Yearn KAT on Katana
V2A Morpho V2 vault on Katana that lends out KAT deposits, curated by Yearn. Depositors earn 3.54% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
3.54%
after fees, paid to depositors
30-day APY
5.21%
7-day 4.07%, from the share price
Deposits
$353K
110.15M KAT
Withdrawable now
$90.4K
26% of deposits
Performance fee
0%
of the interest earned
Depositors
76
largest holds 89.0%
Yearn KAT 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 |
|---|---|---|
| avKAT / KATLLTV 77% | $412K | 89.9% |
| Idle cashnot lent out | $46.2K | 10.1% |
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
| avKAT | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 3.57% |
|---|---|
| Last 7 days | 4.07% |
| Last 30 days | 5.21% |
| Last 90 days | 3.12% |
Who controls this vault
| Curator | Yearn |
|---|---|
| Owner | 0x518C…01494-of-7 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 | 4addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Created | March 19, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | KATprice $0.0032 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 3.54% |
| Vault contract | 0x9b1a…b8CC |
| KAT token | 0x7F1f…DC2d |
| Network | Katana |
The curator's description: "Yearn KAT vault lends to Katana specific markets. Optimization across markets is handled automatically via an algorithm developed by Yearn. Supply caps are set based on various factors and continuously monitored by the Yearn team as well."
Largest depositors
76 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xc3EE…Ce77 | $314K | 89.0% |
| 0x75e4…0B44 | $141K | 40.1% |
| 0xA8EF…E876 | $1.2K | 0.3% |
| 0xb3db…9aa9 | $940 | 0.3% |
| 0x5dd9…1929 | $934 | 0.3% |
| 0xD6c2…74e1 | $851 | 0.2% |
| 0xf06c…0E07 | $491 | 0.1% |
| 0xbE19…f34e | $479 | 0.1% |
| 0xe490…Bc34 | $171 | 0.0% |
| 0xCb61…9cFA | $155 | 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 Yearn KAT
Yearn KAT is a Morpho V2 vault on Katana, created on March 19, 2026. It takes KAT deposits and lends them to borrowers in 1 Morpho market. The curator, Yearn, decides which markets it may use and how much can go into each.
It holds $353K (110.15M KAT) from 76 depositors and pays a net APY of 3.54% after its 0% performance fee. Over the last 30 days depositors actually earned 5.21% a year.
Its largest position is avKAT / KAT at 90% of its deposits. 10% sits idle, not lent out. Counting every market, its loans are backed mainly by avKAT (100%). 26% 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 4-of-7 multisig wallet. Morpho's app shows no warnings for this vault.
Yearn KAT: quick answers
What is the APY of Yearn KAT on Katana?
Yearn KAT pays 3.54% net APY right now, after its fees. Measured from the growth of its share price, it paid 5.21% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Yearn KAT lend against?
It lends KAT through 1 Morpho market. The biggest is avKAT / KAT with 90% of its deposits. 10% sits idle. Overall its loans are backed mainly by avKAT (100%).
Can I withdraw from Yearn KAT right now?
About $90.4K of its $353K in deposits (26%) 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 Yearn KAT and what does it charge?
Yearn 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 Yearn KAT?
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.
