SharpByte USDT Prime on Ethereum
V2A Morpho V2 vault on Ethereum that lends out USDT deposits, curated by SharpByte. Depositors earn 3.00% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
3.00%
after fees, paid to depositors
30-day APY
3.94%
7-day 4.24%, from the share price
Deposits
$100K
100.29K USDT
Withdrawable now
$100K
100% of deposits
Performance fee
0%
of the interest earned
Depositors
6
largest holds 99.8%
SharpByte USDT Prime 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 |
|---|---|---|
| wstETH / USDTLLTV 86% | $100K | 100.0% |
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
| wstETH | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 3.00% |
|---|---|
| Last 7 days | 4.24% |
| Last 30 days | 3.94% |
| Last 90 days | 4.16% |
Who controls this vault
| Curator | SharpByte |
|---|---|
| Owner | 0x07A1…3d71 |
| Timelock to raise a cap | 7 dayswait before more can go into a market |
| Timelock to add an adapter | 7 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 |
| Pending changes | 2IncreaseRelativeCap from October 23, 2026; IncreaseAbsoluteCap from October 23, 2026 |
| Created | July 3, 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 | 3.00% |
| Vault contract | 0x65a6…909B |
| USDT token | 0xdAC1…1ec7 |
| Network | Ethereum |
The curator's description: "SharpByte Prime vault provides risk-adjusted returns by lending USDT against established blue-chip crypto and RWA collateral markets with proper risk management and disclosures."
Largest depositors
6 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xE106…0Be5 | $100K | 99.8% |
| 0x236c…6111 | $25.00 | 0.0% |
| 0x1BEF…Cf2b | $2.00 | <0.01% |
| 0xE438…3b6f | $2.00 | <0.01% |
| 0x0000…dEaD | $1.00 | <0.01% |
| 0x8813…eD84 | $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 SharpByte USDT Prime
SharpByte USDT Prime is a Morpho V2 vault on Ethereum, created on July 3, 2026. It takes USDT deposits and lends them to borrowers in 1 Morpho market. The curator, SharpByte, decides which markets it may use and how much can go into each.
It holds $100K (100.29K USDT) from 6 depositors and pays a net APY of 3.00% after its 0% performance fee. Over the last 30 days depositors actually earned 3.94% a year.
Its largest position is wstETH / USDT at 100% of its deposits. Counting every market, its loans are backed mainly by wstETH (100%). 100% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 7 days, which gives depositors time to leave first. Morpho's app shows no warnings for this vault.
SharpByte USDT Prime: quick answers
What is the APY of SharpByte USDT Prime on Ethereum?
SharpByte USDT Prime pays 3.00% net APY right now, after its fees. Measured from the growth of its share price, it paid 3.94% over the last 30 days. The rate changes every day with what its borrowers pay.
What does SharpByte USDT Prime lend against?
It lends USDT through 1 Morpho market. The biggest is wstETH / USDT with 100% of its deposits. Overall its loans are backed mainly by wstETH (100%).
Can I withdraw from SharpByte USDT Prime right now?
Yes: all of its $100K in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed USDT left. That can change quickly when borrowing picks up.
Who runs SharpByte USDT Prime and what does it charge?
SharpByte curates it. It keeps 0% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of SharpByte USDT Prime?
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 7 days. This is not advice.
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