Clearstar Core USDT on Katana
V2A Morpho V2 vault on Katana that lends out vbUSDT deposits, curated by Clearstar. Depositors earn 3.97% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
3.97%
after fees, paid to depositors
30-day APY
3.57%
7-day 3.87%, from the share price
Deposits
$62.5K
62.52K vbUSDT
Withdrawable now
$10.00
0% of deposits
Performance fee
0%
of the interest earned
Depositors
11
largest holds 99.1%
Clearstar Core 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 |
|---|---|---|
| yvvbUSDC / vbUSDTLLTV 86% | $48.5K | 67.0% |
| FXRP / vbUSDTLLTV 77% | $21.6K | 29.9% |
| weETH / vbUSDTLLTV 86% | $1.9K | 2.7% |
| vbETH / vbUSDTLLTV 86% | $282 | 0.4% |
| vbWBTC / vbUSDTLLTV 86% | $34.00 | 0.0% |
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
| yvvbUSDC | 62.5% |
|---|---|
| FXRP | 37.2% |
| vbWBTC | 0.3% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 3.96% |
|---|---|
| Last 7 days | 3.87% |
| Last 30 days | 3.57% |
| Last 90 days | 4.14% |
Who controls this vault
| Curator | Clearstar |
|---|---|
| Owner | 0xb3CF…2B443-of-6 multisig |
| Timelock to raise a cap | 3 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 | 0can pull money back or cut caps in an emergency |
| Created | July 10, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | vbUSDTprice $0.9992 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 3.97% |
| Vault contract | 0xb3C6…ADF6 |
| vbUSDT token | 0x2DCa…D2F2 |
| Network | Katana |
The curator's description: "The Clearstar Reactor USDT Vault will list a selection of liquid collateral markets and allocate across them to optimize risk-adjusted yield."
Largest depositors
11 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xC616…5a33 | $61.9K | 99.1% |
| 0xEDb7…374B | $10.0K | 16.0% |
| 0xFf24…F859 | $170 | 0.3% |
| 0x0E0c…407d | $118 | 0.2% |
| 0x28F6…8903 | $74.00 | 0.1% |
| 0x4FfD…3994 | $53.00 | 0.1% |
| 0x6506…7A23 | $51.00 | 0.1% |
| 0x0000…dEaD | $1.00 | <0.01% |
| 0x0b02…4046 | $0 | 0.0% |
| 0xF46c…030a | $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 Clearstar Core USDT
Clearstar Core USDT is a Morpho V2 vault on Katana, created on July 10, 2026. It takes vbUSDT deposits and lends them to borrowers in 5 Morpho markets. The curator, Clearstar, decides which markets it may use and how much can go into each.
It holds $62.5K (62.52K vbUSDT) from 11 depositors and pays a net APY of 3.97% after its 0% performance fee. Over the last 30 days depositors actually earned 3.57% a year.
Its largest position is yvvbUSDC / vbUSDT at 67% of its deposits, followed by FXRP / vbUSDT (30%) and weETH / vbUSDT (3%). Counting every market, its loans are backed mainly by yvvbUSDC (63%) and FXRP (37%). 0% 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 3-of-6 multisig wallet. Morpho's app shows no warnings for this vault.
Clearstar Core USDT: quick answers
What is the APY of Clearstar Core USDT on Katana?
Clearstar Core USDT pays 3.97% net APY right now, after its fees. Measured from the growth of its share price, it paid 3.57% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Clearstar Core USDT lend against?
It lends vbUSDT through 5 Morpho markets. The biggest is yvvbUSDC / vbUSDT with 67% of its deposits. Overall its loans are backed mainly by yvvbUSDC (63%) and FXRP (37%).
Can I withdraw from Clearstar Core USDT right now?
About $10.00 of its $62.5K in deposits (0%) 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 Clearstar Core USDT and what does it charge?
Clearstar 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 Clearstar Core 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.
Other vbUSDT vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Yearn OG USDTV2Yearn · Katana · $1.22M | 2.50% |
| Gauntlet USDT⚠ Deposits switched offGauntlet · Katana · $108K | 0.00% |
