Yield vault

AAPL

Perch AAPL — auto-compounded Morpho yield on AAPL

Live

75%

Target LTV

Below 86% LLTV

10%

Perf fee

High-water mark

Mgmt fee

APR, on TVL

Chainlink

Oracle

TRV pass-through

How this vault works

You deposit AAPL. The strategy wraps it into wStock (non-rebasing, corporate-action safe) and supplies it as collateral on a Morpho Blue market.

Morpho lets us borrow USDG against that collateral at a target LTV of 75%, buffered well below the market's 86% liquidation threshold. The strategy has ~11% of headroom before entering the liquidation band.

The borrowed USDG is deposited into a curated stable vault where it earns interest. Harvests compound the yield back into more collateral. Your share price grows in AAPL terms — one share buys you slightly more AAPL tomorrow than it does today.

Withdrawals unwind pro-rata: we pull the fraction of collateral you're entitled to, repay the corresponding fraction of debt, unwrap wStock, and hand you back raw AAPL. Same block, no queue, no cooldown.

Guardrails

Timelocked

Strategy migrations require a 3-day OpenZeppelin timelock before executing.

Guardian pause

Incident-response multisig can halt deposits and force emergency unwind instantly.

TVL cap

Every vault ships with a hard TVL ceiling for the first 90 days after launch.

Oracle staleness

Chainlink reads guarded by a max-staleness clock; stalled feed halts new positions.

Deposit

Connect a Robinhood-whitelisted wallet to deposit AAPL. Withdrawals settle same-block, pro-rata unwind.

Self-custodial. No signup. Your keys, your AAPL.