MEV Capital Usual Boosted USDC Morpho Vault (USUALUSDC+) Research & Analysis

Full research brief

Composite research score is 50.2/100 from weighted category evidence. Strongest pillar: Tokenomics at 89.3/100. Weakest pillar: Liquidity at 25.3/100.

MEV Capital Usual Boosted USDC Morpho Vault overview

The MEV Capital Usual Boosted USDC vault curated by MEV Capital is dedicated to providing capital to Usual protocol markets. It gives access to extra incentives from Usual to boost the USDC APR for borrowers. This vault serves stable markets only and ensures very low odds of liquidation while providing good APR from leverage loopers. Morpho Vaults are curated lending vaults that can allocate deposits to any number of Morpho Markets. Each vault is customizable and has a different risk profile. Curators are independent, third-party risk experts who use their expertise to offer various Morpho Vaults.

• The MEV Capital Usual Boosted USDC vault curated by MEV Capital is dedicated to providing capital to Usual protocol markets.
• It gives access to extra incentives from Usual to boost the USDC APR for borrowers.
• This vault serves stable markets only and ensures very low odds of liquidation while providing good APR from leverage loopers.
• Morpho Vaults are curated lending vaults that can allocate deposits to any number of Morpho Markets.
• Each vault is customizable and has a different risk profile.

Desk note: The 24-hour price change for MEV Capital Usual Boosted USDC Morpho Vault (USUALUSDC+) was 0.01%, remaining effectively flat within the broader stablecoin yield-vault landscape.

Tokenomics

• Circulating supply: 1,761,642.
• Total supply: 1,761,642.
• No hard max supply in the feed — dilution risk needs a manual check.
• FDV sits near $1.98M — compare that to today’s market cap to sense unlock overhang.

Thesis & narrative

USUALUSDC+ looks mixed, but Risk high (confidence 0.65)

• Research score sits at 50.2/100.
• USUALUSDC+ screens at research score 50.2.
• Biggest concern: Risk high (confidence 0.65)

Bull: Network and market activity keep improving, USUALUSDC+ research score holds above 70, and ecosystem adoption continues to compound.

Base: Growth continues at a moderate pace while valuation stays sensitive to liquidity and narrative rotation.

Bear: Token supply pressure or stalled activity pushes USUALUSDC+ into a weaker regime; momentum fades and risk metrics deteriorate.

Falsifiers

• 30D performance worse than -25%

Catalysts

• Ecosystem expansions, listings, or usage milestones that show up in fees and active addresses
• Clearer token utility (staking, burns, governance with real votes) that tightens the story
• Relative strength vs category peers when the broader tape is flat

Risks

• Volatility can erase weeks of “calm” in a single session
• Regulatory tone differs by country — this screen is not legal advice
• Smart-contract / protocol / custodian risk depending on how you hold exposure
• Thin books amplify both pumps and dumps when volume dries up