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Morpho Watch

Hyperithm USDT CoreV2

A Morpho V2 vault on Stable that lends out USDT0 deposits, curated by Hyperithm. 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

<0.01%

7-day <0.01%

Deposits

$1.00

1.02 USDT0

Withdrawable now

$1.00

100% of deposits

Performance fee

0%

of the interest earned

Depositors

5

largest holds 100.0%

Earnings calculator

Hyperithm USDT Core APY history

Net APY earned each day, measured from the vault's share price

Deposits over time

Where the money goes

The markets this vault lends to right now, largest first

MarketLentShareSupply APYUtilizationCap
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.

Who controls this vault

CuratorHyperithm
Owner0xEe7E…18C82-of-3 multisig
Timelock to raise a cap3 dayswait before more can go into a market
Timelock to add an adapter3 dayswait before a new kind of investment
Timelock to raise feesNone
Allocators1addresses that move money between markets
Sentinels0can pull money back or cut caps in an emergency
CreatedApril 7, 2026

Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.

Details

Deposit assetUSDT0price $0.9997
Vault versionMorpho Vault V2
APY before fees0.00%
Vault contract0x461e…9293
USDT0 token0x779D…3736
NetworkStable

The curator's description: "This vault is focused on optimizing and expanding Defi opportunities on Stable network."

Largest depositors

5 addresses hold shares in this vault

AddressDepositShare of vault
0x0000…dEaD$1.00100.0%
0xb313…DeaD$00.0%
0xCCE1…a28e$00.0%
0xaa23…8A3C$00.0%
0x9c57…Fa52$00.0%

When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.

About Hyperithm USDT Core

Hyperithm USDT Core is a Morpho V2 vault on Stable, created on April 7, 2026. It takes USDT0 deposits and lends them to borrowers in 0 Morpho markets. The curator, Hyperithm, decides which markets it may use and how much can go into each.

It holds $1.00 (1.02 USDT0) from 5 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 3-day timelock on raising caps, which gives depositors time to leave first. The owner is a 2-of-3 multisig wallet. Morpho's app shows no warnings for this vault.

Hyperithm USDT Core: quick answers

What is the APY of Hyperithm USDT Core on Stable?

Hyperithm USDT Core 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 Hyperithm USDT Core right now?

Yes: all of its $1.00 in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed USDT0 left. That can change quickly when borrowing picks up.

Who runs Hyperithm USDT Core and what does it charge?

Hyperithm 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 Hyperithm 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. Changes to it wait behind a 3-day timelock on raising caps. This is not advice.

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The same deposit asset, other curators and networks

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