7.49% APY, volatility 1.021Hyperithm USDC Apex: 7.89% APY, volatility 1.542August USDC V2: 7.58% APY, volatility 1.643Avantis USDC LP tranche: 5.64% APY, volatility 1.364Steakhouse High Yield USDC: 6.05% APY, volatility 0.755Gauntlet USDC Frontier: 6.35% APY, volatility 0.896USDC: 4.85% APY, volatility 3.007realised yield volatilityAPY %
1Tokemak baseUSD autopool7.49%
2Hyperithm USDC Apex7.89%
3August USDC V27.58%
4Avantis USDC LP tranche5.64%
5Steakhouse High Yield USDC6.05%
6Gauntlet USDC Frontier6.35%
7USDC4.85%

Delivery

Three different rates, kept apart on purpose. Current is what the position earns today. Advertised and Realised are the shelf's own pair over the vault's history window, and the gap between them is the only one of the three that says anything about honesty.

PositionCurrentAdvertisedRealisedGap (pp)VolatilityHistoryTVL
Tokemak baseUSD autopool7.49%7.52%7.52%-0.00481.016188d$7.6M
Hyperithm USDC Apex7.89%7.82%7.81%-0.01091.537188d$60.2M
August USDC V27.58%7.92%7.90%-0.01221.641150d$4.4M
Avantis USDC LP tranche5.64%9.70%9.69%-0.00841.355196d$18.2M
Steakhouse High Yield USDC6.05%5.29%5.29%-0.00270.754210d$32.5M
Gauntlet USDC Frontier6.35%5.37%5.36%-0.00380.894210d$3.6M
USDC4.85%5.75%5.72%-0.03642.996340d$9.3M