SingularV says it is operated by Alphanonce, a crypto hedge fund founded in 2018 . No legal entity or jurisdiction is published.

SingularV

SingularV: Morpho Vault Curator Run by Alphanonce

SingularV is a small DeFi vault curator. It sets up and manages lending vaults on Morpho, mostly for ETH and USDC on Ethereum ⁵⁶. It describes itself as an onchain strategy brand operated by Alphanonce, a crypto hedge fund it says was founded in 2018 ¹. Since December 2025, it has also run svUSDC, a separate multi-strategy USDC vault built on Upshift ³. As of October 23, 2026, its listed Morpho vaults held only about $110,000 ⁵.

Facts checked October 23, 2026 10 cited sources No score on this page, no affiliate links

Founded—Vault curator Official siteopens in a new tab Incidents02 on record, none touched funds In our ratingsNot ratedsee all ratings

At a glance

What it is: Vault curator and onchain strategy brand ¹²
Operator: Alphanonce, by SingularV's own account; no legal entity or jurisdiction published ¹
Curating on Morpho since: June 2025 (company statement) ³
Morpho vaults (listed, Oct 23, 2026): SingularV ETH (V1 and V2) and SingularV USDC (V2), all on Ethereum ⁵⁶
Morpho fees: 10% performance fee; no management fee ⁵⁶
Other product: svUSDC on Upshift: market-neutral and DeFi multi-strategy ³
Facts checked: October 23, 2026

Who is behind SingularV

The only operator disclosure we found is SingularV's July 2025 introduction on Morpho's governance forum. It names Alphanonce, "a crypto hedge fund founded in 2018," and says the team has worked in the TON ecosystem, including running tsTON and USDT vaults on the Affluent platform ¹. The website names no executives and publishes no company registration or terms of service. Its footer reads "© 2025 Singular V" ².

SingularV pitches its services to institutional and high-net-worth investors. It says it uses an AI-driven data engine for its strategies and offers segregated accounts and onchain funds alongside vault curation ². These are company claims and were not independently verified.

What SingularV does on Morpho

A Morpho curator decides which lending markets a vault can supply to and how much it can lend to each ⁷. The roles split like this:

Owner: appoints the curator and safety roles.
Curator: sets the allowed markets, exposure caps and fees.
Allocator: moves deposits between allowed markets.
Sentinel (Guardian in V1 vaults): can cut exposure or cancel pending changes.

Most curator changes are timelocked, so depositors can exit first ⁷.

On October 23, 2026, Morpho's API showed the following setup:

V2 vaults: one SingularV address holds the owner, curator, allocator and sentinel roles. The ETH V2 vault adds a second allocator ⁵.
V1 ETH vault: created in June 2025. It uses the same address as owner and curator, a separate guardian address and a three-day timelock ⁶.

Because one address holds every V2 role, depositors there rely on the timelock rather than on an independent sentinel.

Vault (Ethereum)	Version	Assets (Oct 23, 2026)	Performance fee
SingularV ETH	V2	about $110,000	10%
SingularV ETH	V1	about $100,000	10%
SingularV USDC	V2	under $100	10%

Older unlisted V1 vaults also exist on Ethereum and Arbitrum, including a USDT vault named in the 2025 forum post ¹⁶.

SingularV's website says it is also a curator on Euler ². We found no SingularV entry in Euler's public labels repository as of October 23, 2026 ¹⁰.

svUSDC on Upshift

svUSDC is a separate product, not a Morpho vault. SingularV launched it on Upshift's vault infrastructure in December 2025 ³. It goes further than lending:

Rotates through DeFi protocols such as Morpho, Pendle, Gearbox and Euler.
Runs delta-neutral funding-rate trades on Hyperliquid and Lighter.
Takes event-driven trades and private liquidity-provision deals ³.

Withdrawals work in two ways ³:

Instant: up to 3% of vault liquidity, for a 0.2% fee.
Full redemption: processed within three business days.

NAV is updated twice a week. The launch post states a 15%+ target yield; SingularV itself calls such targets projections, not guarantees ³. A performance fee for svUSDC is not stated.

Risks to understand

Small size and concentration. These vaults are small, so a single large withdrawal or one problem market has a large effect.
Single-address control. One address holds every role on the V2 vaults ⁵. Timelocks are the main protection.
Off-chain strategy risk in svUSDC. Funding-rate trades depend on trading venues and margin, not only smart contracts ³.
Limited disclosure. No legal entity, terms or named team is published ².

Incident record

2 funds not affected

Stream Finance xUSD and Elixir deUSD collapse

Nov 2025funds not affected

Outcome: No loss found (company statement)
Loss: Not named among affected lenders. SingularV says it avoided losses through "black swan events".

Source: forklog.com

rsETH bridge exploit

Apr 18, 2026funds not affected

Outcome: No loss found
Loss: Morpho reported about $1M of rsETH exposure in two markets; curators not named. Nothing links SingularV's ETH vaults to it.

Source: galaxy.com

Questions about SingularV

Is SingularV a crypto token?

No. SingularV is a vault curator brand. The vault shares you get on Morpho represent your deposit and aren't a SingularV token ⁵.

Who owns SingularV?

SingularV says it is operated by Alphanonce, a crypto hedge fund founded in 2018 ¹. No legal entity or jurisdiction is published.

What fee does SingularV charge?

Its listed Morpho vaults charge a 10% performance fee, which is a share of the interest earned, and no management fee ⁵⁶. svUSDC charges 0.2% on instant withdrawals ³.

Does SingularV hold my funds?

Not in its Morpho vaults. Deposits sit in Morpho smart contracts. SingularV's address can change allocations within the vault's caps and timelocks ⁵⁷.

For CoinPulse's separate evaluation, see CoinPulse's SingularV rating and evidence and the Morpho & Euler curator ratings.