sky.money USDT Risk CapitalV2
A Morpho V2 vault on Ethereum that lends out USDT deposits, curated by Sky Money. Depositors earn 2.03% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
2.03%
after fees, paid to depositors
30-day APY
4.04%
7-day 2.36%
Deposits
$312K
311.77K USDT
Withdrawable now
$79.2K
25% of deposits
Performance fee
0%
of the interest earned
Depositors
27
largest holds 44.7%
sky.money USDT Risk Capital APY history
Net APY earned each day, measured from the vault's share price
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| stUSDS / USDTLLTV 86% | $312K | 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
| stUSDS | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 2.74% |
|---|---|
| Last 7 days | 2.36% |
| Last 30 days | 4.04% |
| Since the vault started | 26817.21% |
Who controls this vault
| Curator | Sky Money |
|---|---|
| Owner | 0x3F32…1Bba2-of-3 multisig |
| 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 | February 21, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDTprice $0.9998 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 2.03% |
| Vault contract | 0x2bD3…0E3d |
| USDT token | 0xdAC1…1ec7 |
| Network | Ethereum |
The curator's description: "sky.money USDT Risk Capital vault accepts USDT deposits and deploys them exclusively into an stUSDS-USDT Morpho market."
Largest depositors
27 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x61b4…f422 | $139K | 44.7% |
| 0x057a…3aF9 | $136K | 43.6% |
| 0x4F69…bF9B | $10.2K | 3.3% |
| 0x5a52…7dDf | $8.3K | 2.7% |
| 0x5A55…8711 | $5.2K | 1.7% |
| 0x244f…5503 | $5.1K | 1.6% |
| 0x7c76…EF69 | $3.5K | 1.1% |
| 0xb0e3…8203 | $3.0K | 1.0% |
| 0xB657…5F7E | $510 | 0.2% |
| 0x8eD4…Be6D | $307 | 0.1% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About sky.money USDT Risk Capital
sky.money USDT Risk Capital is a Morpho V2 vault on Ethereum, created on February 21, 2026. It takes USDT deposits and lends them to borrowers in 1 Morpho market. The curator, Sky Money, decides which markets it may use and how much can go into each.
It holds $312K (311.77K USDT) from 27 depositors and pays a net APY of 2.03% after its 0% performance fee. Over the last 30 days depositors actually earned 4.04% a year.
Its largest position is stUSDS / USDT at 100% of what it lends. Counting every market, its loans are backed mainly by stUSDS (100%). 25% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 3-day timelock on raising caps, which gives depositors time to leave first. The owner is a 2-of-3 multisig wallet. Morpho's app shows no warnings for this vault.
sky.money USDT Risk Capital: quick answers
What is the APY of sky.money USDT Risk Capital on Ethereum?
sky.money USDT Risk Capital pays 2.03% net APY right now, after its fees. Measured from the growth of its share price, it paid 4.04% over the last 30 days. The rate changes every day with what its borrowers pay.
What does sky.money USDT Risk Capital lend against?
It lends USDT through 1 Morpho market. The biggest is stUSDS / USDT with 100% of its lending. Overall its loans are backed mainly by stUSDS (100%).
Can I withdraw from sky.money USDT Risk Capital right now?
About $79.2K of its $312K in deposits (25%) 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 sky.money USDT Risk Capital and what does it charge?
Sky Money 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 sky.money USDT Risk Capital?
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. Changes to it wait behind a 3-day timelock on raising caps. This is not advice.
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