USDT Lite
Morpho · Curated by Steakhouse · Mainnet
Frequently Asked Questions
What is the current APY for USDT Lite?
The current spot APY for USDT Lite on Morpho (Mainnet) is 3.14%. The 30-day average APY is 3.12%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in USDT Lite?
The total value locked (TVL) in USDT Lite is $26.3K. TVL measures the total USDT assets currently deposited in this vault.
Does the USDT Lite 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.
Who curates USDT Lite?
USDT Lite is curated by Steakhouse. Curators set the risk parameters, asset allocations, and rebalancing strategy for the vault. They are responsible for selecting which lending markets or protocols receive deposits. You can view all strategies curated by Steakhouse on the Steakhouse curator page on Earnbase.
Compare with Other USDT Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| DeltaUSD | Lagoon | Mainnet | 14.40% | $658.3K |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 9.50% | $253.3K |
| K3 Leveraged syrupUSDT Strategy | IPOR Fusion | Mainnet | 6.24% | $579.4K |
| Lend | Flux Finance | Mainnet | 4.55% | $1.7M |
| Smokehouse USDT | Morpho | Mainnet | 4.03% | $39.4M |
| DAMM Stablecoin Fund | Lagoon | Arbitrum | 3.87% | $1.9M |
| Fluid Autocompounder | Harvest | Mainnet | 3.46% | $180.6K |
| Vault 1 | Yearn | Mainnet | 3.34% | $7.6M |
| USDT Prime V2 | Morpho | Ethereum | 3.28% | $503.0K |
| Clearstar Boring USDT | Morpho | Ethereum | 3.23% | $1.0K |
More Morpho Strategies
USDT Lite
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Yield Overview
USDT Lite is a USDT yield strategy on Morpho, curated by Steakhouse. It currently generates 3.14% APY (24h) with a 30-day average of 3.12%. The vault holds $26.3K in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Steakhouse · Mainnet
Market Benchmarking
Within the USDT ecosystem, this product ranks #11 out of 26 strategies. Its 3.14% yield is -0.01pp below the market average of 3.14%.
How USDT Lite Compares
USDT Lite currently ranks #11 among 26 monitored USDT strategies. However, with a TVL of $26.3K, it holds significantly less capital than higher-TVL alternatives like USDT Prime ($15.0M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 1.1% higher than the network average for USDT strategies. This strategy is curated by Steakhouse, with 17 Steakhouse strategies tracked on Earnbase across 4 networks. Within Morpho, it competes against 8 other USDT strategies. By TVL, this product ranks #22 of 23 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 105 strategies on Morpho.
USDT on Mainnet#8 of 23
Yield Sustainability
The 24h APY of 3.14% is nearly identical to the 30-day mean, with only a 0.5% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
USDT Lite has been on a 3-day upward streak, with APY rising from 2.56% to 3.08% 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 4.3%. The strongest 7-day period was Mar 14–Mar 20 averaging 3.82%, while the weakest was Mar 07–Mar 13 at 2.77%. Current 24h APY of 3.14% is 1.7% above the product's own 30-day average.
Weekly yields have declined for 2 consecutive weeks. The most recent 7-day average stands at 2.83%.
Weekly Breakdown
Historical APY Statistics
Over the past 121 days, USDT Lite's yield has shown a stable trend, with yields expanding from 3.05% to 3.08%, a 0.7% increase. The sustainability score of 99/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 121 days, USDT Lite's total value locked has experienced a contraction, declining from $381.0K to $26.3K, a 93.1% reduction.
History
FAQ
Yield & Performance
USDT Lite on Morpho offers a 24-hour APY of 3.14%, a 30-day average of 3.12% on USDT. Yields are variable and update daily based on protocol activity.
USDT Lite ranks #11 out of 26 monitored USDT strategies. Its current yield of 3.14% is 0.2% below the market average of 3.14%.
Earnbase rates the yield sustainability of USDT Lite at 99/100, classified as "Very Stable". The 24h APY of 3.14% is nearly identical to the 30-day mean, with only a 0.5% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 121 days, USDT Lite has shown a stable yield trajectory. The average APY moved from 3.05% to 3.08%.
USDT Lite has a yield volatility rating of "Moderate" (standard deviation: 0.96pp over 121 days). The APY has ranged from 1.61% to 7.63% in the tracked period, with an average of 3.02%.
Liquidity & TVL
USDT Lite currently has a total value locked (TVL) of $26.3K in USDT deposits.
USDT Lite holds $26.3K in USDT deposits. Across all 26 tracked USDT strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $26.3K places it within the broader spectrum of USDT opportunities tracked on Earnbase.
By total value locked, USDT Lite ranks #22 of 23 USDT strategies on Mainnet. It currently holds $26.3K.
USDT Lite's TVL is currently declining. Over the past 121 days, TVL moved from $381.0K to $26.3K, a -93.1% change. The 30-day high was $4.8M and the 30-day low was $26.1K.
Rising yields have attracted capital, with both APY and TVL trending upward over the past 30 days. 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, USDT Lite had 18 days of inflows and 7 days of outflows. The largest single-day inflow was +$22 (Apr 02, 2026) and the largest outflow was -$4 (Mar 27, 2026). Net 30-day TVL change: +0.2%.
Strategy & Access
USDT Lite operates on the Mainnet network and is managed by Morpho. It accepts USDT deposits. The strategy is curated by Steakhouse.
To deposit into USDT Lite, you need USDT tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
USDT Lite ranks among 23 monitored USDT strategies on Mainnet. Its yield of 3.14% is 1.1% above the Mainnet average of 3.10%.
USDT Lite 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 USDT Lite 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 3.14% 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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