Dialectic USDT0V2
A Morpho V2 vault on OP Mainnet that lends out USD₮0 deposits, curated by Dialectic Meccanico. Depositors earn 0.00% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
0.00%
after fees, paid to depositors
30-day APY
0.00%
7-day 0.00%
Deposits
$1.00
1.00 USD₮0
Withdrawable now
$1.00
100% of deposits
Performance fee
0%
of the interest earned
Depositors
1
largest holds 100.0%
Dialectic USDT0 APY history
Net APY earned each day, measured from the vault's share price
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share | |||
|---|---|---|---|---|---|
| This vault is not lending anything right now. | |||||
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
| Other | – |
|---|
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 0.00% |
|---|---|
| Last 7 days | 0.00% |
| Last 30 days | 0.00% |
| Since the vault started | 0.00% |
Who controls this vault
| Curator | Dialectic Meccanico |
|---|---|
| Owner | 0x4BE1…a4944-of-5 multisig |
| Timelock to raise a cap | 7 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 | 2can pull money back or cut caps in an emergency |
| Created | September 21, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USD₮0price $0.9997 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 0.00% |
| Vault contract | 0x6a91…703e |
| USD₮0 token | 0x01bF…1071 |
| Network | OP Mainnet |
The curator's description: "Dialectic USDT0 vault lending against WBTC and wstETH"
Largest depositors
1 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x0000…dEaD | $1.00 | 100.0% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Dialectic USDT0
Dialectic USDT0 is a Morpho V2 vault on OP Mainnet, created on September 21, 2026. It takes USD₮0 deposits and lends them to borrowers in 0 Morpho markets. The curator, Dialectic Meccanico, decides which markets it may use and how much can go into each.
It holds $1.00 (1.00 USD₮0) from 1 depositors and pays a net APY of 0.00% after its 0% performance fee. Over the last 30 days depositors actually earned 0.00% a year.
Risky changes, such as adding a market, wait behind a 7-day timelock on raising caps, which gives depositors time to leave first. The owner is a 4-of-5 multisig wallet. Morpho's app shows no warnings for this vault.
Dialectic USDT0: quick answers
What is the APY of Dialectic USDT0 on OP Mainnet?
Dialectic USDT0 pays 0.00% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.00% over the last 30 days. The rate changes every day with what its borrowers pay.
Can I withdraw from Dialectic USDT0 right now?
Yes: all of its $1.00 in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed USD₮0 left. That can change quickly when borrowing picks up.
Who runs Dialectic USDT0 and what does it charge?
Dialectic Meccanico 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 Dialectic USDT0?
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. Changes to it wait behind a 7-day timelock on raising caps. This is not advice.
Other USD₮0 vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Felix USDT0 V2V2Felix · HyperEVM · $4.07M | 13.63% |
| Felix USDT0Felix · HyperEVM · $3.23M | 13.69% |
| Gauntlet USDT0 VaultGauntlet · HyperEVM · $317K | 13.59% |
| Felix USDT0 (Frontier)Felix · HyperEVM · $278K | 13.76% |