Hakutora USDT
Morpho · Mainnet
Frequently Asked Questions
What is the current APY for Hakutora USDT?
The current spot APY for Hakutora USDT on Morpho (Mainnet) is 2.14%. The 30-day average APY is 2.89%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Hakutora USDT?
The total value locked (TVL) in Hakutora USDT is $6.8M. TVL measures the total USDT assets currently deposited in this vault.
Does the Hakutora USDT yield include token rewards?
No. Earnbase tracks on-chain APY only, derived from the vault's exchange rate changes over time. External incentives, token rewards, points programs, and liquidity mining bonuses are not included in the reported APY.
Which network is Hakutora USDT deployed on?
Hakutora USDT is deployed on Mainnet. Network choice affects transaction costs, settlement speed, and which protocols are available. On-chain APY figures on Earnbase are calculated from exchange rate data on Mainnet directly.
Compare with Other USDT Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| DeltaUSD | Lagoon | Mainnet | 11.57% | $902.1K |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 8.75% | $862.7K |
| DAMM Stablecoin Fund | Lagoon | Arbitrum | 6.90% | $1.5M |
| Lend | Flux Finance | Mainnet | 4.44% | $1.9M |
| Lend | Fluid | Mainnet | 4.30% | $117.8M |
| Derivatives Pool | IPOR Fusion | Mainnet | 3.93% | $106.1K |
| K3 Leveraged syrupUSDT Strategy | IPOR Fusion | Mainnet | 3.36% | $15.7K |
| USDT Lite | Morpho | Mainnet | 3.25% | $26.4K |
| Smokehouse USDT | Morpho | Mainnet | 3.13% | $25.5M |
| Lending Optimizer | IPOR Fusion | Mainnet | 2.95% | $165.8K |
More Morpho Strategies
Hakutora USDT
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Yield Overview
Hakutora USDT is a USDT yield strategy on Morpho (Mainnet). It currently generates 2.14% APY (24h) with a 30-day average of 2.89%. The vault holds $6.8M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Morpho · Mainnet
Market Benchmarking
Within the USDT ecosystem, this product ranks #19 out of 25 strategies. Its 2.14% yield is 31.2% lower than the market average of 3.11%.
How Hakutora USDT Compares
Hakutora USDT currently ranks #19 among 25 monitored USDT strategies. However, with a TVL of $6.8M, it holds significantly less capital than higher-TVL alternatives like USDT ($89.4M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 28.4% lower than the network average for USDT strategies. Within Morpho, it competes against 8 other USDT strategies. By TVL, this product ranks #7 of 22 USDT strategies on Mainnet.
About Morpho
Morpho is a decentralized lending protocol that enables the creation of isolated lending markets and curated vaults. Earnbase tracks 9 strategies on Morpho.
USDT on Mainnet#16 of 22
Yield Sustainability
Yield is 25.8% below the monthly average.
Yield Trajectory
Hakutora USDT has been on a 5-day flat streak, with APY rising from 2.13% to 2.13% over this period. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have declined by 17.9%. The strongest 7-day period was Jun 05–Jun 11 averaging 4.97%, while the weakest was Jun 26–Jul 02 at 2.12%. Current 24h APY of 2.14% is 38.4% below the product's own 30-day average.
Weekly yields have declined for 3 consecutive weeks. The most recent 7-day average stands at 2.12%.
Weekly Breakdown
Historical APY Statistics
Over the past 204 days, Hakutora USDT's yield has shown a upward trend, with yields expanding from 2.83% to 3.09%, a 9.1% increase. The sustainability score of 69/100 aligns with moderate yield variability.
Historical TVL Statistics
Over the past 204 days, Hakutora USDT's total value locked has experienced a growth phase, growing from $4.6M to $8.1M, a 74.6% increase.
History
FAQ
Yield & Performance
Hakutora USDT on Morpho offers a 24-hour APY of 2.14%, a 30-day average of 2.89% on USDT. Yields are variable and update daily based on protocol activity.
Hakutora USDT ranks #19 out of 25 monitored USDT strategies. Its current yield of 2.14% is 31.2% below the market average of 3.11%.
Earnbase rates the yield sustainability of Hakutora USDT at 69/100, classified as "Moderate". Yield is 25.8% below the monthly average.
Over the past 204 days, Hakutora USDT has shown an upward yield trajectory. The average APY moved from 2.83% to 3.09%.
Hakutora USDT has a yield volatility rating of "Moderate" (standard deviation: 1.20pp over 204 days). The APY has ranged from 1.37% to 8.73% in the tracked period, with an average of 2.98%.
Liquidity & TVL
Hakutora USDT currently has a total value locked (TVL) of $6.8M in USDT deposits.
Hakutora USDT holds $6.8M in USDT deposits. Across all 25 tracked USDT strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $6.8M places it within the broader spectrum of USDT opportunities tracked on Earnbase.
By total value locked, Hakutora USDT ranks #7 of 22 USDT strategies on Mainnet. It currently holds $6.8M.
Hakutora USDT's TVL is currently on an upward trajectory. Over the past 204 days, TVL moved from $4.6M to $8.1M, a +74.6% change. The 30-day high was $12.6M and the 30-day low was $2.9M.
Despite rising yields, capital has been flowing out. This may indicate concerns about sustainability or broader market rotation. In general, rising TVL in a lending vault can compress yields as more capital competes for the same borrow demand.
Over the past 30 days, Hakutora USDT had 15 days of inflows and 14 days of outflows. The largest single-day inflow was +$5.2M (Jun 11, 2026) and the largest outflow was -$5.1M (Jun 20, 2026). Net 30-day TVL change: -10.0%.
Strategy & Access
Hakutora USDT operates on the Mainnet network and is managed by Morpho. It accepts USDT deposits.
To deposit into Hakutora USDT, you need USDT tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
Hakutora USDT ranks among 22 monitored USDT strategies on Mainnet. Its yield of 2.14% is 28.4% below the Mainnet average of 2.99%.
Hakutora USDT is deployed on Morpho's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Morpho is the DeFi protocol infrastructure that Hakutora USDT operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Mainnet network.
For illustrative purposes only. Based on the current 2.14% on-chain APY for USDT. Does not include external incentives. Past performance does not guarantee future results. Actual returns may vary.
This page provides informational data aggregated from on-chain sources and is not financial advice. Always verify data directly with Morpho before depositing.
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