Thanks for raising this, @Summer, and welcome to the community!
I agree that the current 1% fee on the EURC vault feels disproportionately high given its historical APY of 3–4%. Compared to other vaults like USDC or ETH, which have higher yields and lower fees (~0.3%), this could indeed disincentivize deposits and push users to alternatives like Morpho.
I can see a reduction to 0.5% as @chrisb pointed out as a reasonable starting point to maintain protocol revenue while keeping the vault competitive. To follow the governance process, this proposal could be brought to an [RFC] stage.
Would love to hear more especially from @Recognized_Delegates, to align on this.