sky.money USDT Savings on Ethereum
V2A Morpho V2 vault on Ethereum that lends out USDT deposits, curated by Sky Money. Depositors earn 3.86% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
3.86%
incl. 0.72% in rewards
30-day APY
2.85%
7-day 3.17%, from the share price
Deposits
$54.01M
54.07M USDT
Withdrawable now
$5.38M
10% of deposits
Performance fee
0%
of the interest earned
Depositors
207
largest holds 79.3%
sky.money USDT Savings 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% | $59.37M | 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
| sUSDS | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 2.97% |
|---|---|
| Last 7 days | 3.17% |
| Last 30 days | 2.85% |
| Last 90 days | 2.85% |
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 | 2addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | March 2, 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 | 3.15% |
| Rewards | USDT 0.72% |
| Vault contract | 0x23f5…1e11 |
| USDT token | 0xdAC1…1ec7 |
| Network | Ethereum |
The curator's description: "sky.money USDT Savings vault accepts USDT deposits and deploys them exclusively into an sUSDS-USDT Morpho market."
Largest depositors
207 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xb11c…940d | $42.80M | 79.3% |
| 0xD00e…a5Fc | $3.14M | 5.8% |
| 0xe7DC…8AB1 | $2.43M | 4.5% |
| 0xA874…2756 | $1.29M | 2.4% |
| 0x59f6…0361 | $1.02M | 1.9% |
| 0xFC6F…Fc42 | $1.00M | 1.9% |
| 0x2fc3…0506 | $800K | 1.5% |
| 0x675C…474D | $750K | 1.4% |
| 0x58B8…44F1 | $501K | 0.9% |
| 0xdf2C…a9f7 | $500K | 0.9% |
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 Savings
sky.money USDT Savings is a Morpho V2 vault on Ethereum, created on March 2, 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 $54.01M (54.07M USDT) from 207 depositors and pays a net APY of 3.86% after its 0% performance fee. Over the last 30 days depositors actually earned 2.85% a year. About 0.72% of today's rate comes from USDT rewards, which can stop at any time.
Its largest position is sUSDS / USDT at 100% of its deposits. Counting every market, its loans are backed mainly by sUSDS (100%). 10% 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. The owner is a 2-of-3 multisig wallet. Morpho's app shows no warnings for this vault.
sky.money USDT Savings: quick answers
What is the APY of sky.money USDT Savings on Ethereum?
sky.money USDT Savings pays 3.86% net APY right now, after its fees and including 0.72% of rewards. Measured from the growth of its share price, it paid 2.85% over the last 30 days. The rate changes every day with what its borrowers pay.
What does sky.money USDT Savings lend against?
It lends USDT through 1 Morpho market. The biggest is sUSDS / USDT with 100% of its deposits. Overall its loans are backed mainly by sUSDS (100%).
Can I withdraw from sky.money USDT Savings right now?
About $5.38M of its $54.01M in deposits (10%) 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 Savings 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 Savings?
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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