Keyrock Prime USDT on Ethereum
V2A Morpho V2 vault on Ethereum that lends out USDT deposits, curated by Keyrock. Depositors earn 0.52% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
0.52%
after fees, paid to depositors
30-day APY
0.69%
7-day 0.74%, from the share price
Deposits
$250
250.72 USDT
Withdrawable now
$201
80% of deposits
Performance fee
10%
of the interest earned
Depositors
5
largest holds 99.6%
Keyrock Prime USDT APY history
Net APY earned each day, from the vault's share price: after fees, without token rewards
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| sUSDS / USDTLLTV 96.5% | $49.00 | 19.6% |
| Idle cashnot lent out | $201 | 80.4% |
The curator decides which markets the vault may use and how much it may put in each (the cap). Allocators then move money between those markets within the caps. How vaults work.
What the loans are backed by
Share of this vault's lending by the collateral borrowers put up
| sUSDS | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 0.52% |
|---|---|
| Last 7 days | 0.74% |
| Last 30 days | 0.69% |
| Last 90 days | 2.61% |
Who controls this vault
| Curator | Keyrock |
|---|---|
| Owner | 0xbA75…83Fd |
| Timelock to raise a cap | 3 dayswait before more can go into a market |
| Timelock to add an adapter | 3 dayswait before a new kind of investment |
| Timelock to raise fees | None |
| Allocators | 1addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | June 7, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDTprice $0.9990 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.58% |
| Vault contract | 0xE9BE…a73f |
| USDT token | 0xdAC1…1ec7 |
| Network | Ethereum |
The curator's description: "Keyrock Prime USDT dynamically deploys capital against blue chip pairs to maximize yield and optimize USDT holdings."
Largest depositors
5 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xbA75…83Fd | $249 | 99.6% |
| 0x0000…dEaD | $1.00 | 0.4% |
| 0xf200…b96B | $0 | 0.0% |
| 0x0000…8A90 | $0 | 0.0% |
| 0x2Fe5…A702 | $0 | 0.0% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Keyrock Prime USDT
Keyrock Prime USDT is a Morpho V2 vault on Ethereum, created on June 7, 2026. It takes USDT deposits and lends them to borrowers in 1 Morpho market. The curator, Keyrock, decides which markets it may use and how much can go into each.
It holds $250 (250.72 USDT) from 5 depositors and pays a net APY of 0.52% after its 10% performance fee. Over the last 30 days depositors actually earned 0.69% a year.
Its largest position is sUSDS / USDT at 20% of its deposits. 80% sits idle, not lent out. Counting every market, its loans are backed mainly by sUSDS (100%). 80% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 3 days, which gives depositors time to leave first. Morpho's app shows no warnings for this vault.
Keyrock Prime USDT: quick answers
What is the APY of Keyrock Prime USDT on Ethereum?
Keyrock Prime USDT pays 0.52% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.69% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Keyrock Prime USDT lend against?
It lends USDT through 1 Morpho market. The biggest is sUSDS / USDT with 20% of its deposits. 80% sits idle. Overall its loans are backed mainly by sUSDS (100%).
Can I withdraw from Keyrock Prime USDT right now?
About $201 of its $250 in deposits (80%) could be withdrawn immediately. The rest is lent out and frees up as borrowers repay or as higher rates bring in new lenders.
Who runs Keyrock Prime USDT and what does it charge?
Keyrock curates it. It keeps 10% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Keyrock Prime USDT?
Like every Morpho vault, it can lose money if a borrower's collateral crashes faster than it can be liquidated, if a price oracle fails, or through a smart contract bug. Withdrawals can wait when its markets are fully borrowed. Adding a market or raising a cap waits behind a timelock of 3 days. This is not advice.
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