UltraYield USDT Core on Ethereum
V2A Morpho V2 vault on Ethereum that lends out USDT deposits, curated by UltraYield. 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
3.12%
7-day 4.24%, from the share price
Deposits
$102K
101.70K USDT
Withdrawable now
$6.00
<0.01% of deposits
Performance fee
0%
of the interest earned
Depositors
7
largest holds 99.8%
UltraYield USDT Core 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 |
|---|---|---|
| WBTC / USDTLLTV 86% | $70.0K | 69.0% |
| wstETH / USDTLLTV 86% | $31.5K | 31.0% |
| Idle cashnot lent out | $6.00 | <0.01% |
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
| WBTC | 69.0% |
|---|---|
| wstETH | 31.0% |
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 | 3.12% |
| Last 90 days | 2.93% |
Who controls this vault
| Curator | UltraYield |
|---|---|
| Owner | 0x1280…594a1-of-5 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 | April 27, 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 | 0x85F3…282f |
| USDT token | 0xdAC1…1ec7 |
| Network | Ethereum |
The curator's description: "The UltraYield USDT Core vault curated by the UltraYield team provides diversified exposure to various Morpho markets by lending USDT to achieve an optimized risk-adjusted return."
Largest depositors
7 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xfA25…2A49 | $101K | 99.8% |
| 0x0000…dEaD | $2.00 | <0.01% |
| 0x8AE9…a24a | $0 | 0.0% |
| 0x2290…80D2 | $0 | 0.0% |
| 0xf200…b96B | $0 | 0.0% |
| 0x46DB…35cF | $0 | 0.0% |
| 0x0000…8A90 | $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 UltraYield USDT Core
UltraYield USDT Core is a Morpho V2 vault on Ethereum, created on April 27, 2026. It takes USDT deposits and lends them to borrowers in 2 Morpho markets. The curator, UltraYield, decides which markets it may use and how much can go into each.
It holds $102K (101.70K USDT) from 7 depositors and pays a net APY of 3.00% after its 0% performance fee. Over the last 30 days depositors actually earned 3.12% a year.
Its largest position is WBTC / USDT at 69% of its deposits, followed by wstETH / USDT (31%). Counting every market, its loans are backed mainly by WBTC (69%) and wstETH (31%). <0.01% 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 1-of-5 multisig wallet. Morpho's app shows no warnings for this vault.
UltraYield USDT Core: quick answers
What is the APY of UltraYield USDT Core on Ethereum?
UltraYield USDT Core pays 3.00% net APY right now, after its fees. Measured from the growth of its share price, it paid 3.12% over the last 30 days. The rate changes every day with what its borrowers pay.
What does UltraYield USDT Core lend against?
It lends USDT through 2 Morpho markets. The biggest is WBTC / USDT with 69% of its deposits. Overall its loans are backed mainly by WBTC (69%) and wstETH (31%).
Can I withdraw from UltraYield USDT Core right now?
About $6.00 of its $102K in deposits (<0.01%) 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 UltraYield USDT Core and what does it charge?
UltraYield 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 UltraYield USDT Core?
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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