Yearn OG USDT on Katana
⚠ Deposits switched offA Morpho vault on Katana that lends out vbUSDT deposits, curated by Yearn. Depositors earn 0.00% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
0.00%
after fees, paid to depositors
30-day APY
1.97%
7-day 0.00%, from the share price
Deposits
$131
131.25 vbUSDT
Withdrawable now
$131
100% of deposits
Performance fee
10%
of the interest earned
Depositors
32
largest holds 77.9%
Warnings from Morpho
- Deposits switched off
Morpho's app flags these. Check the bad debt page and the markets below before depositing.
Yearn OG 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% | $203 | 86.4% |
| weETH / vbUSDTLLTV 77% | $32.00 | 13.6% |
| Idle cashnot lent out | $0 | 0.0% |
| vbETH / vbUSDTLLTV 86% | $0 | 0.0% |
| vbWBTC / vbUSDTLLTV 86% | $0 | 0.0% |
| weETH / vbUSDTLLTV 86% | $0 | 0.0% |
| KAT / vbUSDTLLTV 62.5% · under $1,000, not tracked here | $0 | 0.0% |
| avKAT / vbUSDTLLTV 62.5% | $0 | 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.
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 0.00% |
|---|---|
| Last 7 days | 0.00% |
| Last 30 days | 1.97% |
| Last 90 days | 3.24% |
| Last year | 2.73% |
Who controls this vault
| Curator | Yearn |
|---|---|
| Owner | 0x518C…01494-of-7 multisig |
| Guardian | 0xe6ad…7162 |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 4addresses that move money between markets |
| Created | June 30, 2025 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | vbUSDTprice $0.9992 |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 0.00% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x8ED6…1d47 |
| vbUSDT token | 0x2DCa…D2F2 |
| Network | Katana |
The curator's description: "Yearn OG vaults lend underlying assets to markets labeled as moderate risk (-2) by the Yearn team. 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
32 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x97eb…D2b6 | $102 | 77.9% |
| 0xd4a9…A793 | $83.00 | 63.4% |
| 0xc81F…097d | $20.00 | 15.3% |
| 0x9AB8…c7E2 | $12.00 | 9.2% |
| 0xc82d…C512 | $4.00 | 3.1% |
| 0x156C…8D9C | $4.00 | 3.1% |
| 0xDd7e…BA2D | $3.00 | 2.3% |
| 0xc492…8A0c | $2.00 | 1.5% |
| 0xf0a3…1277 | $2.00 | 1.5% |
| 0x85b3…51F2 | $1.00 | 0.8% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Yearn OG USDT
Yearn OG USDT is a MetaMorpho vault (Morpho V1) on Katana, created on June 30, 2025. It takes vbUSDT deposits and lends them to borrowers in 2 Morpho markets. The curator, Yearn, decides which markets it may use and how much can go into each.
It holds $131 (131.25 vbUSDT) from 32 depositors and pays a net APY of 0.00% after its 10% performance fee. Over the last 30 days depositors actually earned 1.97% a year, and 2.73% over the last year.
Its largest position is yvvbUSDC / vbUSDT at 86% of its deposits, followed by weETH / vbUSDT (14%). 100% 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 a warning for this vault: deposits switched off.
Yearn OG USDT: quick answers
What is the APY of Yearn OG USDT on Katana?
Yearn OG USDT pays 0.00% net APY right now, after its fees. Measured from the growth of its share price, it paid 1.97% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Yearn OG USDT lend against?
It lends vbUSDT through 2 Morpho markets. The biggest is yvvbUSDC / vbUSDT with 86% of its deposits.
Can I withdraw from Yearn OG USDT right now?
Yes: all of its $131 in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed vbUSDT left. That can change quickly when borrowing picks up.
Who runs Yearn OG USDT and what does it charge?
Yearn curates it. It keeps 10% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Yearn OG 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. Morpho's app flags: deposits switched off. 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% |
