Basics
What is Murmurr?
What is Murmurr?
A non-custodial USDC vault. You deposit once; capital is routed into Morpho USDC vaults across chains (never Morpho Blue in-market from Lagoon). Diversified sleeves rotate via the allocator; mono sleeves are guarded by the sentinel.
Is Murmurr custodial?
Is Murmurr custodial?
No. Assets stay in on-chain vault infrastructure (Lagoon + Morpho + curator Safe). Murmurr never holds your keys.
Why only USDC?
Why only USDC?
One underlying keeps the product simple: deposit, share, redeem, and bridge paths stay in native USDC. Other stables may become separate products later - they are not mixed into this vault.
What are the fees?
What are the fees?
0% management / 0% performance for now. See Deposit & redeem → Fees.
Why Morpho vaults instead of Blue markets?
Why Morpho vaults instead of Blue markets?
Lagoon only holds Morpho vault shares. That keeps enter/exit, fees, and roles at the sleeve level - including for mono products - so the Lagoon allocator can reweight whole sleeves without managing Blue market IDs.
Which chains?
Which chains?
Ethereum, Base, HyperEVM, and Monad. Diversified Morpho USDC sleeves on Ethereum (Frontier, Blue-Chip) and Base (cbAssets); mono sleeves Murmurr USDC WHYPE (HyperEVM) and Murmurr USDC aHYPER (Monad). See Multichain & CCTP.
What does Murmurr USDC WHYPE / aHYPER mean?
What does Murmurr USDC WHYPE / aHYPER mean?
On-chain naming follows
Murmurr USDC + collateral or theme. WHYPE is a mono-collateral Morpho USDC vault on HyperEVM; aHYPER is the same pattern on Monad. Ops = sentinel-only (liquidity derisk), not a strategic allocator rotation.Flows
Can I withdraw anytime?
Can I withdraw anytime?
You redeem through the Lagoon vault flow. Timing depends on async settlement, vault liquidity, and the live Morpho book - not an instant AMM exit. See Deposit & redeem.
Where does yield come from?
Where does yield come from?
Morpho USDC vaults selected by the Lagoon book. On diversified sleeves, markets are ranked on risk-adjusted yield with liquidity and concentration constraints. See Allocator.
Do mono sleeves need an allocator?
Do mono sleeves need an allocator?
No. Mono-collateral sleeves (WHYPE, aHYPER) do not run a strategic allocator. Markets / caps are set; the sentinel watches the 10% liquidity rule and can trim or pull out under stress. See Sentinel.
How do cross-chain moves work?
How do cross-chain moves work?
When the target book needs USDC on another chain, capital bridges as native USDC via Circle CCTP, then deploys into that chain’s Morpho USDC vault.
Risk
What are the main risks?
What are the main risks?
Smart-contract risk (Lagoon, Morpho, bridges), Morpho market / curator risk, mono-collateral concentration on WHYPE / aHYPER sleeves, allocator policy risk on diversified sleeves, and cross-chain / CCTP operational risk. Digital assets can lose value. Nothing here is investment advice - Risks & security.
Is there a fixed APY?
Is there a fixed APY?
No. Displayed APY is a live estimate from the current book - it moves as markets and allocations change.